Latest update December 2nd, 2024 1:00 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

Guyana expects Manganese Production by 2019

Jul 27, 2017 News

By the end of 2019, Guyana is expected to commence the production of manganese.
According to the Minister of Natural Resources, Raphael Trotman, before the fabrication of construction can commence at the Matthews Ridge, Region One mining site, the Chinese company Bosai needs to continue undertaking introductory works.
Minister Trotman informed the Department of Public Information (DPI) that preparatory works are planned for the concluding part of this year and is inclusive of a “wharf facility at Port Kaituma” and the improvement of roads from Port Kaituma to Pipiani and Matthews Ridge, along with advancement for the mines in the ore extraction. In addition, infrastructural works will be done to promote the procedure.
Bosai is anticipating employing a maximum of 1,200 people to participate while the construction is ongoing and 400 employees when the actual operation begins. The company while in production expects to “ship” some 350,000 tonnes of manganese annually.
Years ago, Manganese was mined in Guyana, also in Region One. A Subsidiary of Reunion Gold Corporation, Reunion Manganese Incorporated, has spent over US$50million to further describe what it described as a “world-class manganese deposit in Matthews Ridge.
According to the DPI, “There is an initial 10 million tonnes of concentrate with the potential to double with the addition of the satellite site of Pipiani.”
Reunion Gold Production, a Canadian Company that was developing the mine sold the project to Bosai Minerals Group Co. Limited, in November 2016.
Bosai agreed to pay Reunion US$10 million of which US$5 million would be payable at closing and US$5 million to be paid at the rate of US$2.00 per tonne of manganese concentrate or ore shipped from Matthews Ridge once it enters into production.

Similar Articles

The Glenn Lall Show | November, 20th, 2024

Follow on Tik Tok @Glennlall

 

THE BLUNT OF THE DAY

Sports

Wharton’s brilliance propels Chase’s Academic to another Republic Bank U18 title

Wharton’s brilliance propels Chase’s Academic to another Republic...

Dec 02, 2024

Kaieteur Sports- Chase’s Academic Foundation reaffirmed their dominance in the Republic Bank eight-team Under-18 Football League by storming to an emphatic 8-1 victory over Dolphin Secondary in the...
Read More
Seales’ 4 for 5 gives West Indies control as Bangladesh fold for 164

Seales’ 4 for 5 gives West Indies control...

Dec 02, 2024

WARRIORS BOUNCE BACK AGAINST HAMPSHIRE

WARRIORS BOUNCE BACK AGAINST HAMPSHIRE

Dec 02, 2024

Victoria go top with second win

Victoria go top with second win

Dec 02, 2024

GFF and Namilco officially launch Maid Marian Wheat Up Women’s Cup

GFF and Namilco officially launch Maid Marian...

Dec 02, 2024

GFF celebrates the successful completion of Georgetown Girls’ Football Festival

GFF celebrates the successful completion of...

Dec 02, 2024

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]