Situated on the mineral rich Guyana shield, Guyana has attracted international interest from the largest minning companies in the world. While the minning sector is primarily focused on gold, bauxite and diamonds, Guyana also contains 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. Guyana produces high-value refractory-A grade bauxite, which is produced nowhere else except in China.
According to the World Bank, mining is playing a crucial role in raising income levels and driving economic growth in Guyana.
- Provision of mining equipment.
- Major investments for the mining industry, especially in the gold and bauxite áreas, for exploration purposes and to improve the efficiency and productivty of operations.
- On the services end, there is need for processing labs and drilling companies.