You are here
'Informal' mining means gold price is too low to protect miners, environment
Open-Pit Gold Mine Collapse in Guyana Traps 10 Miners
From The Associated Press
Via ABC News, New York
Monday, May 18, 2015
http://abcnews.go.com/International/wireStory/open-pit-gold-mine-collaps...
GEORGETOWN, Guyana -- An open-pit gold mine in remote southern Guyana has collapsed and buried up to 10 miners in debris.
Police spokesman Ivelaw Whittaker says authorities are digging through the mud in an attempt to rescue the men but it appears unlikely any survived. Seven miners were injured and treated at a hospital in the nearest town.
The collapse occurred Sunday in the densely forested Potaro-Siparuni region near the border with Brazil. The region has many informal, open-pit gold mines run by small operators.
Miners Association President Patrick Harding said recent heavy rains have made the work especially treacherous. He said his organization has been working to persuade operators to provide adequate support for the mud walls but said many disregard those precautions.
USAGold: Coins and bullion since 1973
USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.
Please call 1-800-869-5115x100 and ask for the trading desk, or visit:
USAGold: Great prices, quick delivery -- all the time.
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015
https://jeffersoncompanies.com/new-orleans-investment-conference/home
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
https://jeffersoncompanies.com/landing/2014-av-powell
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit: