Tag Archives: Guyana: Major gold mining companies ignite plans for underground mining

Guyana: Major gold mining companies ignite plans for underground mining

Guyana: Major gold mining companies ignite plans for underground mining

GGMC Commissioner, Newell Dennison

– Guyana still to set up necessary framework

Guyana is moving in a direction of underground mining at magnitudes never done in the country’s history. However, the Guyana Geology and Mines Commission (GGMC) is still to put all the necessary measures in place to monitor this sort of mining that is considered “more hazardous than open pit mining.”

Recently, CANADA-based gold-mining company, Guyana Goldfields Inc. announced that it will be investing an initial sum of US$120M to develop an underground mine at its Aurora Gold Mine.  

Kaieteur News was also reliably informed that Troy Resources, another big player in the mining industry, is moving in the same direction.     Continue reading

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