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Former US Ambassador appointed Senior VP at Guyana Goldfields

first_img…as shareholders call for leadership shake-up Some two months after completing his three-year tenure in Guyana and retiring from the US State Department, former US Ambassador to Guyana Perry Holloway has been appointed to a top position at the Guyana Goldfields Inc.The Canada-based gold mining company said in a statement posted on its website on Thursday that Holloway was appointed the company’s Senior Vice President of Strategy & Corporate Affairs with effect from January 1, 2019.Holloway is a career diplomat with more than 30 years of international experience in Latin America and the Caribbean focusing on government relations, business advocacy, programme management, development, and security.“As a member of the executive leadership team, Mr Holloway will be focused on all activities involving the Government of Guyana as well as matters relating to in-country management and corporate social responsibility,” the statement from Guyana Goldfields detailed.In addition to being the US Ambassador to Guyana, Holloway was also Ambassador to the Caribbean Community (Caricom). He also has served in Colombia, El Salvador, Ecuador, Guatemala, Mexico, Paraguay, and Afghanistan. Holloway holds a Masters in International Business Sciences from the University of South Carolina and a Masters in National Resource Strategy from the Industrial College of the Armed Forces (ICAF).“We are very pleased that Perry will be joining our team,” stated the company’s President and Chief Executive Officer (CEO), Scott Caldwell.“He brings to the table an intimate working knowledge of Guyana, the Government and its people from his time as the US Ambassador. This experience will complement the excellent platform the company has already established in the areas of Government relations, corporate social responsibility and programme management,” Caldwell added.Meanwhile, Holloway expressed excitement for his new post as well as his return to Guyana.“I’m very excited to be joining the Guyana Goldfields team at this time. In my role as US Ambassador in Guyana, I saw first-hand how the work of Guyana Goldfields has contributed positively to the Guyanese economy and its people with gold currently being the primary driver of economic growth. I look forward to now being directly involved with this work and further strengthening the company’s in-country relationships to the benefit of both the company and the people of Guyana,” he posited.Shareholders concernThe former Ambassador’s appointment comes at a time when shareholders of the Guyana Goldfields are calling for a shakeup of the company’s leadership reportedly over poor performance by the management and board in addition to declining stock prices. The company said in a release on Wednesday that it received a “Requisition of a Special Meeting” of certain shareholders who, in aggregate as of December 31, 2018, own 9.45 million common shares of the company, representing approximately 5.4 per cent of the total shares outstanding in the company.“The request for the Special Meeting is being made to consider the replacement of the current Board of Directors of the company with six new directors nominated by the [shareholders],” the missive from the company detailed.An article published by Canada’s Saskatoon StarPhoenix newspaper on Thursday, pointed out that apart from replacing the Board members with six independent Directors, the shareholders are also looking to establish an ethics committee and launch a strategic review of the company.The Canadian newspaper, which is part of the Postmedia Network, said that the move was the latest by shareholders in the mining industry to shake-up leadership over disappointing performance, including a successful push by hedge fund manager John Paulson to flip the Board at Detour Gold Corp and early efforts by investors in December to change management at Hudbay Minerals Inc.According to StarPhoenix, the dissident shareholders, including former Executive Chairman and founder Patrick Sheridan, Northfield Capital Corp, Robert Cudney, Donald Ross, and Gretchen Ross, together own about 5.4 per cent of the outstanding shares. It was reported that the current Board has governed over a steep decline in the share price, which has dropped from around US$5 in June on the Toronto Stock Exchange to US$1.69 on Thursday. It briefly peaked at US$10.11 in mid-2016.The StarPhoenix further reported that shareholders have also expressed dissatisfaction with management of the company’s gold mine in Guyana, including permitting and personnel issues.