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“This will be the way forward for all companies entering the natural resources sector,”- Minister Trotman Minister of Natural Resources, Raphael Trotman is adamant that all foreign companies entering the naturalNatural Resources Minister, Raphael Trotmanresources sector will be subjected to a due diligence exercise. This refers to an investigation of a business or person prior to signing a contract, or an act with a certain standard of care.Trotman told Kaieteur News yesterday that international support is available to assist with the due diligence exercises. China Longjiang Forest Industry (Group) will be no exception to this rule. This is the company that is to completely take over BaiShanLin Forest Development Inc. in Guyana. China Longjiang already has a 55 percent hold in BaiShanLin.BaiShanLin, on numerous occasions, has been heavily criticized by the local authorities for its wanton abuse of Guyana’s forests.Forensic auditor, Anand Goolsarran, in a recent interview with Kaieteur News said that this company has literally “fooled the nation” while enjoying millions of dollars worth in concessions and the grant of two exploratory permit without meeting the criteria. The company has also benefited from “premium” privileges under the guise that it would establish a state-of-the-art wood processing facility here. Ten years later and this promise is unfulfilled.Taking into consideration that the entity has failed to fulfill its obligations to Guyana, Goolsarran,[url=http://www.cheapnikenfljerseys.us.com/]Cheap Nike NFL Jerseys[/url], in his recent audit report of the Guyana Forestry Commission (GFC) made several recommendations.The fact that the Forests Act does not permit a renewal of a State Forest Exploratory Permit at the end of three years, the contract with the company, Goolsarran said, should be terminated forthwith. In addition to this, Goolsarran said that the coalition administration should consider terminating the investment agreements with the company and recover the value of the fiscal concessions granted to it.Goolsarran also recommended that State forest currently controlled by BaiShanLin should be returned to the Commission for reallocation.Kaieteur News understands that some action has already been taken in this regard by the GFC Board. According the GFC officials, 177,000 acres of land has been repossessed from BaiShanLin.China Longjiang has since expressed to the Government of Guyana that it intends to breathe new life into BaiShanLin. But this very company has “skeletons in its closet.”Several Forestry experts have found that China Longjiang, which is owned by the Government of China, has “a track record of unsustainable logging.”The state-owned company operates in the Heilongjiang Province. That area holds some of China’s prime and lush temperate forests. 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Existing laws are thought sufficient to tackle illegal logging.”The ban in Heilongjiang significantly affects China Longjiang Forest Industry and Daxing Anling Forestry Company (Anling Forestry), and signifies a shift towards forest conservation, rather than utilization, Sheng says.The two state-owned companies manage 18.45 million hectares of forests,[url=http://www.realmadridtiendaoutlet.es/]Camiseta Real Madrid 2019 Barata[/url], covering 39 percent of the entire province of Heilongjiang, according to the official Xinhua news agency.The Heilongjiang province, close to the frozen river border with Siberia, had forests which were once so dense that the area was known as the Great Northern Wilderness.But China’s forestry experts emphasized that more than 50 years of unsustainable logging by state-entities such as China Longjiang have led to disastrous deforestation. This has resulted in soil erosion and dust storms. And with fewer trees to retain water,[url=http://www.cheapnikenfljerseys.us.com/]Wholesale Nike NFL Shop[/url], Heilongjiang has suffered devastating floods.From 2001 through 2012, Heilongjiang lost over 470,000 hectares of tree cover representing more than 2.5 percent of its forested area,[url=http://www.wholesalechinajerseysstore.us.com/]Cheap NFL Jerseys[/url], according to data from Global Forest Watch (GFW).The ban comes after years of declining tree cover loss in the province over the past 15 years, from a high of 80,000 hectares lost in 2004 to just under 23,000 hectares in 2012,[url=http://www.scarpeyeezyscontate.it/]Scarpe Yeezy Scontate[/url], the most recent date for which GFW data is available.“A halt here (in Heilongjiang) means an end to the way China has been utilizing forestry resources since 1949, and creates an opportunity for China to move to an era of improved forestry management,” agrees Hou Yuanzhao, a researcher at the Chinese Academy of Forestry, adding that Heilongjiang’s state-owned forests are the centre of China’s forestry industry.Manches Longues Rayures 14136 James Harden Koszulki
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