Bhagwandin should tell readers what happens with the gold at the factory floor in the interior

I have taken note of Mr. Joel Bhagwandin’s letter titled, “[Prof] Hunte’s so-called “broken institutions” have little or nothing to do with declining gold production”, and respond as follows: Can Mr Bhagwandin give a short description of the Custom Dept’s check of the operation? A gold processing plant is located on the company’s concession in…

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Bhagwandin misleads when he suggests that the NRF Report has disaggregated data for the EMGL, HESS and CNOOC

I refer to Mr. Joel Bhagwandin’s letter dated 6-17, 2024 in which he claims the information I requested is in the Natural Resource Fund (NRF) Report. Not surprisingly, Mr. Bhagwandin’s answer is the usual ‘red herring’, in which he is once again attempting to divert attention away from the real issues I raised in my…

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Stabroek’s junior partner CNOOC makes G$355.7 MN (US$1.7 billlion) on share capital of US$200,000. Yes, Two hundred thousand dollars

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 131 Today’s column features the financial statements of the Chinese-owned CNOOC which holds a 25% working interest in the Stabroek Block, as a “non-operating joint venture partner”. CNOOC, like its other two partners, is a branch of a company incorporated outside of Guyana…

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