Saturday, November 17, 2007

MAJOR AUDIT OF LARGE FORESTRY CONCESSIONS TAKING PLACE

MAJOR AUDIT OF LARGE FORESTRY CONCESSIONS TAKING PLACE
Guyana Chronicle, 16 November 2007
http://www.guyanachronicle.com/news.html#Anchor------42345
THE Guyana Forestry Commission (GFC) notes that Barama Company Ltd.
(BCL) has paid in full the required compensation to the GFC for
breaches of procedures committed recently in forestry concessions
leased to A Mazaharally and Sons Limited, Barakat Timbers Limited and
N. Sukul and Sons Limited.

A statement issued by the GFC said whilst BCL’s recent press statement
on the matter has confirmed no liability on their part, the GFC
maintains its position that the breaches were verified on the basis of
substantial and intensive investigations. The GFC also notes the
willingness of BCL to cooperate with the GFC in carrying out a
comprehensive review of BCL’s procedures to avoid any recurrences.

The GFC further notes the commitment expressed by BCL to cooperate with
the GFC in fully addressing another identified breach of procedures
involving both BCL and Guyana Sawmills Limited (GSM) in a forest
concession leased to GSM, the Commission’s statement continued.

In addition, the GFC advises all stakeholders that as part of its
routine field operations, it continues to undertake detailed audits of
other large concessions. The preliminary findings of these audits
verify that Willems Timber and Trading Company Limited (WTTC), another
company that has been leased a forest concession, has also breached
some of the GFC’s operational procedures. This particular investigation
is being finalized, and the GFC will advise the general public on the
results of these investigations and penalties to be instituted, the
statement concluded.

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