PPP GOVERNMENT OPENS NEW MINING LANDS
* The good news for the haters of the PPP and for those wet blankets on GNI who delight in bad news from Guyana is gold production in 2014 is down 16% from 2013 level.
* We are all aware that gold prices have dropped from a high of $1798/oz in 2012----gold prices closed today at $1307
* ANYWAY THE PPP GOVERNMENT IS OPENING NEW MINING LANDS----new miners will mean additional production---more economic progress for Guyana.
The Natural Resources Minister announced that a “competitive” and “open” auction for mining lands on August 11 and lotteries for new mining lands in the mining districts on August 18. “These two important activities would see hundreds of individuals who currently do not have access to their own properties would be able to be given the opportunity,” he said.
Click on link:
http://caribnewsdesk.com/news/...-up-new-mining-lands
* By the way, I wont be surprised to see caribJ come here and celebrate the decreased gold production in 2014.
Rev
Whats your point. Last year the miners told the PPP that they needed help. The PPP laughed at them. Now that smaller miners have a problem because gold prices dropped and costs of operation remain high, and production is down the PPP screams that they are hoarding.
And the PPP rants that their new white elephant airport will ensure that GEO will have flights to the moon!
They are now opening up new, probably more marginal lands. So what's all your howling about? The PPP prefers to waste money on a huge 8 jetway white elephant than investing in improving transportation in the interior.