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 …Web
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"For example, aragonite from Cay, Berry Island, Tongue of the Ocean and Eleuthera take 160 years. Aragonite from Lilly Bank takes 296 years to form, that from the Bight of Acklins, 740 years." US Company Dillingham Corporation mined since 1970's. The Dillingham Corporation of Honolulu had a concession to mine aragonite in a sea …Web
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When MSC Cruises took responsibility for Ocean Cay in 2015, the island had suffered from decades of industrial use, including aragonite sand mining. The company embarked on a restoration ...Web
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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 …Web
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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 ...Web
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But Ocean Industries also proved too small to finance such things as bulk transport craft that would carry away is a single load up to 80,000 tons of the aragonite or the complex mining dredges ...Web
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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.Web
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In March 2023, a 51-year-old Korean cruise passenger at Ocean Cay was found unresponsive at Light House Beach. In her research, Ms Charles said she learned that Ocean Cay was an old mining site ...Web
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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.Web
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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.Web
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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 ...Web
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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 …Web
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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 ...Web
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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 …Web
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nmckenzie@tribunemedia. MEDITERRANEAN Shipping Company (MSC) executives yesterday said $300m has been invested to-date in transforming Ocean Cay from an "industrial site into paradise", with ...Web
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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 ...Web
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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.Web
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Of all the 3,000 islands and islets and cays in the Bahamas, Ocean Cay is the least lovely. The sand that Dillingham is dredging is a specific form of calcium carbonate called aragonite. Original Description: ... What effect aragonite mining actually w ill have on any parcel of the Great Bahama Bank is still a w ild guess since no one has a ...Web
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realfreethinker 9 years, 6 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.Web
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The Bahamian leaseholder of Ocean Cay will have "the biggest smiles ever" as a result of the deal that will see Mediterranean Shipping Company (MSC) take over the island for its $100 million ...Web
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The rights to mine aragonite at ocean cay was later sold to another company. there is no aragonite mining activity going on Ocean cay presently. Upvote 0. Sign in to reply ...Web
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How did a natural science study into the Flora and Fauna of the Bahamas in 1953 turn into large scale Aragonite mining operation by 1959, then a man made CAY …Web
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Currently the country's only major aragonite mining operation is on Ocean Cay, which is 27 miles south of Bimini.Web
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STEP ONE Find a paradise lost The island of Ocean Cay lies, as part of The Bahamas, in the azure waters of the tropical western Atlantic, 65 miles (104 kilometers) east of Miami, Florida....Web
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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.Web
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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.Web
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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.Web
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"Ocean Cay where mining occurred for 40 years shows no sign of recovery. "This is why the government placed a moratorium on …Web
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The cay was the company's aragonite mining base until market conditions forced it to close. In 1984, Florida-based Marcona Ocean Industries took over the lease and held it until 2000, when it ...Web
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Aragonite - Ocean Cay was the sale location till the sale to MSC which produced Aragonite and exported the product. ... the only mining that seems to be popular is quarrying our hills in Nassau ...Web
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Currently, the only major aragonite mining operation exists on Ocean Cay. That project is carried out by Sandy Cay Development Company Limited under a 25-year lease initiated in 2010. Among the companies that Sandy Cay Development Company supplies is U.S. Aragonite Enterprises LLC, which produces a plastic product known as …Web
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Currently, the only major aragonite mining operation exists on Ocean Cay. That project is carried out by Sandy Cay Development Company Limited under a 25-year …Web
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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 …Web
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(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 theWeb
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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 …Web
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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 …Web
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Having been abandoned in 2015 after decades of industrial mining for aragonite sand, the entire area had been left in a poor state. ... the Ocean Cay team are working to ensure that they're ...Web
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