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Guyana's reserves of bauxite was known to be 350-million-tons. Major mining sites are at Linden, south of Georgetown, and Kwakwani on the Berbice River [6] [13] In 2016, 1,479,090 tonnes of bauxite was produced. [14]
Gold mining at Omai is known from at least the 1880s, and when it was developed as a large scale mine in 1992 by Cambior, the mine was the largest gold mine in the Guiana Shield and a major source of income and employment in Guyana. During the period from 1992 – 2005, Omai produced 3.7 Moz of gold at an average grade of 1.5 g/t Au from the ...
Linden is the second largest city in Guyana after Georgetown, and capital of the Upper Demerara-Berbice region, [2] located at , altitude 48 m (160 ft). It was declared a town in 1970, and includes the communities of MacKenzie, Christianburg, and Wismar.
Guyana Goldfields Inc. (TSE:GUY) shareholders should be happy to see the share price up 24% in the last month. But...
The economy of Guyana is one of the fastest growing economies in the world with a gross domestic product (GDP) growth of 19.9% in 2021. [9] In 2024, Guyana had a per capita gross domestic product ( purchasing power parity ) of Int$ 80,137 and an average GDP growth of 4.2% over the previous decade. [ 4 ]
Energy explorer Hess (HES) confirmed its 18th oil discovery off the coast of Guyana, while Norway's Equinor (EQNR) agreed to sell a 50% stake in two wind projects to BP plc (BP) for $1.1 billion.
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With 215,000 square kilometres (83,000 sq mi), Guyana is the fourth-smallest country on mainland South America after Uruguay, Suriname and French Guiana. The main economic activities in Guyana are agriculture (production of rice and Demerara sugar ), bauxite mining, gold mining, timber, shrimp fishing and minerals.