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Russia to pursue natural resources cooperation with Guyana
Published on September 12, 2012 Email To Friend    Print Version

GEORGETOWN, Guyana (GINA) -- Russia and Guyana are set to cooperate in the areas of natural resources development and environmental management.

On Tuesday, the Minister of Natural Resources and Environment of Guyana, Robert Persaud, met with his counterpart from the Russian Federation, D.G. Khramov, in Moscow, where they explored areas of possible cooperation between the two ministries and related agencies.

Guyana and Russia, like several other countries, recently adopted a model of having a single ministry which embraces natural resources development and environmental management. Both sides recognised this as being consistent with the new global thinking that can contribute positively to the sustainable development thrust.

The areas identified for cooperation include technical support in mining especially in the use of new technology to improve recovery; sharing of experiences in the wider extractive industries including oil and gas; balancing natural resources development with environmental management.

It was agreed that the two sides will develop and consider a memorandum of understanding to serve as the framework for cooperation. Persaud urged for training opportunities in mining and oil and gas, as well as Russian experts being deployed to Guyana to support the growing extractive industry.

The Russian aluminum giant RUSAL has already invested more than US$100 million in Guyana’s bauxite industry. Another Russian-British company is pursuing interest in the gold mining sector.

The Russian minister of natural resources and environment noted that Russian companies are keen on doing business in Guyana, however he urged the government of Guyana to continue to ensure the necessary enabling support is provided.

Persaud also met with the deputy foreign minister of Russia while in the country to attend a meeting with RUSAL, as well as attend a major international bauxite/ aluminum conference.
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