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By Leonard GildarieCEO of MACORP, Jorge MedinaThis week we celebrated Christmas, and one cannot help but wonder where Guyanese find all the money to shop so much. It has been that way for years, but within recent times, the situation seems to have escalated into a frenzy, especially in the city. Traffic jams are but one indication. Guyanese are known to pull out all the stops for the festive season. So is it more of a case of window shopping or is it that there is a lot of money going around?I am asking this because just over a week ago we learnt that gold declarations this year will be at least 100,000 ounces short of the original target. That means on a conservative estimate,Wholesale NHL Jerseys, at least US$100M in foreign export earnings have fallen off. So where is the money coming from?Government is set to revise downwards its growth figures because of the obvious dent that will be left by the gold performance.At mid-year, the Ministry of Finance dropped its target by more than 30,000 ounces to 450,000 ounces. It may barely reach 385,000 ounces. We learnt that the impact of poor world prices became more pronounced this year with operations reducing, affecting declarations. It will, of course,Cheap Jerseys From China, impact the economy significantly.We spoke two weeks ago about the effect on truckers, one of the many integral cogs in the wheel.For someone unfamiliar with the situation and living on the coastland or the city, there is another world in Guyana, and it needs food, fuel, clothing and other services. The hinterland’s very existence depends on transportation – planes, trucks, minibuses, and even those four-wheel all-terrain vehicles (ATVs). There is an old joke that when an Amerindian tells you he going around the corner, it is 10 miles away. Transportation is indeed critical in the hinterland.While logging, mining, farming,Cheap NFL Jerseys Authentic, and some level of trading, have been the mainstay of many communities, the attention has shifted in recent years. Gold mining became a high-paying, ambitious employer, attracting workers in droves. It stole workers from the construction sector, the sugar industry, transportation, logging and even bauxite.I am being told that the Cuyuni/Mazaruni area especially, saw the migration of scores of ‘career bandits’ who opted for a safer way of earning a living. With the contraction of the industry now, and workers being sent home, there is worry now by the law enforcement agencies that the tide could unfortunately turn.SUPPLIERSA major player has been overlooked in the whole process – the suppliers.In addition to food, fuel and vehicle spares, the development in the gold industry has seen the emergence of another set of entrepreneurs – heavy equipment and spares. Agri Parts, Japarts, Crown Mining and MACORP (Machinery Corporation of Guyana Limited) are some of the companies who capitalized having invested heavily.In fact, around 5,000 excavators have been reportedly sold in the last five years, according to sources within the Guyana Gold and Diamond Miners Association (GGDMA). Staggering, if one considers that one excavator, used to clear the earth so that the dredges can operate, can cost at least $35M.Bulldozers, ATVs, trucks and pickups, generators, stoves and pumps were all in high demand during the height of the gold rush. So too was road-making equipment.Those little links on which the excavator runs cost a pretty penny, at least $50,000 for one. So too can the buckets and belts. Oil, filters, generators, long boots, batteries, mosquito netting and yes, even hammocks, have been coveted. I happen to learn that some of the mining companies would keep stocks like even toothbrushes and deodorant. Of course, the employees would have to pay for these.I made contact with a few of the suppliers in recent weeks. There is some worry in the industry.Several of the big miners,Cheap Jerseys For Wholesale, the Guyana Geology and Mines Commission confirmed two Fridays ago, had scaled back, closing off operations.On a slightly more optimistic note, according to MACORP, there is tremendous hope for Guyana’s economy. The company has the franchise on Caterpillar machinery. Chief Executive Officer, Jorge Medina, in a recent media statement expressed the belief that finding oil will have a significant impact on Guyana, putting it well on the way of development, because of the effects of cheaper power.Judging from the equipment at this mining site, it is safe to conclude that investments are substantial.While not giving figures with regards to repossession of large equipment, Medina is upbeat.According to him, although there have been some perceptible challenges, such as the lowering in the gold prices, MACORP stands ready to buckle