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Guyana Gold Fields investment important to country’s economy
– President Ramotar
Head of State, Donald Ramotar along with Canadian High Commissioner to Guyana, Nicole Giles and several other Cabinet members yesterday visited the Guyana Gold Fields, Aurora Cuyuni operations.
A GINA release stated that the delegation included Minister of Natural Resources and the Environment, Robert Persaud, Finance Minister, Dr Ashni Singh, Works Minister Robeson Benn, and Chairman of the Guyana and Geology and Mines Commission, Clinton Williams among others.
Chief Executive Officer of the mining operation, Scot Cladwell and several of his managers welcomed the delegation on site and treated them to a guided tour of the location.
Head of State, Donald Ramotar and Minister of Public Works Robeson Benn being briefed by Chief Executive Officer Scot Cladwell
After a detailed tour of the many sites, which are all in their construction phase, and being updated on the progress of works, the Head of State said the investment is welcomed by the administration.
“Investment in our society is important for the creation of wealth and jobs. Some of you who follow our policies you would see we invest a lot in our social sector.”
Investing in the social sector, the President said is a deliberate strategy on the administration’s part, when one takes into consideration the time and conditions under which residents live.
“We think this is one of the best ways by which we can redistribute wealth, and therefore we want to invest in such and the wealth that is created from it so that our people can benefit from it.”
The Head of State pointed out that a significant part of the budget is channelled into the social sector with education taking the largest portion.
“It has been said, and I believe it has been proven that the best way to enhance and improve your country is investing in your people and this is what we are doing, by investing in education, social services, health and housing where people are owning their own homes.”
The President also reiterated that the Guyana Gold Field’s investment in the local economy is important, as it will aid in the administration’s continuous effort to fight against poverty and create a more solid Guyana.
Pres. Donald Ramotar interacting with a worker during the tour of Guyana Gold Fields Inc, Aurora
“This also reflects the times we are living in, the globalisation that is taking place, the fact that we have not only Guyanese, but people from, Australia, Peru, Canada, the United Sates; we have an international family which in many ways reminds us we are one humanity, with one objective trying to have a better world.”
Meanwhile the Head of State also pledged the administration’s continued support in whatever tangible way needed to help build the company as it seeks to benefit Guyanese.
“We will continue to try our best to offer support so that we can have full cooperation we welcome this investment, we think it’s a good story to tell, hope it can make a major contribution itself, but it benefits all of Guyana.”
Also on the occasion the CEO of the Company thanked the team for the interest shown as he assured them that the works are progressing smoothly and on target.
According to Cladwell, actual mining is expected to commence by July of 2015 with an expected commercial production of 14,000 to 15,000 ounces per month.
The official launch is expected to be held in June of 2015 as the company seeks to maximise this operation to the benefit of not only themselves, but for Guyanese and the economy.
The CEO also assured the team that the company continues to place safety high on its agenda as they operate under the strictest safety regulations.
It was also noted that the operation will be carried out using world class technology, as well as mercury free methods.
Guyana Goldfields Inc. is a Canadian based mineral exploration company, primarily focused on the exploration and development of gold deposits in Guyana, South America where the company has operated since 1996.
The company is currently undertaking drilling and studies to advance and develop the Aurora Gold Project in Guyana with a current measured and indicated resource of 5.71 million ounces gold (47.04 million tonnes at a grade of 3.83 g.
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