Gold board rejects ‘criminalizing’ charge by miners

-says ensuring compliance with law

The Guyana Gold Board (GGB) has rejected a statement by the miners association that the GGB’s ongoing crackdown on dealers and miners over gold declarations is an attempt to criminalize the mining industry.

“The GGB has been mandated by the Board of Directors and the Ministry of Natural Resources and the Environment to ensure full stakeholders collaboration in fulfilling its obligations for the betterment of the gold trading sector and the wider mining community. The GGB reiterates the recognition of miners, dealers and other stakeholder(s) of the gold sector to the national economy and denounces any effort to impute motives that these ongoing examinations are a matter of criminalization,” the GGB said in a statement sent via the Ministry of Natural Resources and the Environment.

On Tuesday, incensed at what it said were attempts by government officials to criminalize the entire mining industry over the 20% drop in gold declarations, the Guyana Gold and Diamond Miners Association (GGDMA) summoned an emergency meeting for June 26th to address the way forward. In a statement, the GGDMA also pilloried the Ministry of Natural Resources and the Environment over the resuscitation of an “archaic” law which it says threatens miners and other stakeholders with jail terms of up to five years for failing to sell gold within a specified period. Sources say this law is the Gold Board Act of 1981 which had contained stringent provisions meant to stamp out smuggling and illicit foreign currency transactions during the economic decline of the 1980s. Application  …..To continue reading, login or subscribe now.



Join the Conversation

After you comment, click Post. If you're not already logged in you will be asked to log in or register.

The Comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit/delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity. We moderate ALL comments, so your comment will not be published until it has been reviewed by a moderator.