New GGMC Board of Directors approved

first_img…Stanley Ming returned as ChairmanWith Guyana preparing to enter new and uncharted waters in the extractive sector, the Guyana Geology and Mines Commission (GGMC) has had a new Board of Directors installed to steer the ship.GGMC Chairman Stanley MingAt the head of this Board is incumbent Chairman Stanley Ming. Also on the Board are Derrick Lawrence; Tom Dalgety; Euliene Watson; Vanda Radzic; Camilla Edwards; and the Commissioner of GGMC, Newell Dennison. A representative from each of the following organisations will be selected and added to the Board at a later date: the Guyana Gold and Diamond Miners Association (GGDMA), the Guyana Women Miners Association (GWMA), the National Mining Syndicate, the Guyana Gold Board, the Guyana Forestry Commission and a worker’s representative from the GGMC.The Board is also expected to include in its membership representatives from the National Toshaos Council (NTC), the Guyana Defence Force (GDF) and the Guyana Police Force (GPF), as ex officio members. The Board members will serve from March 1, 2019 to February 28, 2020.These appointments come at a time when total gold declarations for last year amounted to 613,073 ounces, which was 6.22 per cent lower than 2017 – 653,754 ounces were declared in 2017.Lowered expectationsGovernment had initially set a target of 720,000 ounces for 2017 but at the end of 2017 was only able declare 653,674 ounces, prompting Finance Minister Winston Jordan to dub the performance disappointing.An ambitious 800,000 ounces’ target was set for 2018. The foreign exchange value of exports processed on behalf of dealers and itself at the Guyana Gold Board (GGB) came to US$443,961,666.The appointments come at a time when a major gold company will be branching off into underground miningIt is understood that gold dealers Mohamed’s Enterprise, and El Dorado Trading finished first and second respectively in total declarations and exports of gold. Other dealers that contributed are: Pure Diamond, Dinar, Excel, Adamantium Metals, GBTI Property Holdings Inc, and Gold Bar Development.The appointments also come at a time when Canadian owned Guyana Goldfields is looking to branch off into underground mining. Last month, Goldfields was issued a permit by the Environmental Protection Agency (EPA) to construct the underground mine.It is currently awaiting further approvals from the GGMC. In fact, Guyana Times observed equipment assembled at the site, waiting for the go ahead, during a recent visit.So far, Guyana Goldfields has invested US$300 million into its local operations. The underground mine is expected to cost US$25 million in the initial exploration stages. A further US$100 million is likely to be invested over the next 10 years of production.RevenueBut the company is optimistic of more than recovering that investment. Chief Executive Officer of Guyana Goldfields, Scott Caldwell, had been optimistic of the underground mines surpassing their previous operations. According to Caldwell, the underground well is likely to be a game changer when it comes to revenue.When asked about the application, Commissioner Dennison explained that the GGMC is in possession of Goldfields’ application and will soon know whether anything else is needed. He had made it clear that GGMC has no intention of delaying the process, but was only exercising its due diligence for such a venture.“From what I am aware, they have submitted [the documents]. I am of the view that we are in good way to be conducting the examination to determine whether we need anything more.”“To the extent that we ascertain that what is therein is sufficient representation of what they plan to do, and it is in keeping with our regulations and what we consider typical practices for these types of activities, we would then issue the permit,” Dennison said.last_img read more

Roma counting on Dzeko-inspired miracle against Liverpool

first_img0Shares0000For Roma coach Eusebio Di Francesco, striker Edin Dzeko (L) holds the key to unlocking their Champions League final bid against Liverpool on Wednesday © AFP/File / Filippo MONTEFORTEROME, Italy, May 1 – Roma coach Eusebio Di Francesco said Tuesday he is counting on another Edin Dzeko-inspired miracle against Liverpool to reach the Champions League final.Trailing 5-2 after the first leg of their Champions League semi-final, Roma need to score at least three goals at the Stadio Olimpico on Wednesday to reach the May 26 final in Kiev. Dzeko scored a crucial, late away goal in the 4-1 quarter-final first leg defeat at Barcelona and the opening goal of Roma’s 3-0 second leg win at the Stadio Olimpico that saw the Italians through on away goals.The Bosnian handed Roma another lifeline with an 81st strike after Liverpool had romped to a five-goal lead at Anfield last week, Diego Perotti adding a precious second from the spot four minutes later to keep Roma’s final hopes alive.“Players with his (Dzeko) qualities must be decisive as (Mohamed) Salah was in the first leg,” said Di Francesco.Former Roma forward Salah tore through his former club at Anfield, scoring twice and setting up two more goals.“We can’t change a team just for him (Salah) or put three players on him, we have to be good at raising the athletic level, giving little, but remembering that we have to score three goals.“We were at the mercy of Liverpool for 25 minutes and that cannot happen. We want to try and do something big in a stadium with 70,000 people.“If I could, I would copy and paste that performance against Barcelona, not just technically but on a mental and physical level,” he added, of their comeback from 4-1 down against the Spaniards last month to reach the semi-finals.“The desire to make another miracle happen must push us all to give that extra something.”Bosnian forward Dzeko has scored 24 goals this season for Roma in all competitions, and Radja Nainggolan warned he was ready to break his European drought.“I’ve never scored in the Champions League, maybe I’ll break through tomorrow,” said the Belgian.“We will try to complete another comeback, and although it will be complicated I’m the type of person who never likes the simple way.”Dutch defensive midfielder Kevin Strootman however has been ruled out with a leg injury.Roma lost the European Cup final to Liverpool 34 years ago, but Di Francesco warned: “The 1984 final is in the hearts of the people, but they are two games that cannot be compared.”Liverpool manager Jurgen Klopp’s assistant Zeljko Buvac stepped aside this week for personal reason, and Di Francesco joked: “I’ve kicked out my assistant too to make it even!“It’s internal stuff, I’m not preparing the game based on that. We’ll face a strong and determined team which represents a great club, one with a great history in Europe.“I don’t think one staff member can make a difference.”Off-pitch tensions are also high as Liverpool supporter Sean Cox lies in a coma after being attacked before last week’s first leg in Anfield.“There are bad apples among all fans,” said Di Francesco. “I’ve already said that I stand shoulder-to-shoulder with Sean Cox and his family and I’m against all forms of violence, like we all are here.“There are good fans in Rome, we can’t allow a small number of fans, which I think there are in England too, to ruin our beautiful sport.“I want to make an appeal, it must be a joy to come to the stadium tomorrow.”0Shares0000(Visited 2 times, 1 visits today)last_img read more