Gov’t signs gold mining pact with Sandspring

Prime Minister Sam Hinds (left) and John Adams exchange the agreement. President Bharrat Jagdeo is second from right and Sir Shridath Ramphal is at left. (GINA photo)

Canadian mining company Sandspring Resources Inc yesterday signed a multi-million dollar gold/copper mining agreement with the government, which could see some 1,000 jobs being created for its Toroparu, Region 7 project.

Sandspring had announced in May 2009 that it was merging with Guyanese company ETK Inc, which is owned by businessman Alfro Alphonso, for the project.
The signing paves the way for