All miners, stakeholders required to open bank accounts, update records at GGMC

The Guyana Geology and Mines Commission (GGMC) has announced that all miners and stakeholders, including traders, must present themselves at the Commission’s office for the purpose of updating their personal records.

Such records include, but are not limited to, mailing address, electronic mail address(es), telephone contact number(s), and banking details. The obligation to ensure that this information is accurate and current rests solely with the licence or permit holder.

All updates must be completed no later than 31 January 2026.

The Commission said non-compliance with this requirement shall result in the suspension of the relevant licence(s) and/or permit(s).

The GGMC also gives notice that, pursuant to its regulatory and supervisory authority, all miners and stakeholders are required to maintain a local bank account as a mandatory condition for the processing, access, and/or renewal of permits and licences.

All persons who have not previously submitted their banking information to the Commission are hereby required to do so on or before 31 January 2026.

Any person who is not currently the holder of a bank account is required to take immediate steps to regularise this matter. In furtherance of this requirement, the Ministry of Natural Resources shall collaborate with the banking sector to facilitate outreach exercises in Mahdia, Puruni, and Matthew’s Ridge, during which authorised representatives of banking institutions will assist with the establishment of personal bank accounts.

A further notice shall be issued advising of the dates and times of such outreach activities.

Non-compliance with this requirement will affect the processing, issuance, or renewal of licences and/or permits.