…SSS Minerals Trading Inc. dropped from list

AS at February 9, 2018, there were eight licensed gold dealers who are authorised to act as agents to the Guyana Gold Board in the trading of gold in accordance with the Guyana Gold Board Act Chapter 66:01, Section 9.

The Guyana Chronicle was reliably informed of the development yesterday by a source close to the board.
The eight authorised gold dealers are Mohamed’s Enterprise, Eldorado Trading, Pure Diamonds Inc., Excel Minerals Inc., Dinar Trading Inc., Adamantium Trading Inc., the Guyana Bank for Trade and Industry Holdings and Gold Bar Inc.

Not among the list was SSS Minerals Trading Inc., whose owner Siddiqi ‘Bobby’ Rasul was implicated in a multimillion-dollar fraud early in 2017. Rasul was charged with six counts of obtaining money by false pretence, after he was fingered in a $956M fraud at the Guyana Bank for Trade and Industry (GBTI).

As a result of that incident and subsequent instances of impropriety at the Guyana Gold Board, the agency put in place a number of stringent measures, including documentation required for doing business.

All authorised agents when transacting business must present as applicable a national identification card, passport or driver’s licence, Taxpayer Identification Number (TIN), Proof of address (utility bills or bank statements), GGMC mining documents (e.g. Production Sheets; Mining Privilege; Dredge Licence; Traders’ Licence or GRA Licence to Barter) and Authorisation/power of attorney if selling on behalf of another.