PPP/C mulls expanding Local Content Act to include gold, bauxite sectors

The People’s Progressive Party Civic (PPP/C) will consider expanding the Local Content Act to cover other sectors such as bauxite and gold mining.
“…especially in light of imminent large-scale developments,” the party said in its manifesto.
The Local Content Act, enacted in 2021, aims to ensure that Guyanese nationals and companies benefit from the country’s petroleum sector.
The current legislation mandates that oil and gas companies and their subcontractors procure a certain percentage of goods and services from Guyanese entities, covering 40 different areas such as accommodation, food supply, janitorial services, laundry, catering, and pest control.
The PPP/C committed that within the next five years, it will review the list and, in consultation with the oil and gas industry and with the non-oil private sector and other stakeholders, identify opportunities for expanding and updating the schedule.
Additionally, the party said it will continue aggressive training and capacity-building efforts to equip more Guyanese nationals to be able to take up good-quality jobs in the oil and gas sector and equip more Guyanese companies to be able to compete for business opportunities in the sector.