Gold and Diamonds. The bauxite sector attracted foreign investment in the late 1980s because companies knew about Guyana's vast reserves and the country's previously formidable production capacity. Gold mining, in contrast, attracted more speculative investment from companies eager to explore the country's neglected potential.

The gold mining subsector is projected to recover and grow by 12.7 percent in 2023. The bauxite subsector is projected to grow by 9.8 percent. The other mining and quarrying …

AFP. Guyana's economy has boomed in recent years, aided by the discovery of offshore oil deposits. President of Guyana Irfaan Ali has acknowledged "time is not on our side" as the South American ...

OMAI Gold Mines Corporation has found more gold in Guyana, this time at its Broccoli Hill pit in Region Seven (Cuyuni-Mazaruni). A press release from the …

The Fraser Institute's 2016 Annual Survey of Mining listed Guyana as the third best mining jurisdiction with regards to investment attractiveness in the Latin America and Caribbean Basin sub-group.

Guyana Goldstrike Inc. (the "Company" or "Guyana Goldstrike") (TSXV:GYA, OTC:GYNAF, FSE:1ZT) is pleased to provide chip-channel assay results from the Company's exploration program at ...

Southern Star Central Gas, US. Southern Star Central Gas is a 9,382km-long onshore pipeline project operated by Southern Star Central Gas Pipeline. This gas pipeline, with a maximum diameter of 36 inches, starts at Oklahoma (the US) and ends in Wyoming (the US). The Southern Star Central Gas project started operations in 1904 …

INVESTMENTS in Guyana's traditional sectors and the need for economic diversity remain paramount, even as this country moves forward with its new-found "oil wealth," Minister of Natural Resources, Vickram Bharrat has said, as he outlined his ministry's plan to increase investments in the local mining and forestry sectors. Minister …

As part of the investment, Gold Fields will receive around 38.5 million shares in Great Southern valued at $63,801.5, equating to around 5.4% of its share capital. Each of the shares is priced at $0.01659. After investing A$15m, Gold Fields will earn an option to acquire a 75% stake in the project, while the remaining 25% will be held by Great ...

Guyana's gold royalty stands at 8 percent and corporate entities are taxed at either 40 or 25 percent. Applications for prospecting and mining licenses must be sent to the GGMC. With an approved mining license investors are allowed free importation of equipment, supplies and materials to be used for gold production.

The world's fastest-growing economy is on track for more than growth, largely fueled by profits from its oil production and export sector. Guyana, a country in South America with a ...

August 22, 2021. As the Guyana Geology and Mines Commission (GGMC) continues to pursue the goal of achieving reduced mercury use in mining, Commissioner Newell Dennison has signaled that complete ...

Guyana is among the most impoverished countries in South America as it is currently ranked 121st out 187 countries in the United Nations. Human Development Index (HDI), with a reported 35% of the ...

Guyana Goldstrike Inc. (or the "Company") (TSXV:GYA) (OTC:GYNAF) (FSE:1ZT) is pleased to provide an update from its ongoing exploration program at its 13,500 acre (54 sq. kms) Marudi Gold ...

The Guyana mining law recognizes three scales of mining based on claim size and on volume of earth material handled: (i) large-scale, (ii) medium-scale, and (iii) small-scale. In Guyana, these terms do not indicate or connote the level of mechanization of operations or the socio-economic class of the miner.

On the border between Colombia and Venezuela, just a few kilometers from Colombia's Guainía department, illegal mining shakes the region's economy while devastating the environment.

3 business opportunities in Guyana ready for investment. 1) Oil . A series of major oil discoveries off the coast of Guyana has seen the country recognized as an emerging oil power, with the most recent discovery pushing total reserves past 9 billion barrels.. While much of that oil is currently overseen by a consortium led by ExxonMobil, …

Targets for 2022 The mining and quarrying sector is forecasted to grow by 86 percent, driven by expansion across all subsectors, namely petroleum, gold, other mining and …

The minerals usually found in Guyana are gold, diamond, bauxite, uranium, manganese and other precious and semi-precious stones and metals. Mining is predominantly done in the interior of Guyana, which can be difficult to access and there is a general lack of infrastructure. The State however does promote mining as a viable investment ...

In recent years, the Guyanese government has shown initiatives to increase the revenue from gold mining and attract foreign investment, as well as better regulate an unruly industry. The last ...

SOUTH RUPUNUNI, Guyana — In a Facebook post this past November, Guyana's Ministry of Natural Resources announced that it had issued a special mining …

However, in the midst of this pause, Guyana's Ministry of Natural Resources announced on Nov. 13 that it had issued a special mining permit to a group of small-scale miners, the Rupununi Mining ...

GCM Mining Corp. announced today that it has completed an updated Mineral Resource estimate for its Toroparu Project in Guyana with an effective date of November 1, 2021 and in accordance with the ...

Guyana Goldstrike Inc. (TSXV:GYA,OTC Pink:GYNAF,FWB:1ZT) is exploring and developing the advanced-stage Marudi gold project in Guyana, South America. Guyana Goldstrike holds an 17-year mining ...

Canadian companies operating in Guyana. Situated on the mineral-rich Guiana Shield, Guyana's mining sector focuses on gold, bauxite and diamonds; gold represented 8.8% …

Guyana is sitting on a jackpot of liquid gold. In 2015, the oil giant Exxon Mobil discovered 11 billion barrels of oil off the coast of the small Latin American country. The discovery promises to change Guyana forever, catapulting the country and its people to new heights of power and wealth. Oil already generates US$1 billion in revenues ...

The Southern Star property is made up of 145 claims covering approximately 8,100 hectares and is located 6.5km south of the Fenelon/Tabasco deposit owned by Wallbridge Mining Company. The acquisition of the Southern Star property brings Great Thunder's claims to a total of 10,677 hectares in the mining district.

To begin analyzing pre-investment risks to mining in Guyana, investors must first carefully measure the impact of long-term operating costs in the mine development, given the boom-town inflation that the country will continue to experience for the next few years.. The challenge for miners in Guyana are the massive cost increases …

17 Apr, 2012, 14:47 ET. VANCOUVER, April 17, 2012 /CNW/ - Guyana Frontier Mining Corp. (" Guyana Frontier") announces it that it has received notice from Mulgravian Ventures Corporation ...