Mining industry still in crisis – GGDMA

The Guyana Gold and Diamond Miners Association (GGDMA) has said that the steep drop in gold prices coupled with high production costs along with a litany of other problems has made 2014 a struggle for survival.

According to the group, it has also been struggling with marginal ore bearing lands; inefficient ore recovery technology; poor maintenances/repairs to hinterland roads and airstrips; non-financing for the mining industry from commercial banks; closure of branches of the Guyana Gold Board (GGB); poor or minimal security/ police outreach for mining districts; the non-presence or unqualified representatives; under staffing and the inefficiency of the Mines Division at the Guyana Geology and Mines Commission (GGMC)which has seen the industry battling for survival.

The association has met with various government agencies, including the Ministry of Natural Resources and the Environment, the GGMC and the GGB with the intention of arriving at workable solutions that will alleviate the stated challenges and provide some relief to the mining industry. In a press release, the association said the opening up of more mineral lands to small and medium-scale miners through the recent holding of an auction and lottery will give miners an opportunity to own parcels of land.

The GGDMA is cognisant of the conditions of the hinterland roads and is in the process of awarding contracts for the repair and maintenance of some of the major roadways. “This will alleviate high transportation costs for fuel, rations and supplies to mining location,” it said.

In addition, both the GGDMA and the GGMC are reviewing the sluice box recovery system to demonstrate improving the operating and recovery of the sluice box. Research is also being done on other ore recovery technologies.

Comments  

GRA seizes over 10,000 lbs smuggled chicken

Swift action by the Law Enforcement and Investigation Division (LEID) of the Guyana Revenue Authority (GRA) aided in the removal of a large quantity of seized foreign chicken from two separate cold storage facilities in the Berbice area after it was discovered that the commodities were unlawfully being disposed of, the GRA said today.

Muslim divorce law “unconstitutional”, rules India’s top court

Farha Faiz, a lawyer, speaks with the media after a verdict for the controversial Muslim quick divorce law outside the Supreme Court in New Delhi, India August 22, 2017.  

Patriots clinch playoff place

Defeat Tallawahs by 37 runs Chris Gayle, playing in his 50th CPL match, produced his 63rd T20 fifty as St Kitts & Nevis Patriots cruised past Jamaica Tallawahs by 37 runs to guarantee a place in the playoffs for the first time in their three-year history.

Football squads announced for Suriname

The Guyana Football Federation (GFF) has officially selected the Boys and Girls teams which will represent the nation at the Inter-Guiana Games (IGG) Goodwill Series scheduled for Suriname from the August 25th– 27th.

Your browser is out-of-date!

Update your browser to view this website correctly.

We built stabroeknews.com using new technology. This makes our website faster, more feature rich and easier to use for 95% of our readers.
Unfortunately, your browser does not support some of these technologies. Click the button below and choose a modern browser to receive our intended user experience.

Update my browser now

×