Published On: Sun, Oct 7th, 2012

Guyana reports 23 percent increase in gold production

GEORGETOWN, Guyana - There has been an overall increase in gold production, declaration and sales in Guyana, with production recording 314,000 ounces, an increase of about 23 percent over the corresponding period last year.

Minister of Natural Resources and the Environment Robert Persaud said for the same period last year gold production declaration was just about 207,000 ounces.

“We have seen declaration and sales going up, sales to the Guyana Gold Board as well as to the private dealers,” he noted. Gold exports are also at a similar 314,000 ounces level, which is also significantly higher from those recorded for the same period last year.

“The sector is recording good performance… the sector has been doing well and has been creating a tremendous impact on our national growth and the economy as a whole,” Persaud said.

He further stated that the sector has been impacting significantly by creating jobs and lifting the welfare of the hinterland communities.

Meanwhile, the ministry continues to collaborate with regards to the setting up of the mining school, which is intended to provide the specialised skilled workers needed to support and propel the expansion taking place in the mining sector.

Persaud said that the arrangements are progressing with regards to the establishment of the schools as the ministry has entered into a number of bi-lateral agreements in this regard.

The minister disclosed that, only last week, the ministry engaged in talks with a representative from the University of Texas, Geo-Sciences Department, which is looking to provide support towards the realization of the school.

“There is a lot of preparation taking place and we do hope that very soon we will be able to make available programmes at the school,” the minister said.

He stated that the ministry has been engaging local and international specialists to ensure that input is up to global standards and also meets the national requirements of the mining local industry.

Source: Caribbean news now

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