Australian company considers investing in Guyana

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A 10-member team from one of the world’s largest iron ore companies are hoping to invest in Guyana.

The team from Australia, Fortescue (FMG), led by the Chief Executive Officer, Julie Shuttleworth, touched down at the Cheddi Jagan International Airport (CJIA) on Friday for a meeting with the Guyana Office for Investment (GO-Invest).

According to the Investment office, the company discussed “projects related to the Low Carbon Development Strategy, including the Amalia Fall Hydro Project, in particular harvesting renewable energy to facilitate new Green Industry products such as Ammonia, Hydrogen, Fertilizers, and Metals for both local and foreign markets.”

In attendance was the Minister of Natural Resources, Vickram Bharrat; Foreign Secretary, Robert Persaud and Chief Investment Officer and CEO of GO-Invest, Dr. Peter Ramsaroop.

According to GO-Invest – “Fortescue is known for partnering with select countries to unlock green industry potential.”

Fortescue, which was established in 2003, boasts of discovering and developing major iron ore deposits, constructed some of the most globally significant mines, and is now one of the world’s largest iron ore producers.

With integrated mining, rail, shipping, and marketing teams, Fortescue exports 175 to 180 million tons of iron ore annually.

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