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Message: Canadian firm obtains mining license in zone claimed by Venezuela
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http://www.eluniversal.com/nacional-y-politica/111006/canadian-firm-obtains-mining-license-in-zone-claimed-by-venezuela
Guyanese Prime Minister Sam Hinds said he supports foreign investment in mining
EL UNIVERSAL
Thursday October 06, 2011 10:35 AM
The Guyanese government signed a Memorandum of Understanding (MoU) with Canadian mining company Guyana Goldfields Inc. to operate a gold mine on the Cuyuni River, located in the territory claimed by Venezuela, at about 43.5 miles from the Venezuelan state of Bolívar.
The Toronto-based private company issued a press release on Wednesday reporting the signing of a document including the mining license to operate a gold mine in the so-called Aurora Gold Project.
The company had been granted the environmental permit in September 2010 and it has already carried out a feasibility and exploration study in the area.
"The Government welcomes and fully supports all investment, foreign and local, in the mining sector and is pleased that we have come to a fiscal agreement in order for the long-awaited development of the Aurora Project to begin. We look forward to working alongside Guyana Goldfields Inc. as they move towards production," said Sam Hinds, Guyana's Prime Minister.
Historical coincidences
On June 13, 1983 the countries that attended a conference for planning satellite TV services in Latin America and the Caribbean, held in Geneva, Switzerland, had to deliver their coordinates to set up the coverage.
One of the coordinates delivered by Venezuela included the Aurora area, precisely the zone where the Guyanese mining project is being developed. Venezuela's decision was rejected by the Guyanese government, as Venezuela argued that it was a zone in reclamation.
Guyana's intent to grant mining licenses to transnational companies in the Essequibo territory always clashed with the firm decisions of the Venezuelan governments.
According to the book entitled La Venezolanidad del Esequibo (The Venezuelan Essequibo), written by General Oscar José Márquez, one of the issues that led to disputes between the governments of Venezuela and Guyana at the end of the 70's and in the early 80's was the Upper Mazaruni hydroelectric project, to which Caracas strongly opposed in different institutions such as the World Bank.
The legal basis for Venezuela's claims was the Geneva Agreement signed in 1966, which provides that "No acts or activities taking place (while this Agreement is in force) shall constitute a basis for asserting, supporting or denying a claim to territorial sovereignty in the territories of Venezuela or British Guiana or create any rights of sovereignty in these territories, except in so far as such acts or activities result from any agreement reached by the Mixed Commission and accepted in writing by the government of Guyana and the Government of Venezuela."
On February 20, 2004 President Hugo Chávez made a substantial turn in the dispute. Chávez said in a visit to Georgetown: "The Venezuela government will not be an obstacle for any project to be conducted in the Essequibo whose purpose is to benefit the inhabitants of the area, adding, "the Essequibo issue will be removed from the framework of the social, political, and economic relations between the two countries."
Translated by Gerardo Cárdenas
The Guyanese government signed a Memorandum of Understanding (MoU) with Canadian mining company Guyana Goldfields Inc. to operate a gold mine on the Cuyuni River, located in the territory claimed by Venezuela, at about 43.5 miles from the Venezuelan state of Bolívar.
The Toronto-based private company issued a press release on Wednesday reporting the signing of a document including the mining license to operate a gold mine in the so-called Aurora Gold Project.
The company had been granted the environmental permit in September 2010 and it has already carried out a feasibility and exploration study in the area.
"The Government welcomes and fully supports all investment, foreign and local, in the mining sector and is pleased that we have come to a fiscal agreement in order for the long-awaited development of the Aurora Project to begin. We look forward to working alongside Guyana Goldfields Inc. as they move towards production," said Sam Hinds, Guyana's Prime Minister.
Historical coincidences
On June 13, 1983 the countries that attended a conference for planning satellite TV services in Latin America and the Caribbean, held in Geneva, Switzerland, had to deliver their coordinates to set up the coverage.
One of the coordinates delivered by Venezuela included the Aurora area, precisely the zone where the Guyanese mining project is being developed. Venezuela's decision was rejected by the Guyanese government, as Venezuela argued that it was a zone in reclamation.
Guyana's intent to grant mining licenses to transnational companies in the Essequibo territory always clashed with the firm decisions of the Venezuelan governments.
According to the book entitled La Venezolanidad del Esequibo (The Venezuelan Essequibo), written by General Oscar José Márquez, one of the issues that led to disputes between the governments of Venezuela and Guyana at the end of the 70's and in the early 80's was the Upper Mazaruni hydroelectric project, to which Caracas strongly opposed in different institutions such as the World Bank.
The legal basis for Venezuela's claims was the Geneva Agreement signed in 1966, which provides that "No acts or activities taking place (while this Agreement is in force) shall constitute a basis for asserting, supporting or denying a claim to territorial sovereignty in the territories of Venezuela or British Guiana or create any rights of sovereignty in these territories, except in so far as such acts or activities result from any agreement reached by the Mixed Commission and accepted in writing by the government of Guyana and the Government of Venezuela."
On February 20, 2004 President Hugo Chávez made a substantial turn in the dispute. Chávez said in a visit to Georgetown: "The Venezuela government will not be an obstacle for any project to be conducted in the Essequibo whose purpose is to benefit the inhabitants of the area, adding, "the Essequibo issue will be removed from the framework of the social, political, and economic relations between the two countries."
Translated by Gerardo Cárdenas
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