Business

The eight-member board of the Guyana Civil Aviation Authority (GCAA) has been named with a new Chairman, but it is yet to meet to begin addressing a number of key and critical issues for the aviation sector. Appointments to the Board of Directors for two years with effect from December 7, 2015 to December 6, 2017 have been gazetted since ...

by Telesha Vidya Ramnarine THE Georgetown Mayor and City Council (M&CC) is in the process of deciding what it will do with the 46 vendors of the Kitty Market who are “in harm’s way.” “It is unsafe; in a ruinous condition,” Town Clerk Royston King said of the market which is located at the corners of Barr and Alexander Streets, ...

A gold mine in western Guyana where 11 persons were killed last year when a mining pit collapsed would remain closed because the head of the operation has failed to put proper systems in place to avoid a recurrence, Minister of Natural Resources, Raphael Trotman announced Sunday. “We are not going to disrespect the dead and just open that mine ...

The  Chairman of the Board of the Guyana Revenue Authority (GRA), Rawle Lucas Sunday rejected claims by the Private Sector Commission that tax agents searched or seized property from the home of Commissioner General, Kurshid Sattaur. Sattaur has been sent on leave to pave the way for an audit of the tax collection and Guyana’s major revenue generation agency. Lucas ...

The Private Sector Commission says it concerned about media reports of the recent search, by officials of the Guyana Revenue Authority, of the home of the Commissioner General of the agency, Mr. Khurshid Sattaur, and the seizure of various items belonging to the GRA. Following is the remainder of the statement The Commission is both perturbed and concerned at this treatment ...

The Acting President of Transparency Institute of Guyana Inc. (TIGI) Compton Meerabux says that Junior Natural Resources Minister Simona Broomes should relinquish all her interests in Guyana’s lucrative gold mining sector. Broomes was recently relieved of her duties as Social Protection Minister and appointed Natural Resources Minister. Questioned by Demerara Waves on Wednsday, Broomes admitted to owning claims in the ...

There will be no more US$3,000 signatures for Duty Free Concessions, says Natural Resources Minister Raphael Trotman who said that government would now be looking to engage miners bi-monthly to address some of their concerns. The Minister at a press conference today stated that he was made aware that some persons would pay as much as US$3000, for him to sign ...

Junior Minister of Natural Resources, Simona Broomes Wednesday denied that she is in a conflict of interest position because she has interests in the mining sector. “I don’t see it as a conflict of interest. I have three mining properties in the Issano area and Pharsalus and I had  a contract gone back years and if they are to mine the ...

Some 15,000 ounces of raw gold are being transported out of Guyana weekly, says Natural Resources Minister Raphael Trotman who disclosed that the Federal Bureau of Investigation and United States (US) Homeland Security are looking into the issue. Trotman made the disclosure at a press conference on Wednesday detailing that while some of the gold comes directly from Guyana, some ...

TORONTO, Jan. 5, 2016 /CNW/ – Guyana Goldfields Inc. (TSX:GUY) announced that gold production for 2015 mining operations totalled 35,901 ounces at its Aurora Gold Mine (“Aurora”) in Guyana, South America. From October 1, 2015 to December 31, 2015, the Company produced 35,723 ounces of gold, of which, 28,850 ounces were sold at an average realized price of $1,079 per ...