Gold prices eased on Thursday after a sharp rise in the previous session as investors booked profits ahead of a long weekend, although softer dollar and escalating U.S.-China trade tensions kept bullion above the $3,300 per ounce level, as per a report. Spot gold slipped 0.5 per cent to $3,326.51 an ounce as of 08:58 […]
Ghana orders foreigners to exit gold market by April 30
ACCRA, April 14 (Reuters) – Ghana has ordered foreigners to exit its gold trading market by the end of the month, a new government body said on Monday, as the West African country looks to streamline gold purchases from small-scale miners, increase earnings and reduce smuggling. Africa’s leading gold producer is shifting away from a […]
Ministry of Natural Resources responds to KNews jaundiced reporting on oil spills
The Ministry of Natural Resources wishes to address yet another outrageously deceptive publication by the Kaieteur News. In a piece headlined, “Oil spill will hit Guyana’s shores before capping stack arrives to plug leak,” devious reporting is taken to new heights. The April 6 article references the Hammerhead Environmental Impact Assessment (EIA), stating that an oil spill […]
BP dropped its green pledges and turned back to oil. Now the price of crude has collapsed
After Donald Trump’s “liberation day” on Wednesday last week, BP lost almost a quarter of its market value in a share price rout even deeper than the oil giant endured in the wake of the Deepwater Horizon disaster. The collapse in global oil prices in the wake of the US president’s tariff blitz may have wiped billions […]
Plunging oil prices force U.S. oil industry to consider cutting production, jobs
Despite President Trump’s exhortations to “drill, baby, drill,” U.S. shale oil producers are facing their most serious crisis since the pandemic, as the sudden oil price selloff triggered in part by President Trump’s trade war has pushed parts of the sector to the brink of failure, industry executives warned this week Oil markets have been hit with a […]
From root to table – How Guyana’s forests nourish the nation and world
Guyana joined the globe in celebrating International Day of Forests on March 21, under the theme of “Forests and food.” The occasion spotlighted Guyana’s leadership in forest conservation and its commitment to protecting its critical asset – not just for national benefit, but for the globe. Covering more than 85% of the country’s landmass and […]
Guyana launches US$3 million tree planting initiative in line with low carbon goals
As Guyana’s energy industry advances, measures are being taken to mitigate the effects of energy-related emissions while also creating aesthetically pleasing communities. One such initiative is a US$3 million (GYD$600 million) national tree planting project that enhances the country’s already robust forestry management strategy. Guyana has been a global model in sustainable management, forest and […]
Canadian company to pay over US$3.8M to local titleholders to fully acquire second gold project in Guyana
The company disclosed that it has already paid US$500,000 in 2024 and US$230,000 to date in 2025. “To maintain its rights under all of the agreements and be entitled to exercise the various options, the Company will have to make additional payments of US$675,000 in 2025, US$1,055,000 in 2026, US$1,380,000 in 2027 and US$80,000 annually […]
‘Guyana is the best offshore play in the world presently’
Eifler in an interview with Offshore Magazine earlier this month discussed offshore drilling trends, regional hotspots and his company’s role in the market. Guyana’s unmatched offshore success, particularly in the Stabroek Block has left quite an impression on the CEO and President of the London-based offshore drilling company. He was asked to comment on some […]
Guyana woos foreign investors with attractive mining opportunities
In a recent publication titled “The Mining Sector in Guyana 2025,” the ministry outlined the country’s competitive advantages, emphasizing its rich mineral resources, investor-friendly policies, and stable regulatory framework. According to the MNR, Guyana boasts a long history of mining and is situated in a geological environment conducive to the discovery of large mineral deposits. […]