Category Archives: Mining

Guyana aims to shift economy from gold to green – by Molly Bergen

Guyana aims to shift economy from gold to green

Alluvial gold mining in the rainforests of Guyana.

Alluvial gold mining in the rainforests of Guyana. This is a medium-scale operation; many Guyanese work in the artisanal, small-scale gold mining sector, which is built around removing minerals from topsoils. As the gold runs out, the supply accessible from the surface will be the first to disappear, leaving many people in search of new livelihoods. (© Pete Oxford/iLCP)      Continue reading

Economy buoyed by record-breaking US$850M gold earnings

Economy buoyed by record-breaking US$850M gold earnings

 Foreign currency earnings from gold exports, despite the low prices, are expected to reach a massive US$850M, making the industry one of the most resilient for the country in recent years.

Gold exports earnings estimated at a record US$850M for the year

According to initial estimates provided by the Ministry of Natural Resources, yesterday, this would mean that taxes and royalties from gold sales would rake in at least US$60M.

Yesterday, gold declarations broke several records, including surpassing the 700,000 ounces mark.
Some 705,000 ounces was recorded as declared yesterday by the Guyana Gold Board, confirmed Natural Resources Minister, Raphael Trotman.    Continue reading

Agriculture, gold…and oil, elevating Guyana’s international image

Agriculture, gold…and oil, elevating Guyana’s international image

By Kiana Wilburg – Kaieteur News – December 25, 2016

The impressive performance of Guyana’s gold and agriculture sectors coupled with the highly anticipated wealth to accrue from the oil industry, have all served to boost the nation’s image on the international stage.

Under new political guidance, these sectors are poised to not only transform Guyana’s growth structure but also guarantee the improvement in the nation’s management capabilities as well as its financial stability.
Here is an in-depth look at these sectors as well as their performance in recent times.      Continue reading

Guyana 411 – December 23, 2016 – Focus on Natural Resources – video

GINA logoGuyana 411 – December 23, 2016 – Focus on Natural Resources

Suriname: New Mine Brings Big Changes To Town In Rainforest

Suriname: New Mine Brings Big Changes To Town In Rainforest

Nov 29, 2016 – http://caribbeannewsservice.com/

LANGA TABIKI, Suriname, Nov 29 2016 — Muddy footpaths wind past empty homes, most Suriname mapcollapsing into ruins. Dozens of stores and bars have closed. The most prominent citizen, the chief of a tribe descended from escaped African slaves, has decamped to the capital.

A gold mine operated by a U.S.-based company opened recently in the rainforest of southern Suriname, bringing hundreds of jobs and badly needed revenue to a government struggling with some of the highest inflation in the world.

But it has also emptied out the nearest community, Langa Tabiki, a small frontier town with an outsized role in the history and culture of this South American nation, one that has depended heavily on wildcat mining.     Continue reading

Guyana: Bauxite Centennial activities in Linden October 23-29, 2016

Subject: Bauxite Centennial activities in Linden October 23-29, 2016

From: Paula Walcott-Quintin, Linden Fund USA Chair, Bauxite Century Secretary

Dear Bauxite Century colleagues:

Please see the information below on behalf of Horace James, Bauxite Century Chairman.

The week of October 23 to 29, 2016 has been designated Bauxite Century Week. The following activities have been planned in Linden. All are invited.

Also, please see some press coverage in chronological order, so far. The links are listed below.       Continue reading

Guyana – The truth means nothing to the politician – By Adam Harris

The truth means nothing to the politician

Adam Harris

Adam Harris

Opinion - commentary -analysisI am convinced that politics is about deception. It is about making one group of people look good and at the same time, criticizing the other. But in doing so the politicians give credence to the adage that the more things change, the more they remain the same.

When the coalition government came into office it did so on the back of a lot of promises. It has been able to keep some of these promises, but others have proven difficult. The result of the failure has led to rampant criticisms.
One of the promises was transparency. The government had promised to make available the numerous contracts signed by the previous government. However, the nation has suddenly found that it cannot be made privy to the Marriott contract. That is something that I cannot understand.           Continue reading

Bai Shan Lin: the Chinese logger with multiple interests in Guyana

Bai Shan Lin: the Chinese logger with multiple interests in Guyana

05 Sep  by Janette Bulkan   http://dialogochino.net/bai-shan-lin-the-chinese-logger-with-multiple-interests-in-guyana/

The victory of the A Partnership for National Unity (APNU) coalition in Guyana’s May 2015 elections signalled the end to the uninterrupted rule of the Progressive People’s Party (PPP) that had begun in 1992.

Many also expected an end to the preferential treatment given to partially state-owned Chinese logging company Bai Shan Lin (BSL), which in 2007 began operating in this small but resource-rich South American country nestled between Venezuela and Suriname on the Caribbean coast to the north of Brazil.

The APNU coalition had promised during its election campaign that the “rule of law” would prevail under its watch, and that companies benefitting from Foreign Direct Investment (FDI) agreements would have to comply with both the terms of their contracts and Guyanese law. Yet Chinese companies, such as BSL, continue to dominate.   Continue reading

Guyana’s Natural Resources: Zero Tolerance for Vaitarna and Bai Shan Lin – xpressblogg.com

Guyana- loggingOpinion - commentary -analysisThe sudden decision by China to provide aid to Guyana was hardly puzzling.

We knew that another principle of distributive justice was at work; one that was not formally articulated, perhaps deliberately muted because of the disparate goals of the parties at the deal table.

The world was already watching on at the not so subtle creep of China into the Caribbean and surrounding countries that shared the same dependency on foreign aid because the choices of their post colonial leaders – selfish governance, greed, corruption – led to economic underdevelopment and stagnation that left these countries sitting on potential they were unable to develop.

India, its equally insidious partner, was hot on its heels and did not go unnoticed, either.    Continue reading

Exxon Mobil Contract Review… We have a right to review any contract — Trotman tells Jagdeo

Exxon Mobil Contract Review… We have a right to review any contract — Trotman tells Jagdeo

Minister of Natural Resources and the Environment, Raphael Trotman.

Raphael Trotman.

Leader of the Opposition, Bharrat Jagdeo.

Bharrat Jagdeo.

Moments after being criticised by the main Parliamentary Opposition’s Leader, Bharrat Jagdeo, the Minister of Natural Resources and the Environment, Raphael Trotman, fired back. He described Jagdeo’s comments as nothing but “trash”.

Earlier yesterday during a Press Conference hosted by the People’s Progressive Party/Civic (PPP/C) at the party’s Headquarters in Robb Street Georgetown, Jagdeo heavily criticized the move made by Trotman to review the 1999 Exxon Mobil contract.    Continue reading

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