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Economy

More than 100 residents draw mining land lottery

Mining lands were distributed to over 100 applicants at the first in a series of lotteries held on Friday in Georgetown. But the recipients must by April 22 submit proof of identity through a Taxpayer Identification Number (TIN) certificate, address and other relevant documents or forfeit their opportunity, officials declared. The Ministry of Natural Resources said the lottery is “part ...

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Democratic governance, “independent and active” civil society necessary – US envoy

United States Ambassador to Guyana, Sarah-Ann Lynch Tuesday night cited the need for democracy and an independent civil society to sustain private sector growth and development. “Together with sound, democratic governance and an independent and active civil society, the private sector here has the opportunity to thrive and Guyana has the opportunity to become one of the wealthiest countries in ...

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Talks begin on building renewable energy power plant in Guyana

The Guyana government and a major Japanese solar energy company last week opened talks on constructing a renewable energy power plant in Guyana. Last Friday, a group of investors from the United States, Japan, Korea, the Malaysian Group, Smart City Clearing Corporation, and Capital Fund met with the Ministry of Public Infrastructure’s Chief Executive Officer of the Hinterland Electrification Company ...

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Kuwait funding study to improve Belfield to Rosignol road

Residents of more than 27 villages along Belfield, East Coast Demerara, to Rosignol, West Coast Berbice, can look forward to improved road access and connectivity as the Ministry of Public Infrastructure (MOPI) moves to start a technical and economic feasibility study for the redesign of the road network. The redesign feasibility study for that stretch of the road will be ...

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Christopher Ram moves to Court to block gov’t contracts over GYD$15 million

Attorney-at-law and Chartered Accountant, Christopher Ram on Friday asked the High Court to block the award of government contracts worth more than GYD$15 million. Through his lawyers, including Anil Nandlall, Ram also wants the High Court to declare that all such contracts that were awarded since the no-confidence motion was passed on December 21, 2o18 were “unconstitutional, unlawful, null, void ...

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RUSAL-BCGI workers will continue river blockade until labour dispute is resolved – unions

The United Company Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana, Inc. on Monday called on striking workers to stop blocking the upper Berbice River and allow bauxite-laden barges to pass in exchange for the reinstatement of 61 workers, officials said. Government’s Chief Labour Officer, Charles Ogle and Junior Minister of Labour, Keith Scott said the company has tabled proposals to ...

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RUSAL suspends Guyana operations, moves equipment to warehouse for protection

Russian aluminum giant, RUSAL, has suspended bauxite production in Guyana and moved its equipment to a warehouse for protection, the Russian news agency, Sputnik, reported Sunday. “At the moment, the activities of the mining department are still suspended; equipment has been moved to a warehouse and is under protection,” the spokesperson was quoted as saying. Aggrieved workers began blocking the ...

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RUSAL-BCGI: Gov’t to consider implications of “either them closing or we closing them”- Trotman

As the Labour Department hopes to meet with the management of the Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Incorporated (BCGI) and the Guyana Bauxite and General Workers’ Union (GB&GWU) in yet another move to reinstate 61  dismissed workers, government is considering whether to shut down the operations. Minister of Natural Resources, Raphael Trotman said “we are very disappointed and ...

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South Africa to assist Guyana’s mining sector

South Africa and Guyana on Friday inked a wide-ranging declaration that could see this country benefitting in a range of areas. Signed by South Africa’s Deputy Minister of Mineral Resources, Godfrey Oliphant and Minister of Natural Resources, Raphael Trotman, the declaration provides for that southern African nation to assist Guyana with mapping among other areas. “At the invitation of the ...

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Cheap, reliable electricity needed – GMSA, IDB

The Guyana Manufacturing and Services Association (GMSA) on Thursday reiterated the need for cheaper electricity, a call that was backed up by the Inter-American Development Bank (IDB). President of GMSA, Shyam Nokta issued the call for a reduction in taxes on fuel at the formal opening of his organisation’s Annual General Meeting held at the Marriott Hotel. “Tax measures introduced ...

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