Archive for August, 2010

Guyana to sell rice to Venezuela in $38M deal

August 28, 2010 Leave a comment

GEORGETOWN -The Caribbean region’s largest rice producer says it will start selling the grain to Venezuela.

Guyana expects to sell 70,000 tons (64,000 metric tons) of rice to its South American neighbor. The government has said the deal will help offset a $160 million debt it has accumulated for the 5,000 barrels of oil it receives daily under the PetroCaribe agreement.

Guyana’s Rice Producers Association leader says Venezuela will pay up to $700 per ton of rice. Dharamkuman Seeraj said Saturday that the deal accounts for up to 30 percent of the autumn rice crop.

Guyana exports about 70 percent of its rice, most of it to the European Union.


US Senator Taps Guyanese National For Communications Job

August 27, 2010 Leave a comment

Errol Cockfield

By: Bevan Springer

NEW YORK/GEORGETOWN – Errol Cockfield, who was born in Guyana and also lived in Trinidad before emigrating to the US at age 10, will run communications for Democrats in the New York State Senate, beginning early September.

Senator John Sampson, the Democrat Majority Conference Leader, who also has Guyanese heritage, has recruited the 36 year-old Cockfield as Communications Director of the Senate Democratic Majority.

Cockfield holds a Bachelor’s in English with a minor in Journalism from SUNY Stony Brook and went on to head Newsday’s Albany Bureau and worked as a staff writer at the Los Angeles Times.

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Guyana gets new Spanish Ambassador

August 24, 2010 Leave a comment

Spanish Ambassador to Guyana Joaquin with President Jagdeo (GINA PHOTO)

GEORGETOWN (GINA) -New Spanish Ambassador to Guyana Joaquin Maria de Aristequi has high hopes in developing Guyana’s energy sector through strengthened cooperation between Guyana and Spain.

Non-resident Ambassador Aristiqui presented his letters for Credence to President Bharrat Jagdeo at the Office of the President in the presence of Minister of Labour Manzoor Nadir serving as Foreign Affairs Minister and Director General in the Foreign Affairs Minister Elisabeth Harper.

Speaking to the media Ambassador Aristiqui said the energy sector is circuital to the future wellbeing and economic growth of Guyana. He made reference to REPSOL’s presence in Guyana as a good signal of economic opportunities.

REPSOL which holds the reputation as a leading international oil exploration is one of four companies that began exploration work in the offshore Guyana Basin in 2008.

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Guyana receives New Chinese ambassador

August 24, 2010 Leave a comment

GEORGETOWN -The more-than-30 years of friendly relations between Guyana and China have led to the fulfillment of major developments in the country’s capital and human resource capacity and new Chinese Ambassador to Guyana Yu Wenzhe promises to continue the cooperation trend between the two countries.

The Ambassador yesterday presented his letters of Credence to President Bharrat Jagdeo in the credentials room at the Office of the President, replacing his predecessor Zhang Jungao who served three and a half years in Guyana.

At yesterday’s accreditation ceremony were Minister of Labour Mazoor Nadir performing the duties of Foreign Affairs Minister and Director General in the Foreign Affairs Minister Elisabeth Harper.

The new ambassador told the media about some of his immediate priorities while serving in his capacity which would include efforts to enhance the political thrust and respect between the governments of the two countries as well as the “win-win” economic cooperation.

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Infinito Gold Ltd. Signs Letter of Intent to Sell Guyanese Assets to Shoreham

August 19, 2010 Leave a comment

CALGARY –Infinito Gold Ltd. and Shoreham Resources Ltd. have entered into a non-binding letter of intent through which Shoreham can acquire 100% of the issued and outstanding common shares of Infinito’s subsidiaries in Guyana and Aruba which hold the Marudi Mountain and Paint Mountain, and Potaro mineral concessions as documented in the March 7th, 2007 agreements between Shoreham and Infinito.

The Company and Shoreham propose to complete the transaction through payments to Infinito of US$500,000 in cash and the issuance of 1,600,000 common shares of Shoreham to the Company. On August 17, 2010, Shoreham paid US$100,000 to the Company (the “Deposit Payment”), and upon closing Shoreham will pay to the Company the US$400,000 balance and issue 1,600,000 shares.

The Company will have the right to receive a 2% Net Smelter Returns (“NSR”) royalty for all future mineral production from the Marudi Mountain Project to a maximum of US$3,000,000. The Company will also receive from Shoreham a 2% NSR royalty for all future alluvial, saprolite and bedrock production from the Potaro Project, to a maximum of US$2,000,000.

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Takara Approves Exploration Program for Tassawini Gold Project Lands, Guyana

August 17, 2010 Leave a comment

TORONTO, ONTARIO –Takara Resources Inc. (TSX VENTURE:TKK) (“Takara”) has commenced a summer exploration program on six untested gold-in soil anomalies in the immediate vicinity of the Tassawini Gold Project in NW Guyana. This program is being undertaken in preparation for an extensive core-drilling program with the goal of expanding the existing NI 43-101 compliant resource at Tassawini. The 15-person crew is now on site at the Tassawini camp and it is anticipated that the program will last 5 weeks.

“The goal for 2010 is to validate and assess the potential to add more ounces from the outer six gold geochemistry targets, which are within 5 km of our known Tassawini Resource” said Jennifer Boyle, President and CEO of Takara. “We are incorporating the use of lightweight auger (Trado) drills to sample to depths of 6-8m in saprolite that will confirm these anomalies for the next phase of drill testing.”

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Aspiring bio-med researcher is college bound

August 16, 2010 Leave a comment

By: Tangerine Clarke

There is no doubt that the way forward is paved with nothing but success for Andrew Hillman. The brilliant young Guyanese American scholar is readying himself to take the Medical College Admissions Test to attend medical school in 2011, where he will study orthopedic and biomechanical research.

With his sights set on attending the National Institutes of Health in Bethesda, Maryland, or Emory University in Atlanta Georgia, said he developed a strong love for research and the possibilities it offers of bringing something new to the world.

This extraordinary thinking at such a young age was the stepping-stone to Hillman’s quick entry into a research lab where he worked alongside noted biochemist Professor Ya Ching Hung.

Born in Guyana, to parents Lawrence and Farida Hillman, the aspiring young man is adamant that future patients in the United States and abroad are depending on him to succeed in the medical profession.

A recent graduate with a BA degree from the Department of Family Nutrition and Exercise Science of Queens College, Hillman’s hard work and dedication to medical science landed him a spot in the Minority Access to research Careers U-Star program that is funded by the National Institutes of Health.

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Categories: Diaspora News, Guyana