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The PLP assumed the government and found the mining operation in place. There must have been cogent reasons why it continued. The fact is today there is no aragonite mining in The Bahamas. The site Ocean Cay that was the staging post for the mining is now to be a tourist resort owned by the shipping firm MSC.
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Aragonite is a mineral the Bahamas has in abundance. Of course, it could be that the other things the Bahamas has in abundance, like sea life, may depend, in part, on that very resource. ... That mining aragonite from the sea floor of the Bahamas could screw up what makes the Bahamas special is of little concern for the folks looking to benefit ...
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In the May 12th edition of The Nassau Guardian's National Review, Mr Tony Myers of Sandy Cay Development Ltd presented his case against the "hysteria" surrounding the cost of Aragonite.
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A Bahamian natural resources lobby group believes the Government can reap more than $2.5m a year from aragonite royalties, and urged it to publicly disclose all economic impact studies.Dana ...
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The government is working to develop a new licensing regime for aragonite mining that is "almost ready" for unveiling, a Cabinet minister has revealed.
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The main minerals in The Bahamas are salt and aragonite, (a type of limestone). No commercial mining takes place in The Bahamas. ... Morton Salt Company: Partners. Insurance Commission of the Bahamas. Promote and encourage sound and prudent insurance management and business practices.
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Pumps Convey Aragonite Slurry 6,000 feet in Bahamas Mining Project for Marcona. March 30, 2001. Source: World Dredging & Marine Construction. ... The company uses a 70,000 DWT belt-self-loading vessel to ship much of the material. This ship can unload at a rate of 4,000 tons per hour. For shorter journeys, an oceangoing …
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The Bahamas - Mining The mineral sector played a minor role in the economy of the Bahamas. Salt and aragonite stone, a component in glass manufacture, were the two most commercially important mineral products, with estimated 2000 production figures of 900,000 tons for salt and 1.2 million tons for aragonite, figures which have remained ...
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Bahamas Public Services Union BPSU President John Pinder yesterday called on the government to increase the royalties it receives from aragonite mining. Pinder estimated that the government could pocket as much as 300 million per month, or 4.2 billion a year, if it renegotiated its aragonite royalties to no less than 350 per metric …
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NASSAU, BAHAMAS — A bill to repeal the Aragonite Mining Act has been moved under the purview of the Parliament Select Committee on Natural Resources. The bill was laid by Pineridge MP Frederick McAlpine last week on behalf of environmentalists and private citizens Bahamian Evolution, who have been demonstrating in Rawson …
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Aragonite "sand," an oolitic lime-stone, is distributed throughout the Bahamas on the Grand Bahama Bank, adjacent to Southeast Florida. Bahamian deposits hold 75-100 billion tons of recoverable Aragonite. Aragonite's precipitation from seawater over 700 years ago assures low contaminates, making it a pure material for such industries as …
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Salt production has long been Inaguas main industry, and the island is perfect for it because the climate is mostly dry. It began in the late 1930s, when three American brothers, the Ericksons, came to the island and built a mechanized salt operation. Known for seawater salt recovery, the Morton Salt Company bought the facility from the Erickson brothers in …
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Throughout the Bahamas more than 300 million metric tons of oolitic sand naturally accumulates per year. ... This deposit also has a high aragonite content. Grade 2. Grade #2 is a less spherical deposit that is finer in size 30×120 mesh. ... We are proud to be affiliated with the following great companies:
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The Dillingham Corporation of Honolulu had a concession to mine aragonite in a sea bottom area of more than 5.2 million acres — an area nearly twice the size of Connecticut in the Bahamas. The rights to …
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JOHN Pinder, the Bahamas Public Services Union president, wants the government to cancel a current aragonite production agreement and renegotiate its terms to generate an estimated $4.2m a year in ...
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The details provided by Mr Christie match the $50 million aragonite mining proposal that was by unveiled by Nassau Island Development Company in early 2014, which promised to create 800 jobs (300 ...
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The government is looking to overflight fees and dormant aragonite mining contracts, among other options, for unexpected revenue in its 2020/2021 national budget moving forward, Deputy Prime Minister and Minister of Finance Peter Turnquest said yesterday, adding that the government will not divest itself of its stakes in the Bahamas …
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More like this story. Call for committee to look at aragonite industry; Aragonite deal 'could bring in $4.2m a year for nation' Natural resources group challenges $2.5m royalty for aragonite mining
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Through a lease with Sandy Cay Development Company to mine aragonite off Ocean Cay near Bimini, the Bahamas government reaps a royalty of $2 per metric ton.
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And while the value of aragonite exported by companies involved in the business does not appear to match the hundreds of millions the mineral's staunchest advocates repeatedly tout - in fact, in 2013, nearly 8,000 tons worth $108,500 of aragonite was exported from The Bahamas, according to the Department of Statistics - the …
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The company has also contracted an independent firm, Phoenix Engineering, to prepare an EIA report. Currently, the country's only major aragonite mining operation exists on Ocean Cay, located 65 miles east of Miami and 27 miles south of Bimini. The project is carried out by Sandy Cay Development Company Ltd.
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A Bahamian company is awaiting government approval for a $50 million-plus aragonite harvesting and manufacturing project targeted for east Grand Bahama, which could …
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A Bahamas-based aragonite miner yesterday vehemently denied it had any links to a Mexican company claiming it has the necessary approvals to export "aragonite sand" from a location called ...
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STATUTE LAW OF THE BAHAMAS [Original Service 2001] OCEAN INDUSTRIES INCORPORATED (ARAGONITE ... (Aragonite Mining Encouragement) Act, 1971. (2) This Act, excepting section 4 thereof, shall be ... deemed to have come into force on the 3rd day of July, 1969. 2. In this Act — "Company" means Ocean Industries Incorporated, a …
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The Government earned a $2 per metric ton royalty when the Sandy Cay Development Company mined aragonite off Ocean Cay near Bimini, prior to the Christie administration's deal with Mediterranean Shipping Company (MSC) for that island to become a private cruise port.
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He said the Bahamas can make more royalties from aragonite, but it will not make everyone a billionaire. Ferreira explains the process of development of aragonite. In June 2020, Ferreira estimated that 12,266 – 23,354 million metric tons of …
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His statement came amid evidence that a company is pursuing ways to engage in the activity. ... Aragonite mining is typically a hotbed issue for some Bahamians who don't believe the government is doing enough to cultivate the industry or to make money from it. ... The Bahamas National Trust has already been in communication with me and local ...
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Environment Minister Kenred Dorsett has rejected requests from the National Congress of Trade Unions Bahamas (NCTUB) to renegotiate the royalties the country receives from aragonite mining and also denied allegations that the country has approved aragonite mining near East Grand Bahama. ... which is quite dated was an approval for …
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