Category Archives: Mining

ExxonMobil’s contract will yield more royalties than gold – Business Minister Dominic Gaskin

ExxonMobil’s contract will yield more royalties than gold annually

Dominic Gaskin Business Minister

Demerara Waves– March 6, 2018 – In the face of persistent criticisms of the Guyana-ExxonMobil agreement, Business Minister Dominic Gaskin on Tuesday railed against critics who see the deal as “chicken feed”, instead saying that it would yearly earn the country more than gold.

Addressing the opening of a Private Sector Commission- organised seminar under the theme “Oil and Gas in Guyana: Perspectives in Guyana”, Gaskin said he had no problem with criticisms of the contract but contended that comparisons with Ghana and Uganda amounted to “incomplete and misleading” information.    Continue reading

Electric cars will come of age in 2018 | Oil Markets could be wrecked – 2 videos

The Economist – October 18, 2017

Electric cars will come of age in 2018 | The Economist

Electric cars will come of age in 2018. For the first time they will compete in price and performance with petrol and diesel cars. But in the year ahead we will also be confronted with some uncomfortable truths about going electric.

********   Video # 2 Below  ********

Electric Cars Could Wreak Havoc on Oil Markets Within a Decade   Continue reading

Oil-producing Guyana; growth rate may jump to 38.5 percent- IDB, IMF

Fewer soft loans for oil-producing Guyana; growth rate may jump to 38.5 percent- IDB, IMF

IDB Headquarters Washington. DC.

Posted by: Denis Chabrol Demerara Waves December 20, 2017

The Inter-American Development Bank (IDB), in announcing its approval of Guyana’s four-year country strategy, has cautioned that the country would eventually not be eligible for a lot of international concessional financing when it becomes an oil-producer.

“As Guyana transitions to oil and gas production by mid-2020, it is expected that the country will likely see reduced access to concessional resources from the multilateral development banks. This means that the next four years are particularly important for the IDB’s long partnership with Guyana,” the bank states.   Continue reading

Guyana: Gold Board rakes in over US$700M in 2017

Guyana: Gold Board rakes in over US$700M in 2017

December 19, 2017. – Kaieteur News

The gold industry has recorded another good year.
During the recent Budget 2018 Debates, Minister of Natural Resources, Raphael Trotman said that gold continues to shine in Guyana and is contributing heavily to the economy.

Addressing the Speaker of the National Assembly, Dr. Barton Scotland, Trotman noted that for 2017, the Ministry of Natural Resources projected a gold declaration target of 700,000 ounces which when calculated, is on par with the previous year’s declaration.      Continue reading

Guyana: Welcome to Bartica | An interview with the Mayor of Bartica – video

NOVEMBER is TOURISM AWARENESS MONTH in GUYANA

Guyana: Welcome to Bartica | An interview with the Mayor of Bartica – video

Raphael – Published on Oct 17, 2017
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Silicon Valley siphons our data like oil. But the deepest drilling has just begun

Silicon Valley siphons our data like oil. But the deepest drilling has just begun

A Facebook Storage Facility in Sweden

Personal data is to the tech world what oil is to the fossil fuel industry. That’s why companies like Amazon and Facebook plan to dig deeper than we ever imagined

What if a cold drink cost more on a hot day?

Customers in the UK will soon find out. Recent reports suggest that three of the country’s largest supermarket chains are rolling out surge pricing in select stores. This means that prices will rise and fall over the course of the day in response to demand. Buying lunch at lunchtime will be like ordering an Uber at rush hour.

This may sound pretty drastic, but far more radical changes are on the horizon. About a week before that report, Amazon announced its $13.7bn purchase of Whole Foods. A company that has spent its whole life killing physical retailers now owns more than 460 stores in three countries.

Read more:  https://www.theguardian.com/world/2017/aug/23/silicon-valley-big-data-extraction-amazon-whole-foods-facebook

More American Troops to Afghanistan, To Keep the Chinese Out? – various articles

More American Troops to Afghanistan, To Keep the Chinese Out? Lithium and the Battle for Afghanistan’s Mineral Riches

By Prof Michel Chossudovsky – Global Research, August 24, 2017

Afghanistan

Trump calls for escalation of the war in Afghanistan. Why? Is it part of the “Global War on Terrorism”, going after the bad guys, or is it something else? 

Unknown to the broader public, Afghanistan has significant oil, natural gas and strategic raw material resources, not to mention opium, a multibillion dollar industry which feeds America’s illegal heroin market. 

These mineral reserves include huge veins of iron, copper, cobalt, gold and lithium, which is a strategic raw material used in the production of high tech batteries for laptops, cell phones and electric cars.    Continue reading

Oil will not fall victim to vicious ‘friends and family’ culture – Trotman promises

Oil will not fall victim to vicious ‘friends and family’ culture – Trotman promises

The mining, forestry, and broadcasting sectors, among others, have been victims of an

Minister of Natural Resources, Raphael Trotman

unscrupulous culture. It is a culture which sees the close friends and families connected to government officials benefitting from revenue and/or resources which are intended for the benefit and development of the state and its people.

But this culture is not unique to Guyana. It is particularly prevalent in the oil and gas sectors around the world. As Guyana prepares for this new industry which is poised to bring gushing streams of revenue, Minister of Natural Resources, Raphael Trotman is assuring that the Government is going above and beyond to insulate the oil sector from corruption.    Continue reading

Guyana’s Gold Sector is Booming – 700,000 ounces projected for 2017

Guyana’s Gold Sector Shines

GEORGETOWN, Guyana, Thursday August 10, 2017 – It’s been a golden year so far for Guyana’s lucrative gold sector.

Industry experts say production is booming and the country is well on track to meeting its targets for 2017.

According to officials, just seven months into the year, more than 360,000 ounces of gold have been produced, earning just above US$450 million in revenue.

Figures released show that as of July 31, this year, a total of 367,861 ounces had been declared.

Officials say this puts the country well on track to meeting its target of 700,000 ounces of gold and already surpasses last year’s output which had been set at 600, 000 ounces.      Continue reading

Guyana- Capitol TV News Videos – 07 Jun 2017

Guyana- Capitol TV News Videos – 07 Jun 2017 

The Guyana Gold and Diamond Miners Association today voiced it’s concerns with a team from the opposition PPP/C

Posted: 07 Jun 2017 06:09 PM PDT

Several persons who were detained and arrested during a raid of the Kaieteur National Park are now contemplating, how they will find their way back to Amatuck Top in the Potaro River.

Posted: 07 Jun 2017 06:07 PM PDT

The Mining sector will be receiving a boost, with a possible investment from a Chinese company

Posted: 07 Jun 2017 06:04 PM PDT

Georgetown City Council prepares to reduce flooding during the upcoming rainy season – blocked drains a problem

Posted: 07 Jun 2017 05:31 PM PDT

42-year-old, Reagan Rodrigues AKA “Grey Boy” has been discharged for a third time in the murder case of Political Activist, Courtney Crum Ewing. However, he has been rearrested by the police

Posted: 07 Jun 2017 05:12 PM PDT

Police presence has been beefed up at the Sophia Juvenile Detention Centre, after an inmate burnt a mattress last evening which left several detainees hospitalized

Posted: 07 Jun 2017 06:15 AM PDT

In sports, the National under 15 Football team was awarded for winning a regional tournament

Posted: 07 Jun 2017 06:14 PM PDT

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