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Diamond production shines for first half

Aug 28, 2013 News

 

Guyana’s mining industries have shown significant growth, for the first half of the year, with diamond production increasing by almost 54% compared to the same period last year.
The quantity of gold declared from January to July 2013 showed expected growth at 23.23% over the same period.
However, bauxite production from January to July of 2013 dropped, but is expected to pass last year’s total production, despite community and industrial relations stoppages. These disclosures were made by Minister of Natural Resources, Robert Persaud, during the opening of Mining Week 2013.
Stone output increased by over 17% while sand stood at 18%.
Gold mining continued to maintain its position as the biggest producer of the mining industry in 2012, accounting for 78.2% of the total value of mine output. The value of gold produced,
some $137B, increased by 28.9 percent over 2011. Bauxite at $31.697B, accounted for 18% of the total mine output while diamond contributed $1.468B, quarry stone $3.338B and sand $1.815B.
According to the Minister, last year, mining and quarrying employed in excess of 20,000 directly.
“We should not overlook the fact that minerals and mining are fundamental building blocks of our economy under a future low carbon economy. In addition to managing their own emissions, the mining and minerals industry also makes a broader contribution in providing the minerals and metals required for the transition to a low carbon economy.”
Persaud pointed to a number of mining companies actively exploring ways to reduce greenhouse gas, research low carbon energy technologies and improvements in transportation systems and building infrastructure.
“In Guyana, this is being explored by Reunion Manganese, BOSAI Mineral Group Guyana Inc. and Sandspring Resources Inc., all of whom are seeking investment in alternative renewable energy sources including hydropower.”
However, with uncertainty over the early realization of the Amaila Falls hydro project, BOSAI is exploring, with some urgency, the use of clean coal for the production of 50 megawatts of power.

 

 

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