Identifier
Created
Classification
Origin
06GEORGETOWN361
2006-04-20 16:05:00
UNCLASSIFIED
Embassy Georgetown
Cable title:
RISING INTEREST IN URANIUM EXPLORATION IN GUYANA
how-toVZCZCXRO9446 RR RUEHGR DE RUEHGE #0361 1101605 ZNR UUUUU ZZH R 201605Z APR 06 FM AMEMBASSY GEORGETOWN TO RUEHC/SECSTATE WASHDC 3395 INFO RUEHOT/AMEMBASSY OTTAWA 2141 RUEHDN/AMCONSUL SYDNEY 0017 RUMIAAA/HQ USSOUTHCOM J2 MIAMI FL RUEHVC/AMCONSUL VANCOUVER 0003 RUCNCOM/EC CARICOM COLLECTIVE
UNCLAS GEORGETOWN 000361
SIPDIS
SIPDIS
E.O. 12598: N/A
TAGS: EMIN ECON GY
SUBJECT: RISING INTEREST IN URANIUM EXPLORATION IN GUYANA
UNCLAS GEORGETOWN 000361
SIPDIS
SIPDIS
E.O. 12598: N/A
TAGS: EMIN ECON GY
SUBJECT: RISING INTEREST IN URANIUM EXPLORATION IN GUYANA
1. The GOG announced on April 19 that the Guyana Geology and
Mines Commission (GGMC) has awarded a permit to Canadian-
backed Prometheus Resources Guyana to conduct uranium
exploration. The firm, affiliated with Vancouver-based
Chemico Corporation, will have a three-year permit to
conduct research in Regions Seven and Eight (Western
Guyana).
2. According to the GGMC, this is the first Reconnaissance
Permit to be issued for uranium exploration since the French
firm Cogema was active in Guyana from the late 1970's to the
mid-1980's. An Australian firm, Pharsalus Ltd., has also
expressed interest in uranium exploration. The firm's
application is on hold pending the firm's incorporation in
Guyana, and company officials are expected to travel to
Guyana next month.
3. COMMENT: The interest in uranium, spurred by high prices
in international markets, follows similar interest in gold
and bauxite production. In terms of potential markets, the
Government Information Agency's press release noted that
"several countries, including Iran, are currently conducting
advanced studies on uranium for energy conversion". END
COMMENT.
THOMAS
SIPDIS
SIPDIS
E.O. 12598: N/A
TAGS: EMIN ECON GY
SUBJECT: RISING INTEREST IN URANIUM EXPLORATION IN GUYANA
1. The GOG announced on April 19 that the Guyana Geology and
Mines Commission (GGMC) has awarded a permit to Canadian-
backed Prometheus Resources Guyana to conduct uranium
exploration. The firm, affiliated with Vancouver-based
Chemico Corporation, will have a three-year permit to
conduct research in Regions Seven and Eight (Western
Guyana).
2. According to the GGMC, this is the first Reconnaissance
Permit to be issued for uranium exploration since the French
firm Cogema was active in Guyana from the late 1970's to the
mid-1980's. An Australian firm, Pharsalus Ltd., has also
expressed interest in uranium exploration. The firm's
application is on hold pending the firm's incorporation in
Guyana, and company officials are expected to travel to
Guyana next month.
3. COMMENT: The interest in uranium, spurred by high prices
in international markets, follows similar interest in gold
and bauxite production. In terms of potential markets, the
Government Information Agency's press release noted that
"several countries, including Iran, are currently conducting
advanced studies on uranium for energy conversion". END
COMMENT.
THOMAS