Guyana still without legislation or regulation that outlines fines for oil spills

The Guyana government has made no known moves to amend existing laws or introduce new policies that would cater for...

ExxonMobil’s partners only bring money to Stabroek Block

The Stabroek Block is controlled by a consortium of three companies: Hess Guyana Exploration Ltd, China National Offshore Oil Corporation...

Gold Board seeking to return operations to normality; appeals for continued patience

It has been approximately one month since the Guyana Gold Board (GGB) ceased burning raw gold in the Guyana Geology...

ExxonMobil can provide Parliamentary Committee with data to prove local content

ExxonMobil has no qualms appearing before the Parliamentary Sectoral Committee on Natural Resources. In fact, the company is eager to...

Guyana can end up repaying oil companies for unnecessary costs in absence of Expense...

Every Production Sharing Contract (PSC) ought to have an expense policy; a clear set of provisions that state what can...

GRA launches probe into transfer pricing in manufacturing sector

The Guyana Revenue Authority (GRA) has launched a full scale investigation into rampant transfer pricing activities in the local manufacturing...

Gold Board uses Pure Diamond Lab to burn mercury off gold

The Guyana Gold Board is currently using the laboratory facilities of Pure Diamond to burn the amalgam off the gold...

Draft Local Content Policy requires consultation on procurement, employment targets

The second draft of Guyana’s Local Content Policy has finally been for the public’s perusal. Minister of Business, Dominic Gaskin has...

Local manufacturers robbing Guyana of rightful taxes through transfer pricing mechanisms

Sources at the Ministry of Finance confirmed that two multi-million dollar companies have been engaged in the practice of transfer...

Leadership crisis at GGMC negatively impacting mining industry- GGDMA

Members of the Guyana Gold and Diamond Miners Association (GGDMA) are displeased with the performance of the new cadre of...

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