Latest update February 3rd, 2025 7:00 AM
Latest News
- Govt. assures Exxon not hiding true oil data
- Sheriff Holdings distances self from convicted fraudster Ed Ahmad over suspicious Ogle land deal
- Trump says Americans could feel ‘pain’ in trade war with Mexico, Canada, China
- Soesdyke man killed after car crashes into truck
- Patterson pillories govt. for reckless spending of oil money
Govt. urges Goldfields to resolve internal issues -pushes for underground mining
The Government is urging that Guyana Goldfields continue to push its development of the Region Seven underground mining.
The Government of Guyana says that it welcomes the planned underground mining project to be undertaken by Canada-based company, Guyana Gold Fields Inc. as one of the flagship projects in the natural resources sector for 2019.
The other flagship projects are bauxite mining at Bonasika in Region Three and manganese mining in Matthews Ridge, Region One.
“The Government, through the Ministry of Natural Resources, and agencies, the Guyana Geology and Mines Commission and the Environmental Protection Agency, is reviewing the company’s plan to advance the underground exploration to potentially upgrade and expand the current resource and unlock the Aurora deposit’s full potential,” according to the government statement.
Aurora has a total gold reserve of 6.25 million ounces in the measured and indicated categories, as well as an additional 1.79 million ounces in the inferred category.
“The prospective underground operations are aimed at extracting more than two million ounces. The mine plan has since been approved by the Guyana Geology and Mines Commission and the sister Agency, the Environmental Protection Agency (EPA), has rightly called for an updated Environmental Impact Assessment to ensure an underground mining operation of world-class specifications. All indications are that this review process is proceeding well.”
Meaning, the Government takes serious note of the internal issues within the company and is concerned about the negative impact on the company’s production and overall well-being and places on record its expectation that these internal matters will be resolved soonest and in the best interest of all.
“The Government continues to recognize the great role mining plays in our nation’s social and economic development. In this sense, the GOG will continue to promote the sustainable use of our country’s natural resources noting that it will aid in the creation of jobs and enhance sustainable investments in all aspects of our society.”
Similar Articles
THE BLUNT OF THE DAY
Sports
Features/Columnists
The PPP/C’s greatest liability
Peeping Tom Kaieteur News- One might have expected that a ruling party basking in the largesse of oil wealth would chart... more
OAS Secretary General Election and renewed OAS Consensus
Antiguan Barbudan Ambassador to the United States, Sir Ronald Sanders By Sir Ronald Sanders Kaieteur News- The upcoming election... more
Weekend Cartoon
