The US$1.5 billion Oko West gold project in Guyana’s Region Seven is expected to significantly enhance the country’s mining industry when operations commence in 2027.
Developed by G Mining Ventures Guyana Inc., the gold project is situated in the Cuyuni-Mazaruni Mining District, approximately 70 kilometers from Bartica, the region’s capital.
An educational forum on the project was held on Wednesday at the Pegasus Suites and Corporate Centre in Georgetown, where key government officials discussed the project’s potential impact.
Minister of Home Affairs, Robeson Benn, highlighted that the Oko West Gold project represents a major step forward in diversifying Guyana’s economy, reducing its reliance on the oil and gas sector. “We will not make the mistake of other countries who rely on a single resource base like oil and gas,” said Minister Benn. “This is part of our broader goal for sustainable, holistic development of the country.”
Reflecting on the historical challenges faced by Guyana’s mining sector, Minister Benn noted the near collapse of the industry in the past, but emphasized the government’s commitment to reviving and maintaining the sector.
“We are committed to delivering on our promises to the people of Guyana,” he stated.
The Oko West Gold project is expected to create significant employment opportunities, with about 1,700 workers needed for the construction phase over the next two and a half years, followed by an additional 1,500 employees for ongoing operations during its 13-year lifespan.
Minister of Labour, Joseph Hamilton, emphasized the training opportunities that will be offered in partnership with the Board of Industrial Training (BIT). The BIT has signed a Memorandum of Understanding (MoU) with G Mining Ventures to train local workers at its Bartica center.
“We must rethink and revolutionize our approach to education and skills training,” Minister Hamilton stated. “The BIT will do its part to ensure the success of this project.”
Upon completion of their training, participants will be able to apply for jobs at the mine, offering them long-term career prospects.
G Mining Ventures’ Country Manager, Bjorn Jeune, also underscored the company’s commitment to local employment and capacity building. He emphasized that a multi-stakeholder group will be established to address community needs and ensure transparency throughout the project.
In addition, Jeune announced a scholarship partnership with the University of Guyana to support the education of future geology students, further promoting the long-term development of the country’s mining sector.
