Category Archives: Mining

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

Guyana Gold routes -click to enlarge

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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.

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

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

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

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

GUYANA: Politicians and gold mining madness in the hinterland

GGMC Logo

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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.

GUYANA: Chinese owner of Aurora Gold Mine (AGM) ditches local contractors

—- applies to bring in hundreds of Chinese workers

The AGM mines in Cuyuni, Region Seven

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

Guyana: Geography: The Savanna Region – Part 4 of 4

The Savanna Region – Geography of Guyana – Part 4 of 4
–A Documentary …. by Lal Balkaran
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This is the fourth and final documentary on the Geography of Guyana in text and pictures that focusses on the fourth natural region known as the Savanna Region. It is over 25 minutes of viewing and consists of six maps, over 200 lines of text, and almost 100 photographs, the majority of which are stunning. The documentary profiles and captures the way to look at this region – both physical, political, economic, cultural, and human.          Continue reading

GUYANA: Chinese company completes acquisition of Guyana Goldfields

Zijin Mining Group Co. Ltd. (CNW Group/Zijin Mining Group Co. Ltd.)
Zijin Mining Group Co. Ltd. (CNW Group/Zijin Mining Group Co. Ltd.)

Chinese miner, Zijin Mining Group Co. Ltd and Canadian miner, Guyana Goldfields Inc (GGI) today  announced the conclusion of their arrangement where Zijin acquired all of the issued and outstanding common shares of the Region Seven-based company.

In a release today the two announced the completion of the previously announced statutory plan of arrangement under the Canada Business Corporations Act.    Continue reading

BUSINESS: GOLD: After Covid-19; just how high will prices go in the 2020 gold rush?

The precious metal has passed $2,000 an ounce and analysts believe it will rise a lot further

Rupert Neate Wealth correspondent –Thu 6 Aug 2020 15.27 BST – The Guardian

 In the five trading days to 3 August the total volume of gold traded was 251m ounces, worth £133bn. 

The price of gold soared to a record $2,047 (£1,538) on Wednesday as investors panicked by fears of a second wave of the coronavirus pandemic rushed to buy the yellow metal as a safer place to store their wealth.

The gold price has risen by 34% since the start of the year, and this week broke through the $2,000 an ounce barrier and kept rising, as investors worry about Covid-19, as well as rising geopolitical tensions and the weakening of the US dollar.      Continue reading

AFRICA: Wake UP CALL: Still Colonies Controlled – By Design – By European Nations – VIDEO

MUST WATCH, finally FRANCE Signed to STOP Africa Countries to Deposit fund with France central bank

Premiered Jul 27, 2020

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Chinese mining firm to acquire Guyana Goldfields Inc for Cdn$323 million

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Zijin Mining Group Co., Ltd and Guyana Goldfields Inc (GGI) today announced that they have entered into a binding arrangement agreement  pursuant to which Zijin will acquire all of the outstanding common shares of Guyana Goldfields for cash consideration of C$1.85 for each Guyana Common Share, valuing Guyana Goldfields at approximately C$323 million.      Continue reading