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International expert to help close in on gold smuggling

The Guyana government says it is securing foreign assistance to close in on gold smugglers, even as it chases a target of 600,000 ounces for this year. Minister of Natural Resources, Raphael Trotman said the international law enforcement expert would be coming to Guyana “to both advise and to help us with some interdictions.” “I don’t think that there are ...

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British think-tank to advise Guyana on feasibility of oil refinery

The United Kingdom’s (UK)  leading think-tank  is helping Guyana decide whether it will be feasible to build an oil refinery here and, if so, what is the best model, Minister of Natural Resources, Raphael Trotman announced Friday. He said the New Producers Group of Chatham House- the Royal Institute of International Affairs- is expected to tell government by year-end whether ...

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Foreign experts to help re-program GPL’s management

Fifteen foreign advisers are to be hired to help strengthen the Guyana Power and Light’s (GPL) management and reduce losses currently pegged at GPL’s Chairman of the Board of Directors, Robert Badal said that the US$7.4 million component of the Public Utility Upgrade Programme would be used to hire seven engineers and other training experts from Manitoba Hydro International with global experience. ...

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Integrity of new Oil and Gas Association boss under microscope

Less than one week after the Guyana Oil and Gas Association (GOGA) was formally launched, the future of it President and Chief Executive Officer, Bobby Gossai Jr. hangs in the balance after reports surfaced that he was named in a recent government-sponsored forensic audit. GOGA said in a statement that it was unaware of the “specific contents” of the Audit ...

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Gafoor’s Industries decides its future after two fires

Baffled at two recent fires at Gafoor’s Industries’ Houston, East Bank Demerara that resulted in almost US$20 million dollars in losses, management has already decided its next move if there is third blaze. Managing Director, Sattaur Gafoor declined to divulge the decision. He said one of the major concerns in the aftermath of the second fire is whether the insurance ...

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Guyana Oil and Gas Association to push transparency, local jobs, training

The Guyana Oil and Gas Association (GOGA), which was launched Tuesday night, has its eyes set on ensuring transparency and accountability of transactions and adequate provision for Guyanese to be directly or indirectly employed. “GOGA will support all efforts which will lead to the fullest possible disclosure of all information on all transactions related to the exploitation of this national ...

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Guyana Foundation Sunrise Center pilot phase successfully completed

Hague Back, Guyana – (October 11, 2016) The Guyana Foundation recently announced that the pilot phase of its Sunrise Center on the Essequibo Coast was successfully completed. This announcement was made last week at the Westin Hotel, Grand Cayman, during a presentation by the Foundation’s Founder, Mrs. Supriya Singh-Bodden, C.C.H., and its Managing Director, Mr. Anthony Autar. In attendance were ...

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Caricom suspends tariff on several inputs for Guyanese manufacturers

The Guyana Manufacturing and Services Association (GMSA) on Monday announced that the suspension of taxes and duties on several inputs now that the Caribbean Community (Caricom) but it would be pushing for the permanent removal of those items from the Common External Tariff (CET) list. “The Guyana Manufacturing & Services Association GMSA, was pleased to be informed by its membership that with ...

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