Category Archives: Mining

Guyana: Underground exploration underway at Aurora Gold Mine

August 28, 2019 – 8:08 am

Minister of Natural Resources, Raphael Trotman (right) makes his way out of the underground tunnel at AGM where exploration is currently taking place. (DPI photo)

Guyana Goldfields Incorporated, owner of Aurora Gold Mine has commenced what is being described as successful underground exploration at its north-west Mazaruni location.      Continue reading →

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Guyana Goldfields workers call off strike at Aurora mine

July 6, 2019 – 2:49 am

Posted by: Denis Chabrol – Demerara Waves- July 5, 2019

Guyana Goldfields Inc. announced Friday that the work stoppage at its Aurora mine that began on July 2 has ended, paving the way for union and the Ministry of Labour representatives to meet with aggrieved workers.

“Employees are starting to return to work in a phased approach to ensure orderliness and full production is anticipated to resume shortly,” the company said in a brief statement.

Guyana Goldfields said as a result of the three operational days lost, the company estimates that approximately 22,500 tonnes were not processed. However, full year production guidance remains unaffected at 145,000 to 160,000 ounces of gold.              Continue reading →

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Guyana Goldfields Inc suspends operations at Aurora mine after strike

July 4, 2019 – 12:09 am
Guyana Goldfields Inc’s Aurora gold mine Region Seven. (GGI photo)

Canadian miner Guyana Goldfields Inc today announced a suspension of operations at its Aurora, Region Seven mine site after a `wild cat’ strike.

In a statement, Guyana Goldfields said that a section of the workforce employed by the Company’s wholly owned subsidiary, AGM Inc. has blocked delivery of ore to the mill.          Continue reading →

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Guyana ranked ‘fastest growing economy in the world’ – NASDAQ

June 29, 2019 – 6:00 am

 Jun 29, 2019  News

Guyana has taken the lead as being the country with the fastest growing economy in the world. This is according to a report by the National Association of Securities Dealers Automated Quotations Incorporated (NASDAQ).

The NASDAQ stock market is known to the world as a popular American Stock Exchange Market. It is in fact, the second largest stock exchange corporation in the world by market capitalization, just shadowing behind the New York Stock Exchange.

Guyana has had a projected growth rate of 16.8% during the four- year period of 2018-2021, which has led investigators of the stock exchange giant to the conclusion that the country is currently the fastest growing economy in the world.        Continue reading →

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Canadian business chamber to open doors in Guyana amid oil, gold rush

June 25, 2019 – 12:38 pm

Posted by: Denis Chabrol in – Demerara Waves – June 24, 2019

Canada’s High Commissioner Guyana, Lilian Chatterjee, President David Granger and Minister of State, Dawn Hastings at Canada Day 2019 reception.

Canada on Monday announced plans to established a business chamber in Guyana, as several Canadian companies step up preparations to search for oil offshore the South American nation.

Canada’s High Commissioner to Guyana, Lilian Chatterjee made the announcement at a reception at the Marriott Hotel to mark her country’s 152nd anniversary since three provinces came together to form that North American country.        Continue reading →

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Border mining areas affected by fuel shortage in Venezuela

May 30, 2019 – 10:41 am

 [May 29, 2019  News:]   Several parts of the hinterlands areas are complaining bitterly about a fuel shortage with residents and miners alike yesterday calling for Government to intervene.

The Eteringbang area, near Venezuela

The situation appears to be occurring in the Cuyuni, Region Seven, nearer to the Venezuela border, and in areas of Region One.

The situation would be blamed mainly on the problems of supply in Venezuela, from where dealers have been buying.    Continue reading →

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Guyana Bauxite: RUSAL-BCGI management finally recognises union

March 13, 2019 – 12:19 am

Russian company to begin talks with Union on 15 March 2019

Posted by: Demerara Waves in Business, Industrial Relations, Mining Industry, March 12, 2019

RUSAL-BCGI workers at Aroaima.

The management of United Company Russian Aluminium (UC RUSAL)-controlled Bauxite Company of Guyana Incorporated (BCGI) on Monday decided to recognise the Guyana Bauxite and General Workers’ Union (GB&GWU), paving the way for the two sides to open negotiations on outstanding grievances.

“The issue of recognition is not on the table. The company has made it clear that this is the recognised union and we have to work in the interest of the workers, in the interest of the company, in the interest of the nation,” GB&GWU General Secretary, Lincoln Lewis told reporters after another round of talks presided over by the Ministry of Social Protection’s Department of Labour.  Continue reading →

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Guyana Gold Board wants to buy “all gold” directly from miners

February 28, 2019 – 9:42 am

Posted by: Denis Chabrol in Demerara Waves, February 25, 2019

The state-owned Guyana Gold Board (GGB) is further decentralising its operations by deploying roving representatives in mining communities, General Manager Eondrene Thompson announced Monday.

The GGB’s main office is located in Georgetown and a satellite office in Bartica, in addition to agents who are licensed dealers. But Thompson said her entity wants to buy all of the precious yellow metal being produced here.      Continue reading →

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Guyana: Bauxite Company RUSAL fires 61 workers with immediate effect

February 19, 2019 – 12:24 am

Stabroek News – 18 February 2019

-fails to attend Labour Dep’t conciliation meeting

The Bauxite Company of Guyana Incorporated (BCGI), which is controlled by Russian Aluminium (RUSAL), today fired 61 striking workers and its management refused to attend a scheduled conciliation meeting at the Department of Labour.

It was after the meeting that Sheldon Thomas, a representative of the Guyana Bauxite and General Workers’ Union (GB&GWU) revealed that the workers were dismissed.

Thomas explained that a notice was issued to the workers identifying the 61 workers who were dismissed with immediate effect. He also said over 100 workers are on strike.         Continue reading →

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Guyana: MADHIA The GOLD TOWN – By Dmitri Allicock

January 18, 2019 – 12:11 am

READ MORE : Go to the Dmitri Allicock Blog

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