“The current Board has made a series of seemingly irresponsible and misleading statements and generally questionable decisions that have put Guyana Goldfields’ share price into a freefall,” Sheridan said in a statement.To this end, the Guyana Goldfields noted in its missive on Wednesday that “the company’s Board of Directors remains committed to constructive dialogue and engagement with all shareholders and will review the requisition and respond appropriately in due course.”In its last performance review – 2018 third quarter operational and financial results in October – Guyana Goldfields reported its gold production guidance was revised downward to 150,000–55,000 ounces as grades have not rebounded as quickly as anticipated in the fourth quarter. This represents a reduction from the previous range of 175,000-185,000 ounces of gold. Consequently, cost of sales was also revised to US$1030-US$1055 per ounce and all-in sustaining costs of US$1025-US$1050 per ounce, and cash cost (before royalty) of US$660-US$685 per ounce for the year.Meanwhile, back in August, the Canadian mining company confirmed its intentions of laying off approximately 80 local workers in a bid to consolidate its operations. Aurora Gold Mines’ Public Relations Officer, Leon Roberts had explained that the company would be focusing its operations at Aurora, located in Region Seven (Cuyuni-Mazaruni), thus cutting back operations from its Greenfield prospect, also located in Region Seven.Guyana Goldfields’ Country Manager is Executive Member of the African Cultural and Development Association (ACDA), Violet Jean-Baptiste, while another ACDA Executive Member, Eric Phillips, is also a consultant with the Canadian-based mining company that is current facing the heat for its poor performance.last_img read more

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On at least four other occasions during key moment

first_imgOn at least four other occasions during key moments in Raiders losses, Carr made plays which brought scrutiny and questioned his judgment.• Raiders promote WR Saeed Blacknall to active roster (RaidersWire.com)Blacknall was signed by the Raiders as an undrafted free agent from Penn State. However, he did not make Oakland’s initial 53-man roster. Once he cleared waivers, the Raiders stashed him on the practice squad for the rest of the season.• Derek Carr still a good sport despite rocky 2018 season for Raiders (RaidersWire.com)Raiders quarterback Derek Carr has been nominated by his team for the Art Rooney Sportsmanship Award. The award had its inaugural year in 2014, and this is Carr’s third time being Oakland’s representative to the NFL.Carr hopes to join former Raiders defensive back Charles Woodson as a recipient of the award. Players are first nominated by their team’s media relations department, and a panel of former players will select eight finalists, according to the Raiders’ official website.• Raiders QB Derek Carr approaching most losses ever in first 5 seasons (RaidersWire.com)Most of the time, it’s a good thing to set records in the NFL. However, Raiders’ quarterback Derek Carr is getting dangerously close to a setting a record no quarterback wants to be associated with. Oakland Raiders fan Pablo Navarro, aka 2Zack, poses for photographs in the O.co Coliseum parking lot before an NFL football game between the Oakland Raiders and the Kansas City Chiefs in Oakland, Calif., Sunday, Dec. 15, 2013. (AP Photo/Marcio Jose Sanchez) If there’s an NFL team having a more painful year than the Arizona Cardinals, the Oakland Raiders would probably be the top candidate.Oakland prepares for a Week 11 visit to State Farm Stadium on Sunday with just one win to the Cardinals’ two.Under first-year coach Jon Gruden, the Raiders began the year trading away one of the year’s premier pass-rushers in Khalil Mack. They doubled down on dealing talent by trading receiver Amari Cooper two weeks back. And a week ago, the team released veteran defensive end Bruce Irvin. Part of the reason for their scoring woes has been their struggles in the red zone. They are converting their red zone trips into touchdowns just 42 percent of the time, 29th in the NFL. That will need to improve if the Raiders want to become even an average offense.• Raiders RB Jalen Richard continues to impressive in the passing game (RaidersWire.com)While a lot of Richard’s receptions come when the Raiders are in a hurry-up situation, the team would be wise to use him earlier in games and more frequently. He’s averaging 8.3 yards per reception, and with a catch percentage that high, it is way more efficient to throw him the ball, rather than hand it off to Doug Martin. • Can Marcell Ateman boost depleted Raiders’ receiving corps? (Mercury News)With receivers Jordy Nelson and Martavis Bryant questionable against the Cardinals, rookie Marcell Ateman will finally get his chance to shine.• Which Raider player deserves to make the Pro Bowl in 2018? (RaidersWire.com)The Raiders have had as dreadful of a 2018 season as the Cardinals. They don’t have a sure Pro Bowl lock like Patrick Peterson and their pickings are slim without Khalil Mack in the fold anymore.Wednesday, November 14• Raiders in driver’s seat for No. 1 draft pick (is that a good thing?) (ESPN NFL Nation)As it stands now, the current draft order has the Raiders going first, followed by the San Francisco 49ers, the New York Giants, the Cardinals and the New York Jets.The trick, then?“We have to nail those picks,” Raiders owner Mark Davis told ESPN.com recently.“If you’re building, you have to build through the draft. You have to do it with your own players.”• Assessing latest `What the heck was that?’ decision from Raiders’ Derek Carr (The Mercury News)Deliberately throwing an incomplete pass on fourth-and-5 against the Los Angeles Chargers isn’t the first time Raiders quarterback Derek Carr has had his decision-making called into question this season. Derrick Hall satisfied with D-backs’ buying and selling • Raiders mailbag: ‘Is Carr gonna be the QB in Vegas?’ (The Mercury News)Yes, I think Derek Carr will be the Raiders’ quarterback when they move to Vegas for the 2020 season. My guess is teams will call with trade offers this coming offseason, but Gruden will stick with his guy for another season and into the move. Gruden has said it himself: if Carr doesn’t play up to his potential, Gruden considers that his own failure. He’s the supposed quarterback whisperer, after all. And I don’t think Gruden would want to admit his own massive failure just one or two years into the job.• Martavis Bryant, Jordy Nelson Injuries Decimate Raiders WR Corps (NBCBayArea.com)The Silver and Black rolled into a Week 6 game against Seattle with Amari Cooper, Jordy Nelson and Martavis Bryant featured in the pattern.It’s possible, maybe even likely, that none of those guys are available for next week’s game at Arizona.• Raiders offense falls to 30th in the NFL, averaging 16.3 PPG (RaidersWire.com)The only teams worse than the Raiders are the Bills and the Cardinals, both of which have made quarterback changes and are ushering in rookie passers.Over the last three games, the Raiders are averaging just 12.3 points per game. Injuries have obviously played a factor (Marshawn Lynch, Donald Penn, etc.) but the team just hasn’t played that well. • Raiders CB Gareon Conley flawless on 3rd down in 2018 (RaidersWire.com)In a season full of negatives, some of the brightest spots on the Raiders’ roster have been their young players and how they have grown. One of which is cornerback Gareon Conley, who has certainly had his ups and downs this season. Like many other (young) players on the Raiders’ roster, Conley was the subject of trade rumors last month. Then, he was benched in favor of veterans Leon Hall and Dominique Rodgers-Cromartie.• Raiders cancel practice due to air quality in Oakland (RaidersWire.com)Due to the poor air quality in Oakland, the Raiders have canceled their final practice of the week. Instead, they will have a walkthrough, according to Michael Gehlken of the Las Vegas Review-Journal. The Raiders canceled practice yesterday as well as the fires in California continue to decrease the air quality in the state.Thursday, November 15• How are opposing offenses attacking the Raiders’ defense? (RaidersWire.com)Teams are having tremendous success throwing to the right side of the field against the Raiders. While a lot of the Raiders’ opponent’s passing touchdowns have come from the left side, teams are completing an absurd rate of their passes on the right side of the field. 9 Comments   Share   Carr is sitting at 42 losses as a starting quarterback in his NFL career. Through five seasons, that is the fourth-most losses of all-time by a starting quarterback. Carr’s brother, David, holds the record for the most losses through the first five seasons of a career (53)Tuesday, November 13Related LinksArizona Sports NFL Power Rankings Week 11: Saints still on topRe-establishing David Johnson first step for Cardinals offenseArizona Cardinals guard Justin Pugh has MCL tear, likely headed to IR• Like Mark Davis, Raiders coach Jon Gruden says, ‘I just want to win’ (ESPN.com)“I talk to Mark after every game and these are unpleasant conversations. It’s tough, man, we want to win. We want to win. We also want to do right by this organization and some of these decisions have been really tough, but I want to deliver for him and his family, certainly, and this organization and right now, it’s tough. But it’s great to have him support me and I appreciate it. But I feel the same way he does — I just want to win.”Making things tougher for Gruden to win is the injury bug. Again.Receivers Martavis Bryant and Jordy Nelson both suffered knee injuries against the Chargers, with Bryant suffering an injury to his posterior cruciate ligament that might keep him out “for some time,” Gruden said, while Nelson’s knee is being further evaluated. It was described as a quadriceps injury Sunday. Top Stories Former Cardinals kicker Phil Dawson retires The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact It’s a full-blown rebuild for Oakland, which has scored more than 20 points just twice this season.Here’s what’s going on in Raiders Nation as the team prepares to face the 2-7 Cardinals, who found a few positive building blocks in a 26-14 loss to the Kansas City Chiefs.Saturday, November 17• PFF: Raiders QB Derek Carr more than merely accurate (RaidersWire.com)Raiders quarterback Derek Carr can deliver the football with the best of them, according to Pro Football Focus. Oakland’s fifth-year signal caller has thrown a catchable ball 79 percent of the time this season, good for third-best in the NFL.• Biggest Stories for the Oakland Raiders during Week 11 (RaidersWire.com)It was another busy week for the Oakland Raiders, despite their 1-8 record. They promoted two receivers to the active roster and were forced to cancel two practices due to the air quality in California. It was quite the week for Oakland. Here are the top stories from each day this week:Friday, November 16• 3 Raiders To Watch In Week 11 vs Cardinals (RaidersWire.com)Oakland is being forced to play some young players, and at the very least, that should make these games somewhat intriguing as the Raiders try to evaluate their young talent. With that in mind, here are three players to watch in the Raiders’ Week 11 matchup with the Cardinals.last_img
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