Guyana - Information and Communications TechnologyGuyana Information Technology
Overview
In addition to its well-known deposits of gold, bauxite, and diamonds, Guyana’s mineral heritage includes deposits of semi-precious stones, kaolin, silica sand, soap stone, kyanite, feldspar, mica, ilmenite, laterite, manganese radioactive minerals, copper, molybdenum, tungsten, iron, and nickel, among others. In the last year, discoveries of lithium, manganese, and coltan have led companies to consider investing in mining operations.
According to the World Bank, mining is playing a crucial role in raising income levels and driving economic growth in Guyana. Mining’s contribution to GDP (2015) was 15.4 percent; its share of exports (2016) was 52 percent; and, its contributions to employment were (2013) 17,363 in direct employment and 21,626 in indirect employment, for a combined 14 percent of total labor force.
Mining is an important, long-rooted sector of the Guyanese economy, with well-established operating rules and a safe operating environment that offers investors flexibility in establishing the infrastructure and operations necessary for them to be successful.
| 2015 | 2016 | 2017 | 2018 (Provisional) | |
| Total Imports | 30.7 | 34.7 | 66.1 | 71.9 |
| Total Exports | 622.1 | 941.0 | 935.7 | 907.3 |
| Exchange Rates | 208.50 | 208.50 | 208.50 | 208.50 |
(total market size = (total local production + imports) - exports)
Leading Sub-Sectors
-Large scale gold mining.
Opportunities
-Provision of mining equipment.
-Large-scale investors for the mining industry, especially in the areas of gold and bauxite, for exploration purposes and to improve the efficiency and productivity of operations.
-On the services end, there is the need for processing labs and drilling companies.
Web Resources
Guyana Office for Investment
Guyana Geology and Mines Commission
Ministry of Natural Resources and the Environment