Business

A vessel, linked to at least one government official, has been held by the Guyana Revenue Authority (GRA) with more than 200,000 gallons of smuggled fuel and would  be released after GY$36 million in taxes have been paid, Commissioner-General of the Guyana Revenue Authority (GRA), Godfrey Statia said Tuesday. “We have actually boarded the vessel until our taxes have been ...

The Guyana Revenue Authority (GRA) is preparing to audit ExxonMobil’s operations, even as it prepares to staff a special Oil and Gas Unit with as much as 100 persons by 2020 when the country is expected to earn at least US$700 million annually from oil production, GRA Commissioner General, Godfrey Statia said Tuesday. “We have already notified Exxon of our ...

Minister of Natural Resources, Raphael Trotman on Tuesday directed the Guyana Gold Board (GGB) to stop burning gold at its Brickdam-based laboratory, after more than 60 workers of the Guyana Geology and Mines Commission (GGMC) recorded high levels of the potentially deadly chemical in their bloodstream. Trotman’s office said he “has directed that the burning of raw gold at the ...

As Oldendorff Carriers, which transships bauxite from RUSAL’s mines in the Upper Berbice River,  prepares to close operations in Guyana in early June if the United States (US) does not soften its sanctions on Russia, the union is preparing to seek compensation for an estimated 200 workers who could be laid off. Following talks with the Ministry of Natural Resources ...

NOBLE BOB DOUGLAS: A drill-ship that is a home away from home for not only the mostly foreign workers, who are currently, searching for more oil offshore Guyana, but also for the 14 Guyanese who have clinched jobs either directly with Noble or through sub-contracting arrangements for catering and logistics. Either way, their local training and experience at institutions such ...

Hinterland airstrips will soon be bright and easily accessible at nights with use of rechargeable lights that will better facilitate use by aircraft at nights. For years, insufficient lighting on several hinterland airstrips has significantly hindered flights entering and leaving the hinterland regions at nights, especially during emergencies. Recognising that, Minister of Public Infrastructure, David Patterson said efforts are ongoing ...

Director of the State Assets Recovery Agency (SARA), Professor Clive Thomas on Friday said information provided by several foreign agencies was being converted into evidence to build solid cases to recover cash and other properties locally and overseas. “That’s what we are doing most of the time. That’s what make the cases long- have to convert the information into evidence…That’s ...

The Board of the Guyana Geology and Mines Commission (GGMC) has recommended temporary closure of that entity until the environment is scrubbed of all mercury residue and the Guyana Gold Board (GGB) removes the laboratory that emits mercury while burning gold being bought from miners, a top GGMC official said. Chairman of the GGMC’s Board of Directors, Stanley Ming said ...

The Head of the State Assets Recovery Agency , Professor Clive Thomas says evidence from international law enforcement agencies have revealed a “massive scale of corruption and money laundering” during the period that Bharrat Jagdeo served as Guyana’s President. “Documents received from external Law Enforcement Agencies such as Interpol, Homeland Security and CFATF (Caribbean Financial Action Task Force) have shown the ...

Oldendorff Carriers, the German-headquartered bauxite transshipment company that employs almost 200 Guyanese, has reportedly decided to shut down its operations in Guyana because of United States (US) sanctions against Russian Aluminium (RUSAL). Tradewindsnews reported that Oldendorff told that publication that it “will fully comply with US sanctions and therefore will be winding up its business in Guyana in a timely ...