Business

Republic Bank on Wednesday has confirmed that some of its customers have been impacted by recent fraudulent activity on its Visa International Debit cards. Following is the remainder of the Republic Bank statement. Through its robust monitoring systems, the Bank was able to quickly identify cases where customers’ cards were compromised and was able to effectively minimise the risk to ...

A Canadian-registered Twin Otter plane, whose purchase and operation had triggered concerns that Aurora Gold Mine (AGM) had been taking away revenue from the local aviation company, has been sold, the Canadian mining company said. “The Twin Otter is being sold overseas and it is due to depart Guyana around mid-June,” AGM said in a statement. In making the announcement, ...

Chairman of the Alliance For Change (AFC), Khemraj Ramjattan has defended his party’s decision to have hired a United States (US)-based company that said it targeted undecided voters and helped secure a victory for the governing APNU+AFC coalition, even as he said it would not be the same as the opposition’s plan to peddle fake news and disinformation in the ...

Internationally renowned Guyanese historian, Professor Kimani Nehusi on Sunday called for African-Guyanese organisations to unite, and he singled out the need for that racial group to have a sense of identity if they are to lobby the State to redistribute lands and spend some of the oil revenues on addressing the horrendous impacts of slavery. Speaking at an interactive session ...

34 gold miners occupying Mazao Hill and engaging in “dangerous and illegal” mining at Marudi Mountain in Region 9 (Upper Takutu-Upper Essequibo), southern Guyana, were being removed because they breached a 2016 agreement, the Ministry of Natural Resources said Sunday. Authorities said the Guyana Geology and Mines Commission (GGMC) decided to bring a halt to illegal mining in that area ...

Former Executive Director of the Caribbean Financial Action Task Force (CFATF), Calvin Wilson on Saturday cautioned that if Guyana does not maintain a clean bill of financial health, oil companies and staff would encounter bottlenecks in sending their profits and earnings overseas. He told a media workshop organised by the Guyana Press Association (GPA) that if Guyana does not satisfy ...

IRVING, Texas – ExxonMobil said Friday it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Liza Phase 2 will produce up to 220,000 barrels of oil per day and further capitalize on the significant development potential of the Stabroek Block, where ExxonMobil estimates producing more than 750,000 barrels of oil per day ...

Reproduced from Mining.com A bitter battle for control of Canada’s Guyana Goldfields (TSX: GUY) between the miner and dissenting shareholders led by founder and ousted chairman, Patrick Sheridan, has been finally settled this week, costing the company’s head his job. As part of the agreement, the Toronto-based miner is appointing two new independent directors to the board — Alan Pangbourne ...

The Cheddi Jagan International Airport (CJIA) on Saturday said it has no legal obligation to the International Air Transport Association (IATA) to provide information about the new airport security fee. The airport authority further laid the responsibility to end the long passenger delays squarely in the hands of IATA to put in place the pay codes. “Three months have passed ...

Police on Wednesday said they arrested two suspects in connection with the gunning down of  a driver-mechanic at Kuribrong Trail, Potaro River, on Easter Monday. “Two suspects are in custody assisting with the investigation. The autopsy is scheduled for tomorrow (Wednesday),” police said. A gold miner, Elon Thomas, who the assailants believed had witnessed the shooting incident, fled from his ...