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Guyana suspends mining licenses of more than 100 Brazilians in gold smuggling crackdown
Guyana suspended 107 mining licenses after accusing miners of undeclared gold sales and smuggling, risking a major foreign-exchange source, with up to 15,000 ounces smuggled weekly.
- On Monday, Guyana's Geology and Mines Commission announced it immediately suspended licenses for 107 miners and summoned permit holders for records checks, Commissioner Newell Dennison told the AP on Tuesday.
- Last week, President Irfaan Ali ordered miners to comply within 24 hours or face suspension and deportation, as authorities accuse them of undeclared gold sales to the state-run gold board or authorized buyers.
- Using powerful dredges, Brazilian miners operate in remote western and southwestern areas near the Brazilian border, but both the commission and miners association say numbers and oversight remain unclear.
- Officials warn the discrepancy in declared output has reduced gold's contribution to Guyana's economy, with 15,000 troy ounces weekly reportedly smuggled out, undermining revenue.
- Amid rising global gold prices, the U.S. Treasury sanctioned Nazar and Azruddin Mohamed for allegedly smuggling more than 22,000 pounds and evading over $50 million in taxes.
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Associated Press News+10 Reposted by 10 other sources
Guyana suspends mining licenses of more than 100 Brazilians in gold smuggling crackdown
Guyana has threatened to deport over 100 Brazilian miners and suspended their licenses. The miners are accused of producing large amounts of raw gold but not declaring it or failing to sell it to the government or authorized buyers.
·United States
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Total News Sources11
Leaning Left5Leaning Right1Center4Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 40%
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