Category Archives: Mining

The new Russian presence in the Caribbean – By David Jessop – Commentary

 The new Russian presence in the Caribbean – The View from Europe: 
Published on March 28, 2015  –  By David Jessop – Commentary
Over the last five years Russian interest in the Caribbean has been growing steadily; so that today Moscow’s diplomatic profile and its economic presence in a number of Caribbean nations is now stronger than at any time since the end of the Cold War.

david_jessop.jpg
David Jessop 

Russia also appears to see the region as possessing a similar world view, one in which it can demonstrate its desire to counterbalance what it regards as US exceptionalism; where the restoration of its special relationship with a changing Cuba will be strategically significant; and where interesting numerical possibilities exist for voting at the UN and in other international fora.
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Guyana: Exxon Mobil to begin exploratory drilling offshore – Venezuela reacts!

Deep-Water-Champion

 Guyana: Exxon Mobil to begin exploratory drilling offshore 

GEORGETOWN, Guyana, Thursday February 19, 2015, CMC – Exxon Mobil says plans are in place to start exploratory drilling next month.

In a release on Thursday, it was disclosed that the Minister of Natural Resources Robert Persaud, met with Chuck Calavan, ExxonMobil Vice President of US and Latin America and Jeff Simon, Country Manager, ESSO.

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Guyana: Capitol TV News Videos – 27 January 2015

Guyana: Capitol TV News Videos – 27 January 2015

  • Revelations that PPP sought weapons from Czechoslovakia in 1964
  • UG students not ruling out demonstrations
  • GDF announces promotions
  • GGMC strike ends
  • Woman jumps off Demerara Harbour Bridge
  • Robb street fire victim complains of death threats
  • Sports

Click links below to view the News videos:

Revelations that PPP sought weapons from Czechoslovakia in 1964

Posted: 27 Jan 2015 01:09 PM PST   Continue reading

Guyana: Capitol TV News Videos – 15 January 2015

Guyana: Capitol TV News Videos – 15 January 2015

  • Gov’t deems British envoy “pariah”
  • AFC supports GAWU call for GuySuCo inquiry
  • Women miners support call for better pay for GGMC workers
  • GGMC Management says has no manadate from Board to Negotiate salaries
  • Another whale washes ashore

        Click links below to view the News Videos

Gov’t deems British envoy “pariah”

Posted: 15 Jan 2015 01:09 PM PST  Continue reading

Guyana: Gold Declarations short by 97,000 ounces for 2014

Gold Declarations short by 97,000 ounces for 2014

Gold barsGold miners demand same incentives as big operators to stay alive

January 3, 2015 | KNEWS

As gold closed out a dismal 97,000 ounces short of its original 2014 target, local miners have stepped up calls for radical changes that will see real incentives to keep the industry alive for small and medium scale players.
Gold declarations ended the year at just over 387,000 ounces.

According to Guyana Gold and Diamond Miners Association (GGDMA), it now wants almost the same benefits as the big operators with the time now for key mining policy changes. This is to allocate more of the fiscal “benefits currently enjoyed by large scale licencees to small and medium scale producers as well.” Continue reading

Guyana’s growth performance to be revised downwards

Country’s growth performance to be revised downwards

December 19, 2014 | By | By Leonard Gildarie

– rice, sugar steady shaky GDP as gold unable to reach projections

With just 12 days remaining in the year, and as gold declaration continue its shockingly dismal trend, Government is preparing to revise its growth figures downwards. That is because declaration is unlikely to even reach the 400,000-ounce mark, affecting overall projections set by Government at the beginning of the year.

However, record-breaking rice and an improving sugar have been the saviours, helping to buoy an conomy that is keeling from the fallout, Ministry of Finance officials said on December 18..
Government had targeted 484,562 ounces for 2014. Last year, despite falling prices on the world market, the country recorded 481,000 ounces in declared production by miners. Continue reading

THE ECSTASY OF GOLD – By Dmitri Allicock

 gold mining

THE ECSTASY OF GOLD

By Dmitri Allicock

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Deep in the heart of Guyana’s Jungle

Jaguars, snakes and waterfalls tumble

Highland shouts and echoes of gold

The ecstasy of gold for souls so bold

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Mexico’s drug cartels could be funding Guyana gold mining operations – US

Mexico’s drug cartels could be funding Guyana gold mining operations – US

CARIBBEAN360  DECEMBER 8, 2014  Dennis Adonis

Guyana Gold Production

Guyana Gold Production – click to enlarge

GEORGETOWN, Guyana, Monday December 8, 2014, Oslo Times – When U.S President Barack Obama signed the 2010 financial regulations bill into law, the primary focus of it was to clean up the bad business on Wall Street, while stretching Washington’s judicial reach to other countries engaged in bad business transactions that passes through U.S banks.

But buried in the 2,300 page document is an obscured section that covers the mineral exploitation profiteering feats in a number of jurisdictions, including Guyana, and everyone in that country that may be directly or indirectly involved in mineral trade with U.S companies or may have gained from questionable mineral trading transactions that passes through U.S banks.  Continue reading

Guyana: Capitol TV News Reports – 27 November 2014

Guyana: Capitol TV News Reports – 27 November 2014

  • Pilot claims he forgot he had US$600,000 on his jet
  • Questions raised about Exec Jets operations at CJIA
  • AFC wants full investigation into operations of Exec Jets
  • Small miners bemoan state of gold industry
  • Sports

Click links below to view the news videos:

Pilot claims he forgot he had US$600,000 on his jet  Posted: 27 Nov 2014 01:09 PM PST

Questions raised about Exec Jets operations at CJIA  Posted: 27 Nov 2014 01:08 PM PST

AFC wants full investigation into operations of Exec Jets  Posted: 27 Nov 2014 01:07 PM PST

Small miners bemoan state of gold industry  Posted: 27 Nov 2014 01:06 PM PST

Sports   Posted: 27 Nov 2014 01:00 PM PST

Guyana to earn US$960 million from 17-year Aurora gold mine

Guyana to earn US$960 million from 17-year Aurora gold mine

Wednesday, 01 October 2014 – Written by  Demerara Waves

Pres. and CEO of Guyana Goldfields, Scott Caldwell.

Pres. and CEO of Guyana Goldfields, Scott Caldwell.

Guyana is expected to earn US$960 million in royalty and other taxes from the Aurora goldmine owned by the Canadian company during the first 17 years, Guyana Goldfields Inc; according to a senior company official.

Speaking at the re-launch of the Guyana Mining Toolkit, the President and Chief Executive Officer of Guyana Goldfields, Scott Caldwell said the mine is expected to produce US$150,000 ounces of gold per year beginning late 2015.    Continue reading

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