GuySuCo Second Crop 2011
By Tony Vieira – Aired 21 November 2011 – Commentary
In my commentary GuySuCo 2011 First Crop which was first aired on June 19th 2011, I said quote “In the press release by CEO Bhim on the 29th March 2011 GuySuCo’s production at that time according to him was 47,000 tons against an estimated first crop production of 138,793 tons and that he was confident that he will achieve his target. As usual he didn’t”!
In a marathon first crop of 23 weeks up to week ending 9th June 2011, GuySuCo achieved its weekly target only twice, in week 4 and in week 16. And at the end of the crop they produced not the estimated 138,793 tons but around 105,000 tons i.e. about 75% of what they were supposed to produce. At that time [29th March 2011] GuySuCo’s Chairman Bhim told the nation that his annual 2011 projection was to produce 305,000 tons.
I observed in my commentary the following; quote “Since the 2010 year produced only 220,000 tons of sugar, Bhim did not elaborate on how he was going to achieve 305,000 tons in 2011” no one, and I mean no one can produce 220,000 one year and 300,000 tons the very next year, I also said this quote “we still have the Skeldon SSMP problem which is still a massive white elephant so expecting more than 260,000 tons this year based on the performance so far whilst not impossible, is not probable” I was right. Since as of the end of October 2011 the second crop only produced 96,931 tons to the end of October, so we have only produced around 200,000 tons for the year so far and the rains are upon us now. It is therefore unreasonable for us to produce 280,000 tons for 2011 and it is looking more like my 240-260 thousand ton estimate as more realistic as usual. Continue reading →
Water versus gold at Port Kaituma – commentary
Water versus gold at Port Kaituma
Mining for gold
SEPTEMBER 8, 2014 · Stabroek News – Editorial
Two weeks ago, residents of Port Kaituma and nearby areas began to complain bitterly about the pollution of their water supplies by miners working upstream. In the past few years such complaints from various parts of the country have been numerous and a reflection of the wanton disregard of miners for the riparian rights of citizens in these areas. Miners have become emboldened by the increasing weight of the economy attributable to their mineral returns and the ineffectiveness of the government and its regulatory bodies at reining in environmental pollution.
How did the government respond to the concerns of the Port Kaituma residents? Well, it seems that the Minister of Natural Resources Robert Persaud had been in the area for mining week activities and upon hearing of the concerns he announced that the ministry would make available G$80m (US$400,000), to the Guyana Water Inc (GWI) for the construction of a water treatment plant. Continue reading →
Share this: