Troy Resources purchases more than $1.1B billion in equipment from local firm

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Prime Minister Samuel Hinds and Minister of Natural Resources and the Environment, Robert Persaud along with Chief Executive Officer of Troy Resources, Ken Nilsson and other officials.
Prime Minister Samuel Hinds and Minister of Natural Resources and the Environment, Robert Persaud along with Chief Executive Officer of Troy Resources, Ken Nilsson and other officials.

[www.inewsguyana.com] – Troy Resources yesterday [August 23] received over $1.1 billion in equipment for the Karouni Project as it continues to prepare for the start of operations next year. This purchase represents the single largest purchase ever of Doosan equipment in Latin America or the Caribbean.

The equipment which has been purchased from local company, Farm Supplies Limited, is in keeping with Troy Resources commitment to purchase equipment, services and supplies, when available, locally.

This, the company noted is to ensure that, beyond its commitment to develop a world class mine and invest in Guyana, the spin off from its investment is multiplied through additional purchases locally.

In addition to the delivery of equipment, Farm Supplies Limited will also provide training for its Guyanese operators and technicians, in the use and maintenance of the new equipment. The equipment handed over includes 12 Doosan DA40 Trucks and 3 Doosan DX 500 Excavators._MG_6574

The Karouni Project is into intense preparation for the construction phase with works to be carried out for the installation of the ball mill, mine operations, employee housing and other critical infrastructural works. CEO of Troy Resources, Ken Nilsson, explained that the Karouni project must also be seen as an investment in Guyana, not only via taxes and royalties, but in terms of contributing to employment, purchases and infrastructure development.

The company, he explained wants to ensure that both their shareholders and local interests are satisfied thereby ensuring a win-win situation.

Troy Resources Guyana Inc. is expected to complete the construction of its US$87 million Mine in the West Omai region before the middle of 2015. Once completed, the Mine will employ approximately 300 persons including contractors.

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