Daily Archive: Friday, August 20, 2010

Articles published on Friday, August 20, 2010

Edward Shields

Miners upset at lands lock off

-gold target slashed by 20% Miners remain apprehensive about the industry’s future in light of proposed new rules while the Guyana Gold and Diamond Miners Association (GGDMA) has expressed concern that land once available for mining is not being released as normal.

Bandits storm Eccles business

Bandits storm Eccles businessArmed bandits stormed the Eccles Industrial Site early yesterday morning and after disarming and tying up security guards, broke into a business and escaped with computer monitors and cell phones.

Skeldon workers end strike

-sacked fire attendant denies negligence Skeldon factory workers who took spontaneous industrial action earlier this week agreed to resume working yesterday to clear the way for negotiations between GuySuCo and the unions over several recent dismissals.

Wariner wins in Zurich with world lead time

ZURICH, (Reuters) – Jeremy Wariner produced a world  leading time to win the 400 metres at the Weltklasse Diamond  League meeting yesterday and fellow American David Oliver  maintained his unbeaten record this season in the 110 hurdles. 

Prime Minister Samuel Hinds

GPL source fingers `some business people’

Says ‘big stick’ bill should not be used to label people in Sophia The theft of electricity from the Guyana Power and Light Company (GPL) which is costing the company “untold millions of dollars” has been sustained by a web of corruption within the power company itself which, a GPL source has told Stabroek Business, “sometimes   involves persons operating in influential positions within the company.”

GGDMA Executive Secretary Edward Shields

High prices triggering new gold rush

Some urban businessmen pushing for a piece of the pie  – Shields Continually rising gold prices coupled with a highly successful 2009 for the industry appears to have triggered a fresh wave of investment interest in the sector by coastal businessmen who have traditionally paid little if any attention to the gold-mining industry; and according to Executive Secretary of the Guyana Gold and Diamond Miners Association (GGDMA) Edward Shields Guyana’s latest ‘gold rush’ could add to the already existing challenges facing the industry.

DC Jammers to hold coaching clinic today

By Floyd Christie The Washington DC Jammers began their one-week tour of Guyana on Wednesday and as part of their visit the team along with their staff will be hosting a coaching clinic today from 1 pm at the Cliff Anderson Sports Hall (CASH).

Business reporting

At a recent media workshop organized by the George-town Chamber of Commerce and Industry (GCCI) and the Guyana Press Association (GPA) both the Junior Vice President of the Chamber Terrence Holder and Vice Chairman of the Private Sector Commission Yog Mahadeo commented on what they felt was the dearth of reporting on matters of business and finance in the local media.

Local craft on display in the city this week.

Art and Craft Association keen to take possession of state-gifted premises for HQ

-renovation, redesign work could cost $30-$50m The Guyana Association of Art and Craft Producers is mulling plans to take the local art and craft industry to the ‘next level’ but members of the Association have told Stabroek Business that they are awaiting the official handing over of the premises promised to them by government before they can proceed with the implementation of their proposals for taking the industry forward.

Lewis makes countryman Sukra latest victim in tennis semis

Despite their early departure from the main draw, in the consolation division of the boys u-14 category, Guyana’s Gavin Lewis and Daniel Lopes rose to the top of the clan to face each other in the finals of the International Tennis Federation Junior tournament currently on in St Vincent and the Grenadines.

Delhi Games jolted by sponsor withdrawals

NEW DELHI, (Reuters) – Two Indian state-run firms  have withdrawn their sponsorship of the Delhi Commonwealth Games  due to “negative publicity” of the event stemming from  allegations of graft and mismanagement. 

DCC summer camp concludes today

The Queenstown-based Dem-erara Cricket Club’s (DCC) inaugural summer camp culminates today with a simple ceremony at the club’s pavilion commencing from 13:00hrs, and certificates of participation will  be presented.

Sport and national pride

In the publicity for the 1975 cult classic, Rollerball, the catchphrase used to attract audiences was the sonorous and pseudo-prophetic: “In the not too distant future, wars will no longer exist, but there will be Rollerball” – an obvious allusion to the conceit that sport is war by other means or, as George Orwell famously wrote, “war minus the shooting.”

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 369’s trading results showed consideration of $120,000 from 10,000 shares traded in 2 transactions as compared to session 368 which showed consideration of $6,032,873 from 439,863 shares traded in 19 transactions.