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Asian wood companies told to start value added production or face contract termination

Asian wood companies told to start value added production or face contract termination

Governance Minister Raphael Trotman

Raphael Trotman

[29 July 2015 – Demerara Waves – Written by  ]

Bai Shan Lin Forest Development Inc. and Vaitarna Holdings Private Inc. will have their contracts, which allows them to harvest timber from Guyana’s forests, terminated if they fail to commence value-added operations by year-end, says Governance Minister Raphael Trotman.

Bai Shan Lin established itself in Guyana in 2005 and has several concessions in Guyana, including around 960,000 hectares of forest, a 20-kilometer river gold mining concession, and 400 acres of land for real estate development. Vaitarna’s also holds a concession for several hundred thousand hectares of forest.
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