Showing posts with label Bahamas natural resources. Show all posts
Showing posts with label Bahamas natural resources. Show all posts

Saturday, May 10, 2014

The Aragonite Royalty Issue in The Bahamas


Aragonite Bahamas


Environment Minister Ignores Union’s Request on Aragonite Exports


By Jones Bahamas:



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.

While speaking to reporters outside of Cabinet yesterday Minister Dorsett brushed off the union’s suggestion for the government to review the agreement for aragonite export which reportedly now sees the government receiving $2 per metric ton to increase it to $350 per metric ton.



“We’re not following the union’s direction, I’ve spoken in parliament on this matter, on the fact that we are now moving to create the national resources unit in my ministry. I have spoken about salt, I have spoken about aragonite, I’ve spoken about oil, all of our extractive natural resources and the people of The Bahamas getting through the government fair compensation for the exploitation of those resources so this is nothing new,” he said.

“With respect to aragonite we are looking at the entire legislative framework because the existing legislation that is on the books which is quite dated was an approval for a specific company to carry out the undertaking in the absence of comprehensive environmental regulations governing the activity so were looking at the entire sector.”

Moving forward, Minister Dorsett said the government will use other countries as a benchmark to consider the best ways advance the industry.

Minister Dorsett also took the time to address claims that the government gave approval to a local developer to mine aragonite near East Grand Bahama.

“My colleague, the minister responsible for Grand Bahama has indicated that certain statements were made at a recent meeting in East Grand Bahama that may possibly give the impression that the government has approved aragonite mining activity on Burses Cay, I want to set the record straight in that regard,” he said.

“No such approval has been given by the government of the Commonwealth of The Bahamas.”

According to Mr. Dorsett, the Nassau Island Development Company submitted an application to the government to mine aragonite on Burses Cay, however he said it is only under review.

He added that if any decision is made, the protection of the environment will remain a top priority.

During a press conference in Rawson Square earlier this week, the NCTUB president urged the government to renegotiate the amount of royalties the country receives from the export of aragonite.

According to Mr. Pinder while the country currently receives only $2 per metric ton, it is sold at $900 dollars per ton by the Billingham Dredging Corporation.

Mr. Pinder said the country is projected to reap $4.2 billion annually if royalties are received no less than $350 dollars.

Aragonite is a specific form of calcium carbonate sand.  It is used to produce, cement, glass containers, soil and agricultural lime.

May 09, 2014

Jones Bahamas

Thursday, January 15, 2004

The Clifton Property Bill to Establish the Clifton Heritage Authority Is Scheduled For Parliamentary Debate


Clifton Heritage Park - Nassau, N.P., The Bahamas


The Official Opposition, Free National Movement (FNM) Party Parliamentarians Will Not Dispute The Core Issue of Turning The Clifton Property into a National Park 


Bahamas Government To Move On Clifton


15/01/2004



The large parcel of land on the western tip of New Providence known as the Clifton property has long been in limbo.


But that could soon come to an end.


As Members of Parliament prepare to begin debate on a bill to establish the Clifton Heritage Authority, the spotlight could again be placed on the controversy over the property that once ignited passionate debate that reached a fever pitch several years back.


Opposition Whip in the House Brent Symonette told the Bahama Journal Wednesday that there are questions that will no doubt arise regarding whether the Authority will be truly independent.


He said he expects "an interesting and heated debate."   But he noted that the opposition should not dispute the core issue - that is turning the land into a national park.


Five years ago, some members of the Free National Movement Government supported turning the area into a multimillion-dollar gated community with then Deputy Prime Minister Frank Watson insisting that, "the development will bring a stream of returning tourists year after year...it will provide any number of other jobs in the tourism industry."


Since that debate died down, the property, which was the site of significant archaeological finds, has remained untouched.


Among other things, the Authority would lead the way in raising money for the government to pay for the land, which is estimated by some to be worth about $20 million.   The government intends to issue bonds in this respect.


In 1989, the then government acquired the property from Nancy Oakes, who now resides in London.


The matter has stretched three administrations, but Ms. Oakes, now ailing, never received payment for the land.


Her attorney, Paul Adderley, told the Bahama Journal Wednesday that before the present government came up with this new option to pay for the property, she had been interested in getting the property back.


"The Constitution provides for prompt payment," he noted.


Mr. Adderley also pointed out that Ms. Oakes "is not as rich as people think she is" and he intimated that the payment would be long overdue.


Establishing a national park at the Clifton property would be a fulfillment of a Progressive Liberal Party campaign promise.  In fact, Mr. Symonette believes the debate in parliament will turn into a "political football."


In early 1999, the PLP, while in opposition, joined the tide of strong resistance to the Clifton Cay development proposed at the time.  Prime Minister Perry Christie, while in opposition, said he believed that the development would have placed in foreign hands far too much of the extremely scares natural resources that exist in New Providence.


Mr. Christie said he believed that the government should have retained the full 600 acres of land in trust for the Bahamian people.  The portion of land that would be under the Authority's control would be 208 acres.


"If the government can raise $20 million to fund the cost of a new bridge to the Sun International Resort (now Kerzner International) it can surely apply the same ingenuity to raise a lesser amount of capital to hold the Clifton Cay property in trust for present and future generations of Bahamians,"  Mr. Christie told the Bahama Journal in February, 1999.


American investors, James Anthony and James Chaffin, were in 1999 pushing a plan to turn Clifton into a $400 million gated community, a proposal that was so strongly opposed by some Bahamians, the investors soon packed up and left town.


Now, Clifton appears to face future persons who had opposed the development had been pushing for.


The bill before parliament would give the Authority to be established the power to "hold, manage, maintain, preserve, promote and develop [the property] as a national park and historic cultural heritage site."


The Authority would also enter into archaeological and other joint ventures with persons and entities of international and unimpeachable repute.


It would no doubt be a bit of a victory for the Coalition to Save Clifton Cay, which has quieted since debate on the property fizzled, but, according to its leader, has continued to review developments regarding the property.


Vice President of the Senate Dr. C. B. Moss, who helped form the Coalition several years ago, said the group supports the bill, but has some "minor" concerns.


But Rev. Moss added, "We think that the spirit of the proposed legislation would provide adequate protection for what we want to see there."