Aussie firm buys $1.1B in equipment for Karouni gold project

-mineral agreement to be sealed next month

Troy Resources Guyana Inc yesterday received over $1.1B worth of equipment for its Karouni gold mining project, which is expected to begin production next year.

During the ceremony for the handing over of the equipment at a compound at Kuru Kururu, Soesdyke-Linden Highway, Natural Resources Minister Robert Persaud said that the mineral agreement to pave the way for the first bar of gold production in the large scale modern gold mining project is expected to be signed early next month.

The equipment, manufactured in South Korea by Doosan and sold by Farm Supplies Ltd, comprises of a fleet of 12 Doosan DA40 trucks and three Doosan DX 500 excavators. It represents the largest ever purchase of Doosan equipment in Latin America or the Caribbean, according to the company.

Through a public private-partnership between the Government Technical Institute (GTI) and Farm Supplies Ltd, specially-trained …..To continue reading, login or subscribe now.

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