Two more children successfully complete heart surgery in India

November 29, 2010 Leave a comment

Ten month old Kenneth Prince and Nicholas Dudnauth, 6 years-old, returned to Guyana on Saturday morning following successful open heart surgery.  Kenneth Prince underwent closure of a large Ventricular Septal Defect (hole in the heart) and a Mitral Valve repair.

He also has failure to thrive with weight being just 5.2kg at 10 months of age.  All these factors added to the risk of surgery but this was the only option for the child.  This post operative recovery was uneventful.  Kenneth must continue taking medications for another 6 months which will improve his heart function.

Six year old Nicholas Dudnauth was suffering from Trasitional Atrioventricular Canal defect with leakage of valves and very high lung pressures.  His surgery was also very complex but again like Kenneth Prince surgery was the only hope for the child.  Nicholas made a marvellous recovery.

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Categories: Foreign Relations, Health

New company formed to promote transparency and eradicate corruption

November 11, 2010 Leave a comment

Transparency International Guyana Inc., a new entity, has been incorporated under the Companies Act as a non-governmental non-profit organisation with the aim of promoting transparency and eradicating corruption. The founding directors – Bernard Crawford, David James, Fr. Compton Meerabux, Keith Park, Gino Persaud, Ms. Nadia Sagar and Enrico Woolford – have begun the process for formal recognition of the local entity as a National Chapter of Transparency International (TI), based in Germany.

TI which leads a global coalition against corruption originated in Europe in 1993.  It is an independent, non-political non-profit organisation that publishes annually the Corruption Perception Index, Bribe Payers Index and national surveys and indices. It has a global network of over 90 chapters and adopts a non-confrontational approach to promoting transparency and eradicating corruption in the public and private sectors.

The Secretary of the Guyana entity is broadcaster Enrico Woolford and the legal consultant is Christopher Ram. Membership of TIGI is open to resident and non-resident Guyanese individuals and organisations that subscribe to its By-Laws and Code of Conduct which require of its members high standards of transparency, accountability and ethical conduct. TIGI has commissioned a website on which it will make available all its incorporation documents, Code of Conduct and links to international and regional publications on corruption’s impacts, policy positions and working papers.

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Categories: Development, Guyana

GMV Minerals Inc. exploration program in Guyana underway

September 20, 2010 Leave a comment

Fifth Avenue Research Corporation has published a review of GMV Minerals Inc. (GMV.V), offering insight on opportunities to invest in a gold company in Guyana with blue sky potential.

GMV Minerals Inc.(GMV.V) is a mineral exploration company active since 2008. The company recently refocused its efforts on gold exploration and changed its principal business to sourcing and exploring mineral properties in Guyana. GMV Minerals Inc. has approximately 535,000 acres of land and forms one of the largest and most strategically focused exploration properties in Guyana.

The full equity review may be found at http://www.fifthavenueresearch.com/research/GMV.pdf

GMV Minerals Inc. has a strong management team with more than 30 years experience in mineral exploration throughout North and South America. The company’s country manager, Mr. Alfro Alphonso, has sold his previous property holdings to Guyana Goldfields Inc. (GUY.TO), Sandspring Resources Ltd. (SSP.V) and Sacre-Coeur Minerals, Ltd. (SCM.V)

Gold-bearing gravel and alluvium is presently being exploited by artisanal miners at several locations, on GMV Minerals Inc. claims, yielding production of up to 75,000 ounces of gold per year.

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Guyana Goldfields to sell non-core assets

September 18, 2010 Leave a comment

AURORA (GUY/CAN) -Canada’s gold exploration company Guyana Goldfields Inc (GUY.TO) said it plans to sell non-core assets in order to focus on its key mines, the Aurora project and the Aranka properties in Guyana.

The company said it might sell collateral exploration properties, as well as stakes in junior mining companies.

The company, whose other main assets include the Peters Mine Property and the Langis Mine, has already initiated the sale of its 16 percent stake in Guyana Precious Metals Inc (GPM.V).

Guyana Goldfields did not specify in which other miners it had stakes in.

The company’s flagship Aurora property in northern Guyana is targeted to begin production in the second half of 2012.

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Full refunds for CLICO Guyana policyholders

September 18, 2010 Leave a comment

President Jagdeo

GEORGETOWN -CLICO policyholders who may have thought they’d lost all their money following last week’s ordered wind-up of the operations of the troubled company’s Guyana branch, have received some good news from  President Bharrat Jagdeo: They’ll get back their money within a matter of weeks.

Jagdeo has rolled out a rescue plan that guarantees refunds to all those who were affected by the company’s financial troubles. Disclosing the bailout plan to a large gathering of CLICO shareholders yesterday, the country’s leader explained that policyholders with investments in the company up to a maximum GUY$30 million (US$145,842) as of February 2009, will be repaid in full.

Of the GUY$600 million (US$2.9 million) in cash resources which CLICO has immediate access to, Jagdeo said GUY$500 million (US$2.4 million) will be used to ensure that 6,924 people with long-term insurance policies, including life insurance, are covered; while the remaining funds will be set aside to cover the expenses of the company until wind up.

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Timber company reopens after worker’s death

September 18, 2010 Leave a comment

GEORGETOWN –Guyana officials say they have allowed a Malaysian-owned timber factory to reopen because it has agreed to update safety measures after a worker’s death.

Labor Minister Manzoor Nadir said Friday that Barama Company will install security cameras and back-up switches to turn off machines in case of emergencies.

Police are still investigating the death of 30-year-old Jason Fraser at an idle plant whose machines were not in use. They said he seems to have been crushed, but not by the machine he was found beside.

Barama was ordered closed nearly two weeks ago. Plant officials did not return calls for comment.

Nadir says similar measures will be applied to the entire wood processing industry.

Categories: Local News

Exciting end to Guyana Folk Fest

September 10, 2010 Leave a comment

By Tangerine Clarke

BROOKLYN -The Guyana folk festival ended its ninth season with an international flair. The energetic Guyana-based Classique Dance Company, joined the KenDrum Youth Steel orchestra from Canada, and juicy storyteller and veteran performer, Doris Harper from England, to thrill thousands of patrons at Meyer Levin School grounds in Brooklyn.

The inviting weather played a huge part in the success of the more that five hours of loud entertainment that included crowd pleaser, and Calypso Monarch, the Mighty Rebel, and Adrian Dutchin, direct from Guyana, who revved up the crowd with his eye-popping shirtless act.

A-list performers, such as Wrickford Dalgetty, Terry Gagraj, African drummer Jaggae, Chuck Girard and Yonnette Hopper provided exciting entertainment to engage both the nationals and their Caribbean counterparts.

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