Internet Radio

Transparency Institute wants Broomes to relinquish gold mining interests

The Acting President of Transparency Institute of Guyana Inc. (TIGI) Compton Meerabux says that Junior Natural Resources Minister Simona Broomes should relinquish all her interests in Guyana’s lucrative gold mining sector.

Broomes was recently relieved of her duties as Social Protection Minister and appointed Natural Resources Minister.

Questioned by Demerara Waves on Wednsday, Broomes admitted to owning claims in the sector but was pellucid that she does not see a conflict of interest.

“I don’t see it as a conflict of interest. I have three mining properties in the Issano area and Pharsalus and I had  a contract gone back years and if they are to mine the area, it is simple we come back to the table if I am to get a percentage or if they are going to buy me out and that is simple. I don’t see any conflict of interest there and that is very straightforward,” she said.

But Meerabux stated that there is a conflict of interest and it is something that the Institute would like to see the government address.

“Whether it is perceived or real there is a conflict of interest,” he stated.

Asked whether he believes Broomes should demit her post as Junior Natural Resouces Minister, the TIGI head stated that he would like to speak to the Minister or the President before making such a pronouncement.

He later stated that she should divest herself of all interest in the sector which has been plagued by allegations of corruption in the past.

“She has to show complete removal from all gold mining interests,” said Meerabeaux.

A Troy Resources document seen by Demerara Waves Online News states that the company has the option of acquiring a 100 percent interest in three medium scale prospecting permits in keeping with an agreement signed in June, 2012.  So far, she has been paid US$40,000 on the signing of the agreement, and two more payments of US$40,000 each.

Pharsalus Gold, according to the document, enjoys full rights to occupy, explore, prospect, mine or carry out related activities on the tenements. The document also states that after the exercise of the option the vendor, Simona Broomes is entitled to a 2% Net Smelter Royalty, which Pharsalus has the option to purchase at any time for a cash payment of US$1,500,000.

  • Keith Williams

    That is absolute crap. No where in this world are people required to give up their property because of their portfolio. Does the Minister of Housing have to give up real estate property that he or she owns.

    It is nigh impossible for a black woman to get and own crap in this world of ours, but now they have to give up their property because pseudo civil society interests who spent decades accommodating the worse kinds of financial irregularities suddenly found an epiphany. Give me a freaking break yeh!!!

    • The Viper

      As a black woman, she can keep her “crap” as u put it.. as the Minister presiding over the very sector which she is entrusted to represent, either her personal stake has to go or she relinquish office..

      As for the minister of housing… if he was a developer of the ministry’s land such as the developers of the providence/diamond development, then he would have to do the same.

      • Kaieteur_Canada

        Nansense… then you agree that the wife of the corrupt PPP ex finance minista Ashni Singh should have divorced him or relinquish her post as the auditor of the same government institutions he was chairman of ??

        I cannot remember reading you advocate for that…. maybe I missed it?

        • The Viper

          This isn’t about my advocacy.. its about a coalition that campaigned on being better than the last administration.. comparisons are therefore irrelevant..

  • Max

    Where was the voice of TIGI and Compton Meerabeaux when the PPP Ministers doled out state assets, lands, mining rights and permits to their families, friends, and cronies and had the Chinese and Brazilians fronting and paying them kick-backs.. He should call for the investigation of Robert Persaud and most of the sitting PPP Members of Parliament and some of those who left. I presume Clinton Williams will be willing to testify.

    • Kaieteur_Canada

      Similarily, where was TIGI when the wife of the corrupt PPP ex finance minista Ashni Singh was the auditor of the same government institutions he was chairman of ….?

  • john

    All she has to do is put it in a blind trust. End of story.

  • Mother Sally

    ONE WILL BELIEVE THAT AS A PUBLICLY TRADED AND LISTED ENTITY ON NO
    LESS THAN TWO EXCHANGES – AUSTRALIA AND GERMANY – TROY RESOURCES IS EXPECTED TO OPERATE ITS BUSINESS GLOBALLY IN A TOTALLY TRANSPARENT AND ETHICAL MANNER. THIS MUST
    BE CONSISTENT ONE WOULD EXPECT IN KEEPING WITH ITS OWN CORPORATE CODE OF CONDUCT AND NOTHING LESS.

    IN THE CASE OF GUYANA, IF MEMORY SERVES ONE CORRECTLY – TROY RESOURCES COMPANY WENT TO GREAT PAINS TO MAKE IT CLEAR VIA FULL PAGE NEWSPAPER ADVERTISEMENTS OF THEIR STATED COMMITMENT TOWARDS ENSURING A ZERO TOLERANCE POLICY IN TERMS OF CORRUPT BUSINESS PRACTICES.

    THE RECENT DAMNING REVELATIONS BY NONE LESS THAT THE
    VIGILANT, LOCAL MEDIA IN GUYANA THAT NONE OTHER THAN THE RECENTLY APPOINTED JUNIOR MINISTER OF NATURAL RESOURCES – ONE SIMONA BROOMES WAS IN FACT A BUSINESS PARTNER AND A SHAREHOLDER WITH TROY RESOURCES AND PHARSALUS MINING COMPANY LTD HAS BECOME A SERIOUS CAUSE FOR CONCERN AND THERE IS NOW A NATIONAL
    CRY FOR JUSTICE AGAINST THE MINISTER AND TROY ESPECIALLY.

    THIS CONSTITUTES A BLATANT CONFLICT OF INTEREST BECAUSE THIS
    IS THE LINE MINISTER WITH RESPONSIBILITY FOR MINING IN A THIRD WORLD COUNTRY THAT IS RIDDLED WITH BRAZEN CORRUPTION THAT EVEN AFGHANISTAN COULD NOT POSSIBLY OUTSHINE – JUST HOW COULD SHE BE REGULATING AN INDUSTRY IN WHICH SHE HAS A MATERIAL INTEREST?

    OBVIOUSLY, THERE SEEMS TO BE A PATENT DISCONNECT BETWEEN THE
    VIRTUES PREACHED BY TROY AUSTRALIA AND WHAT EVER ELSE THAT GOES ON IN PLACES LIKE GUYANA.

    ONE EXPECTS LIKE THE REST OF THE CONCERNED WORLD THAT TROY WILL SEEK TO DITCH MINISTER BROOMES OTHERWISE ITS SHAREHOLDERS WILL START DITCHING ITS SHARES.

  • Gtloyal

    Mr C. M., would you be transparent enough to manage the properties for Madam Minister while she is in office? You will be responsible for the handling of all the gold, diamond and monies thereby obtained. You won’t have to report to Madam Minister until after her tenure.
    Anyone wanna try a guess as to what the answer would be? Bet things will suddenly get opaque.

  • PETER

    All these alphabeth soup organizations suddenly got a hard-on, the ppp ran rampant over all the constitutional laws of Guyana while making themselves rich along with their friends and the TIGI stood silent for 23 years, now that the new government gave them back their balls they are trying to point fingers where it is not necessary, they should be thankful that it is public knowledge that she owns the mining interests, that is usually called transparency compton meerabux.
    Providing Mss. Broomes do not aquire any more mining interests and do not use her office to make her current mining interests benefit in any way she should be allowed to continue holding ownership. These petty complaints which are instigated by the former PPP government should be ignored.

  • Mission

    What is meant when the ministry said it will stamp out “landlordism”?

  • KassemB

    ‘Questioned by Demerara Waves on Wednsday, Broomes admitted to owning claims in the sector but was pellucid that she does not see a conflict of interest.’
    But the public do