Mining

/Mining
Mining2017-06-30T18:44:45+00:00

Gold

2016 Highlights

  • Largest gold declaration in Guyana’s history- 713,000 ounces
  • Small miners accounted for 70% of declaration
  • 235 Blocks given out to small miners

2017 Plans

  • Creation of syndicates
  • Mining Regulations Review
  • Strategic Plan update
  • Environmental Management in mining
  • Mines Safety
  • Mining School
  • Improved Recovery Techniques
  • Exploration and Geological activities

Bauxite

2016 Highlights

  • Celebrated 100 years of Bauxite Mining in Guyana.
  • Commenced review of the Bauxite Industry

2017 Plans

  • Bauxite sector review
  • Feasibility assessment of Alumina plant

Sand

2016 Declaration

  • 601,459 Tonnes

2017 Declaration January to March

  • 304,348 Tonnes

Manganese

Highlights

  • Agreement reached between Bosai Minerals Group and Reunion Manganese for the transfer of four (4) prospecting licenses at Mathews Ridge NWD
  • Preparatory works have commenced. Mining expected to begin before 2020.
  • Mine has an average life of 20 years and 350,000 tonnes of manganese to be shipped yearly.
  • Neighbouring communities will benefit
  • Construction and upgrading of roads, wharf and power generation facilities
  • Employment for approximately 1,200 persons during the peak of construction and 300 – 400 during normal operations.