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About Dropdown Description

World Bank building
About

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Learn More

Our Impact Dropdown Description

Hands husking peas into a basket full of peas
Our Impact

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Learn More

Our Products Dropdown Description

Young woman bending down to tending to her outside chores
What We Do

Explore different types of political risk insurance guarantees provided to investors and lenders.

Learn More

Projects Dropdown Descriptions

Hyundai building
Projects

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Search Projects
Guyana

Omai Gold Mines Ltd.

$49.88 million
Mining
Project Brief
Not Active
twitteremail

MIGA issued two reinsurance contracts totaling $49.8 million for the Canadian Export Development Corporation's insurance of Cambior Inc.'s $150 million equity and loan guarantee contributions to the Omai Gold Mine Ltd. in Guyana. The project, to construct and operate an open-pit gold mine, will contribute substantially to Guyana's export earnings. In addition, it will create 625 new jobs and provide significant infrastructure improvements. MIGA's reinsurance covers both Cambior and the project lenders against the risks of currency transfer, expropriation, and war and civil disturbance.

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