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 "Sandy Cay". Anthony Myers, Sandy Cay Development Company's principal, told Tribune Business that it had no connection whatsoever to …
From mining site to paradise island. The development of the private island is part of a €9bn investment plan which includes the company's expansion across North America and product development and innovation, which includes the Ocean Cay. Originally this man-made island was created for the excavation of its white aragonite sand.
An Act to encourage the mining by Ocean Industries Incorporated of calcareous deposits known as aragonite. [Assent 7th May, 1971] ... (Aragonite Mining Encouragement) Act, 1971. (2) This Act, excepting section 4 thereof, shall be ... creation of an Artificial Island adjacent to the island of Sandy Cay in "Parcel C", the general location of ...
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. The company pays $2 per metric ton to the government as a royalty for the exported product.
The mineral aragonite is said to be in abundance in The Bahamas. The question is what is it worth and though it has been mined for years, since at least 1964 when an artificial cay was created called Ocean Cay to be the staging area for its mining and export, there has been a controversy over whether The Bahamas is getting what it should from it.
(1) This Act may be cited as the Ocean Industries Incorporated (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 corporation organised and existing under the
On the basis of such big, round figures, the mining of aragonite seems to be a bonanza operation. In reality it is still a doubtful venture for both Dillingham and the Bahamas. ... Northwest of Ocean Cay there is a deep and little-known reef that stretches intermittently for eight miles along a submerged terrace—a rich and spectacular range ...
AES presently owns an aragonite mining plant on Ocean Cay, purchased in the spring of 2001. The energy company wants to invest $650 million at Ocean Cay to construct, own and operate a 64- kilometer pipeline that would be constructed of steel pipe and installed on the sea floor.
Ocean Cay does not need allure. It is being dredged up from the seabed by the Dillingham Corporation of Hawaii for an explicit purpose that will surely repel more tourists than it will attract. Across the inky-blue …
Tribune Business that the aragonite mining licence for Sandy Cay has been assigned to the Sandy Cay Development Company, which is owned by Anthony Myers, a Bahamian. Government sources yesterday ...
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. Some have long believed the country ...
We think this project will help the economy. Currently the only major aragonite mining operation exists on Ocean Cay, located 65 miles to the west of …
realfreethinker 9 years, 7 months ago. Buy low from ocean cay and sell high through Us Aragonite . making money on both ends that is how the game is played.
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.
Ocean Cay: the world's biggest private cruise resort emerges. MSC Cruises has broken ground on what will be the biggest cruise line private island in the Caribbean. …
President of Sandy Cay Development Co. Limited Tony Myers told National Review that claims the company is making substantial sums of money from its aragonite operation at Ocean Cay are not true. The Bahamas National Citizens Coalition, National Congress of Trade Unions of The Bahamas President John Pinder and others have claimed that …
According to Myers, aragonite is not processed at Ocean Cay but shipped in its raw form. He previously explained that there is tremendous add-on value after it is processed, but also pointed to tremendous costs associated with that processing. It remains unclear whether the government will renegotiate the Sandy Cay lease.
Aragonite Source, LLC is operated by the former principals of Marcona. Marcona previously operated the island of Ocean Cay from the 1970's to the early 2000's. ... During this …
Ocean Mining Crude Aragonite Since 2016 assisted in providing ocean shipping and logistics services to two crude aragonite ocean mining interests in Nassau and Ocean Cay, the Bahamas. To date about 60,000 tons of crude aragonite has been mined off the ocean floor then loaded on to barges which were then transported alongside vessels.
President of Sandy Cay Development Co. Limited Tony Myers told National Review that claims the company is making substantial sums of money from its aragonite operation at Ocean Cay are not true. The Bahamas National Citizens Coalition, National Congress of Trade Unions of The Bahamas President John Pinder and others have …
6. Ocean Cay is a Man-Made Island. Ocean Cay is an artificial island that was built in the late 1960s by dredging, with the purpose of mining Aragonite sand. It's now considered a Marine Reserve with conservation status, and as part of the renovation, MSC Cruises has preserved the ecosystem. Ocean Cay is man-made.
Source: World Dredging & Marine Construction Ang isang pasilidad ng produksiyon ng aragonite na malapit sa Bimini, ang Bahamas ay nangangailangan ng pumping ng mineral slurry sa isang malapit na kaisa na barge at pagkatapos ay sa pamamagitan ng 6,000 na mga paa ng linya sa isang halaman ng dewatering sa Ocean Cay, isang kalapit na …
Mr Myers explained that the area where his firm used to conduct aragonite mining was called "Sandy", but it ceased all such activity off Ocean Cay - the man-made island near Bimini - when it ...
4. Mining Facilities From its initial construction, Ocean Cay has served in an industrial capacity. For more than thirty years it has been a site for aragonite dredging and processing. Ocean Cay is devoid of any permanent residents and its electrical supply is facilitated through diesel-operated generators. The Proposal
Ocean Cay where mining occurred for 40 years, shows no sign of recovery." In 2018, the Ministry of the Environment commissioned a study into the economic value …
Currently the only major aragonite mining operation exists on Ocean Cay, located 65 miles to the west of Florida and 116 miles east of Nassau. That project is carried out by Sandy Cay Development Company Limited under a 25-year lease initiated in 2010. ... Currently the only major aragonite mining operation exists on Ocean Cay, located 65 …
nmckenzie@tribunemedia. 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 Munnings, an attorney and president of The Bahamas Natural Resources Foundation (BNRF), which launched in …
An Act to encourage the mining by Ocean Industries Incorporated of calcareous deposits known as aragonite. [Assent 7th May, 1971] ... (Aragonite Mining Encouragement) Act, 1971. (2) This Act, excepting section 4 thereof, shall be ... creation of an Artificial Island adjacent to the island of Sandy Cay in "Parcel C", the general location …
