Extractive Industry

Amid a slump in gold declaration during this year, the Guyana government has decided to divide the former Troy Resources Mining concession at Karouni, Region 8 (Potaro-Siparuni) and allocate lots to small-scale miners, Minister of Natural Resources Vickram Bharrat said Tuesday. “We have identified an area within the former Troy Resources property and we are allocating claims to Guyanese small ...

Guyana’s premier Energy Conference and Expo returns for its third installment in 2024, rebranded as Guyana Energy Conference and Supply Chain Expo, and projected to attract a larger number of participants, the event’s secretariat said Thursday. The Secretariat, along with its partners, said participants would include keynote speakers, policymakers, local and international industry experts. With over 1,200 attendees, 60 international ...

The Chinese Landing community in Region One (Barima-Waini) appealed to the National Toshaos (NTC) Conference to support its demand for a permanent ban on gold mining by Wayne Vieira and all outside miners, removal of all guns by outside miners, and a resumption of mining by villagers, Chinese Landing Toshao, Orin Fernandes said Monday. “We call on the NTC to ...

IRVING, Texas – ExxonMobil today said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838 meters) of water and is located approximately 11 miles (18 kilometers) northwest of the Liza field. ...

The World Wildlife Fund, a global environmental conservation watchdog, is calling for a “full environmental and social assessment” of Guyana’s oil and gas sector, in the wake of recent controversies surrounding the clearing of mangroves along the west bank of the Demerara River. “Such an assessment will give decision-makers and the public-at-large an objective view of the  range of impacts ...

ExxonMobil  says it prefers to discharge treated production water into the Atlantic Ocean offshore Guyana instead of re-injecting it into the Liza Phase One well. President of ExxonMobil Guyana, Alistair Routledge explained that the water is treated on the vessel and “what is discharged causes no damage to the environment.” “It’s treated to international standards and it’s no harm at ...

by Samuel Sukhnandan The Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc. (BCGI) has expressed an interest in reopening after suspending its operations in February this year and firing hundreds of workers, citing industrial unrest and damage to property. The company’s Country Representative and General Manager Mr Vladimir Permyakov met with a high-level team of ministers and other government officials on Monday, where they ...

More than 130 workers have been sent home as a result of the Germany-headquartered, Oldendorff Carriers Guyana Inc (OCGI) closure of its transshipment service in Guyana three months after the Russian Aluminium (RUSAL)-majority owned bauxite company shut down its operations. “Unfortunately, OCGI’s customer in Guyana has decided to suspend and mothball its operation in Guyana and thus not to extend ...

First Bauxite LLC (FBX) has indicated to government that it would build an aluminium smelter in Guyana if natural gas, a cheap source of electricity generation, could be brought from hydrocarbon fields located offshore, Finance Minister Winston Jordan said. “They said if we can bring natural gas in sufficient quantities, they are prepared to put a smelter right there in ...

Guyanese workers at Bosai Minerals Group (Guyana), a bauxite company in Linden, are concerned about the arrival of at least five Chinese from mainland China who have since been quarantined in their rooms as a precaution against the potentially deadly coronavirus (Covid-19). However, Bosai General Manager, Eric Yu said the Chinese nationals, who are from Chongqing, passed through Germany where ...