Category Archives: Mining

Bartica must become a town- APNU

Bartica must become a town- APNU

Monday, 31 March 2014 –  Demerara Waves

David Granger

APNU Chairman David Granger

The opposition A Partnership for National Unity (APNU) has promised to push for Bartica to be designated a town and for a number of ills like poor waste disposal to be addressed.

Already, the area is often described as a gold mining township where business has been booming largely due to a spike in the price for the precious yellow metal.

APNU Chairman, David Granger told residents of Bartica and several areas at a town hall meeting at the St. John’s Anglican School that his coalition would like to see that community become Guyana’s seventh town.
Authorities have also identified the need for Lethem near the Guyana-Brazil border to be designated a town. The other towns are Georgetown, Linden, New Amsterdam, Rose Hall, Corriverton and Anna Regina.  

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Concerns about Hydro projects in the Mazaruni District

LETTER AND INFO FROM ANNE HAREWOOD:
Hi Cyril,

You might have seen the press coming out of Guyana today that the government is going ahead, with the help of Brazil. with a US$45M study for the development of hydro power in the Upper and Middle Mazaruni Regions in Essequibo.
e.g. see Alva Solomon’s story in Demerara Waves:

US$45M to study Mazaruni hydropower potential

The government officials went to a few Amerindian settlements over the last week and told them that two schemes will be developed – one in the Upper Mazaruni and another in the Middle Mazaruni, and that their villages and land will not be flooded as the new technology reduces the size of reservoirs by 90%. Apparently they feel that that was enough ‘consultation’ necessary to satisfy international requirements of ‘free, prior and informed consent’.

There are very few reports available in the public domain. Survival International had done some research around the Amaila Falls Hydro and had looked at all information gleaned about possible Mazaruni Potaro hydro that may affect the Akawaio, Patamona and Arecuna people.

http://assets.survivalinternational.org/documents/1113/book-fpic-oct-2.pdf  (see FOREWORD and PDF link to this report below)

I don’t know if there are any lawyers, environmentalists or hydro-power engineers in the Diaspora who may want to weigh in and give the residents and all citizens of Guyana some advice.

Regards,

 Anne Harewood

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Hoarding, low sugar performance blamed for rising exchange rates

Hoarding, low sugar performance blamed for rising exchange rates

Money

Currency Exchange

March 18, 2014 | BY KNEWS |

Guyana’s rising exchange rates may be blamed on a number of prevailing factors, including reduced proceeds from sugar and a steep drop of gold prices on the world market.

Over the past months, the exchange rate of Guyana dollar to the US climbed from $200 to US$1 to just over $210, a worrying trend for businesses and the administration.  It is not likely to drift down in a hurry, analysts have said.

While banks were advertising trading on average between $204 and $209, businesses have been complaining of hardships in acquiring significant amounts.   Continue reading

Last Train Home – By Dmitri Allicock

Last train home

Last train home

Last Train Home

By Dmitri Allicock

Lonesome Locomotive sitting on the line

Eternally left, beacon of bauxite ore enshrine

Hot and sweaty world so silent and still

Read More: Last Train Home

Note: Make your comments on the Dmitri Allicock website link above

Gold prices, sugar slump will lower Guyana’s growth this year – IDB

Gold prices, sugar slump will lower Guyana’s growth this year – IDB

FEBRUARY 5, 2014 | BY  |

A slump in gold prices and poor performance from the sugar sector will see Guyana facing major downside risks to its growth momentum, the Inter-American Development Bank (IDB) has said.
In its Caribbean Region Quarterly Bulletin issued last month, the bilateral lending agency said that this will lead to a lower growth forecast for 2014 at 4.3 percent. This will be below the 4.8 percent growth recorded last year.   Energy cost also remains a big worry for Guyana.

Rice warehouse

Rice warehouse

Rice helped buoy the economy last year but it may not be enough to sustain it at the same level this year, IDB says..

“Further downside risks may stem from lagging investments in productive infrastructure, especially roads, ports and electricity; as the economy’s competitiveness and capacity to diversify are stymied by high energy costs, limited electrical generation capacity and poor quality of electricity service.” Continue reading

In the Shadows of the Jaguar – The Legendary Porknocker – By Dmitri Allicock

Porknocker

In the Shadows of the Jaguar

The Legendary Porknocker

By Dmitri Allicock

New “shouts” of gold deep in wild of 1800s Guyana lured the individual gold prospector and gave birth to the legendary Porknocker. Leathery men left the comforts of their homes in Guyana and around the Caribbean for the inhospitable interior armed with only spade and battel, in search for that golden salvation of hesperides and became an unfathomed reservoir of stories, myths,  legend and incarnation fiction without boundaries.

For thousands of years gold was a part of the history of the native people of the Americas and Guyana and the association of gold attracted the attention of many early explorers of written history. It was even suggested that Guyana was the source of the elusive and legendary city of El Dorado, fabled for its great wealth of gold and precious jewels. Continue reading

Gold price collapse – worst for 30 years…now $US1,200/ oz

Gold price collapse is the worst for 30 years…now $US1,200 per oz

DECEMBER 29, 2013 | (http://www.telegraph.co.uk)gold bar

Gold will   finish the year as one of the worst-performing asset classes of 2013, bringing to an end a decade-long rally in the precious metal.Gold has suffered its sharpest fall in 30 years, down alm

That compares badly against other assets, with the S&P 500 up 28%, the FTSE 100 gaining around 13pc and Brent crude oil futures up about 2.5% in the same period.ost 28% over the past 12 months to close 2013 at about $1,200 (£725) an ounce.   Continue reading

Guyana records highest ever gold declaration

Guyana records highest ever gold declaration

Published on December 19, 2013

Guyana Gold Production

Guyana Gold Production –  Source Guyana Gold Boarrd

GEORGETOWN, Guyana (GINA) — Guyana has recorded the highest ever gold declaration of 458,105 ounces as at December 16, 2013 surpassing the previous highest level of 455, 918 ounces in 2001; which included the declarations of both Omai and small scale operators.  

This announcement was made by the minister of natural resources and the environment, Robert M. Persaud.   Continue reading

Strong economic growth predicted for Guyana – IMF

Strong economic growth predicted for Guyana – IMF

GraphThe latest IMF report indicated that during the last decade, Guyana’s strong macroeconomic performance has contributed to a reduction in public debt levels and sustained poverty reduction.

WASHINGTON D.C., United States, Friday December 20, 2013, CMC – The International Monetary Fund (IMF) is projecting Guyana’s economic growth for 2013 to be 4.8 per cent continuing the broad-based robust expansion in economic activity over the past few years.

The Washington-based financial institution, which has just concluded an Article IV consultation on the country, said that during the last decade, Guyana’s strong macroeconomic performance has contributed to a reduction in public debt levels and sustained poverty reduction.

It said that the economy has experienced seven years of uninterrupted growth averaging about four per cent annually.   Continue reading

Statement by Maj. Gen. (retd) Joseph G Singh on New River Triangle

Dear Editor

Statement by Major General (retd) Joseph G Singh on extractive activities relating to Guyana’s natural resources in the New River Triangle

I have noted that sections of the media have been carrying statements attributed to me in relation to the issue of natural resources extractive activities in the geographic area in south-eastern Guyana referred to as the New River Triangle. The only statement I have made was in response to a question from a Stabroek News reporter, who asked whether during my tenure as Chief of Staff of the Guyana Defence Force (1990 -2000) I was cognisant of an official policy regarding such activities. I informed the reporter that the Guyana Defence Force, GDF, was aware of Government’s policy that no permits were being granted for natural resources extractive activities in the New River Triangle.  Continue reading

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