Concessions approved for Aussie mining venture

Government has approved duty and tax-free concessions for equipment and other goods to be brought into the country by the Australian gold mining company Troy Resources Limited for its Karouni Gold Project.

The Investment Development Agreement (IDA) was signed by Minister of Finance, Dr Ashni Singh, on April 25, Troy Resources said in a statement. “Execution of this IDA allows the company’s Guyanese operating subsidiaries to import duty and tax free the majority of the capital equipment required to be sourced offshore for the Karouni Project, as well as goods required to support its ongoing exploration program,” the statement said. The first major item to be imported under the IDA is the 3.2 MW grinding mill plus ancillary equipment which is scheduled to arrive in Guyana in mid-May.

The statement said that Troy acknowledges the continuing strong support and commitment of the Government of Guyana and its agencies …..To continue reading, login or subscribe now.

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