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The Ministry of Natural Resources and the Environment has secured the services of William Oates, Canadian Executive Service Organisation Advisor to assist with the development of a policy framework on capital risk management for the gold mining sector.On Friday, Oates made a presentation to stakeholders in the industry at the Ministry’s Brickdam office, a Government statement said.Oates shared some of the options on how best the financial portfolio in the mining sector can be managed so as to ensure more structure.In 2013, gold output in Guyana reached a record production of over 481,Krystian Bielik Arsenal Jersey UK,000 ounces; however,Wholesale NFL Jerseys China, it wasn’t a very lucrative year for persons in the gold mining sector because of the tremendous fall in the price of the mineral which fell from a high of US$1,900 to just over US$1,Cheap Jerseys China,100 per ounce.The Natural Resources Ministry, along with the relevant agencies, has been seeking interventions through policy guidance and framework to ensure that gold producers, dealers and other stakeholders do not feel the full effect of the price fluctuation,Jerseys NFL Wholesale, by trying to diversify the portfolio and have proper capital risk management for the resources they have invested.Minister of Natural Resources and the Environment, Robert Persaud, on Friday met and had discussions with various consultants of the Guyana Geology and Mines Commission (GGMC) and the Guyana Gold and Diamond Miners’ Association (GGDMA) and other ministry officials at the Ministry’s Brickdam office.According to Minister Persaud, the focus is to stay ahead in the gold market and plan ahead for the sector,wholesale nfl jerseys, and this involves the participation of stakeholders and producers who would be able to provide options and advice in terms of how the ministry and agencies can manage risk in the gold market.Persaud reiterated that he expects greater participation of producers, as well as dealers because the intended output is to determine how best the sector can be managed, as well as the risks that come with it.Given the way in which the price of gold has been moving, Minister Persaud pointed out that there is urgency for all involved in the sector to pay adequate attention in terms of how to manage production which will enable them to see greater outcomes.Reports will be made available to the dealers, producers, the relevant stakeholders and the GGMA and GGDMA board,NFL Jerseys China, to determine what aspects can be developed and what policies can be put in place.“The aim is to work with the dealers to see how best we can manage the situation….we look forward to the outcome with great anticipation,Wholesale NBA Jerseys,” Minister Persaud said.He added that while the intention is to look at gold, the ministry will also be focusing on diamond to distinguish whether there are risk factors and how they can be addressed.