Archive

Archive for the ‘Guyana’ Category

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.

Read more…

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.

Read more…

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.

Read more…

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.

Read more…

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.

Read more…

Categories: Diaspora News, Guyana

‘Pictures of Guyana’ DVD launched

July 29, 2010 Leave a comment

GEORGETOWN -The third in a series of successful video productions on Guyana was officially introduced tonight by producer and lovally acclaimed helicopter pilot-Mike Charles.

Outside of his piloting skills, Charles is known for his production of ‘Guyana Yours to Discover’ and ‘Wild Guyana’. Both have played and continue to play notable roles in the promotion of Guyana around the world.

Charles’ newest DVD release is titled ‘Pictures of Guyana.’

As its name suggests the release highlights, throught photography, aspects of a “magnificient country”. The pictures portray Guyana as a country where the people and culture co-exist in harmony with nature.

“It captures the quintessence of the 40million hectares of intact rainforest…This DVD is the production of years of photography accross Guyana,” Charles said.

Read more…

Categories: Guyana, International, Tourism

Trial Focuses on Iran Ties of Kennedy Plot Suspect

July 21, 2010 Leave a comment

Abdul Kadir, on trial over a plot against Kennedy Airport (NY Times photo)

NEW YORY/ GEORGETOWN (New York Times) -The trial of two men accused of plotting to attack Kennedy International Airport took an unexpected twist on Wednesday when prosecutors suggested that one of the men, a former government official in Guyana, had spied on behalf of the Iranian government.

The former government official, Abdul Kadir, admitted under cross-examination that in the mid-1980s he drafted reports about Guyana’s economy, foreign policy and military for the Iranian ambassador to Venezuela, which included details like the low morale in the army. The hand-written documents included a “five-year development plan” that made reference to infiltrating the military, police and other government agencies.

Mr. Kadir, testifying in United States District Court in Brooklyn for the second straight day, appeared surprised by the direction of the questioning. He initially denied having been in contact with Iranian officials, but admitted to it after being confronted with the material he had written. Nevertheless he said he was not a spy, insisting he was focused instead on promoting Islam and that the letters he sent included no state secrets but information freely available in the newspapers.

Read more…