Category Archives: Mining

OPINION: Healing Guyana’s Socio-Political and Economic Ills – Part 2 of 2

03/17/2021 – 12:25 am
 Written by Wilberne Persaud – wiredja.com

 MIAMI,  Florida, March 10, 2021 – Guyana’s 78.3 thousand population occupies a land mass of 83,000 sq ml, compared to Singapore’s 279.6 sq ml with 5.7 million population and England’s 50,301 sq ml with population 56.3 million.

Respectively, 2019 GDP numbers in current US dollars are: $5.1 billion; $372 billion and $2.8 trillion.* Consider the charts below. Singapore almost disappears in the size category. Guyana actually does in GDP (income) category — too small for scale!        Continue reading →

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GUYANA: Canadian company finds high-grade gold in Toroparu mine

02/25/2021 – 12:10 am
The Toroparu project – launches phase 2 drilling project

Gold X Mining, a Canada-based company which operates the Toroparu mine in Guyana, has announced that it found high-grade gold during its recently concluded diamond drill programme, resulting in the company launching phase two of its drilling.

In a statement on February 23, the company was able to use historical drill data to encounter “significant” gold concentrations within and below the Toroparu main resource pit. According to the company, these gold structures are likely to be accessed by shallow and underground mining.      Continue reading →

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GUYANA: Small and medium scale miners rake in US$808M in export earnings – GGDMA

02/07/2021 – 12:09 am

Kaieteur News – Guyana’s small and medium scale miners have accounted for more than 80% of the country’s gold production for 2020, raking in approximately US$808,587,118 in export earnings.

The Guyana Gold and Diamond Miners Association (GGDMA) in a congratulatory statement outlined that the small and medium scale miners achieved a production of 485,552 ounces of gold for 2020.        Continue reading →

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TED Video: The Utilization of Western NGOs for the Theft of Africa’s Vast Resources

02/03/2021 – 12:03 am

The Utilization of Western NGOs for the Theft of Africa’s Vast Resources

TED-x- Berlin – Excerpt from Talk by Mallence Bart Williams

The following in an excerpt from a lecture given by Mallence Bart Williams in 2015 (TEDxBerlin). “One thing that keeps me puzzled, despite having studied finance and economics at the world’s best universities, the following question remains unanswered. Why is it that 5,000 units of our currency is worth one unit of your currency where we are the ones with the actual gold reserves?  It’s quite evident that the aid is in fact not coming from the West to Africa but from Africa to the Western world.          Continue reading →
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Guyana: Mining: Omai finds high-grade gold underground – in abandoned pit

12/17/2020 – 12:09 am
  — To launch drilling campaign next year

December 16, 2020 – – INews Guyana

OMAI Gold Mines. Guyana

Omai Gold Mines Limited (OGML), which returned to the Wenot and Fennell pits at the Region Seven (Cuyuni-Mazaruni) site earlier this year after leaving Guyana in 2015, will soon be pressing forward with a 5,000-meter drilling programme after finding gold 150 meters below the depth at which the pit was previously mined.

The promising findings emanate from assays done on untested cores from a 2012 drilling programme that were preserved by the Guyana Geology and Mines Commission (GGMC).      Continue reading →

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GUYANA: Gold Mining: Mercury- The toxic metal in the shadow of the gold industry

10/09/2020 – 12:11 am

Guyana Gold routes -click to enlarge

By – 

This story has been published as part of “Mercury”, a project led by InfoAmazonia in partnership with Stabroek News and outlets from several countries, including TV Globo (Brazil) and Armando Info (Venezuela). The entire production was supported by the Rainforest Journalism Fund of the Pulitzer Center and the IUCN National Committee of The Netherlands. To learn more, please visit: https://mercurio.infoamazonia.org/en

By Bram Ebus and GI Sutherland

It’s late in Corriverton, a small village on the western bank of the Corentyne River, the waterway that separates Guyana from Suriname. But a few local boatmen, who shuttle people and contraband across the river, are still hanging around in front of the village brothel, drinking beers and smoking weed while chatting with the sex workers who’ve come out for the night. Most of the women are Venezuelan refugees who fled the crisis in their home country or were trafficked abroad.

READ MORE
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OPINION: The Hidden History of Canada’s Influence and Interference in Guyana

09/30/2020 – 12:05 am

Canadian corporations have played a role in neoliberal economic restructuring in the small South American country

Yves Engler / Canadian Dimension

Reflecting an extreme imbalance in power, people in Guyana are well informed about Canadian activity in their country, but our media seldom mentions the small nation on South America’s North Atlantic coast. 

As such, it was a positive sign to see the CBC and the Calgary Herald report on former Alberta Premier Alison Redford’s recent appointment to lead a review of the oil sector in the former British colony, which sits between Venezuela and Suriname on the northeastern tip of South America.

The industry friendly Redford will head a team of Canadian consultants to review Exxon Mobil’s massive planned project at the proposed Payara oil well that has been criticized for low royalty rates.  Continue reading →

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Aurora Gold denies bringing in scores of Chinese workers; ditching local contractors

09/25/2020 – 12:41 am

 Sep 24, 2020  News

AGM Inc., Peter Benny,

The new management of Guyana’s biggest gold mining operations has denied that it is bringing in more than 200 Chinese workers.

AGM’s Director of Corporate Office, Compliance and Government Relations AGM Inc., Peter Benny,  denies news report.

The company also denied it has sidelined locals and will be utilizing the service of the Chinese contractor here to move mining materials and be part of the operations.

The issue was reported by Kaieteur News over the weekend.      Continue reading →

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GUYANA: Politicians and gold mining madness in the hinterland

09/23/2020 – 12:10 am

GGMC Logo

By

The news earlier this week that the Guyana Geology and Mines Commission (GGMC), has fined a Brazilian gold miner G$12 million (app $60,000 US), for allegedly committing several environmental transgressions in pursuit of his mining activities, including destroying a section of the Cuyuni River bank, would by now have gotten left behind amidst the various other issues that compete for public attention at this time.

Perhaps more to the point is the fact that the fine imposed represents proverbial ‘chicken feed’ compared to the likely overall value of the precious metal extracted by the Brazilian miner and almost certainly repatriated back into Brazil, but definitely not having done anything for this country’s economy.
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GUYANA: Chinese owner of Aurora Gold Mine (AGM) ditches local contractors

09/21/2020 – 12:46 am

—- applies to bring in hundreds of Chinese workers

The AGM mines in Cuyuni, Region Seven

Sep 20, 2020  News

The Private Sector Commission (PSC) has written to President Irfaan Ali asking for his intervention in a case involving Aurora Gold Mine (AGM).

According to officials, the company has applied to bring in over 200 Chinese workers for that Region Seven mine, the biggest gold mining operations in Guyana.The company was fully taken over by Chinese-owned Zijin Mining Group Company last month and already the signs are not encouraging for local businesses.          Continue reading →

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