Troy Resources considering exploring other projects

DPI, Guyana, Tuesday, June 26, 2018

Minister of Natural Resources, Raphael Trotman said the government will give its support to Australian mining company, Troy Resources if it chooses to pursue other areas of production.

The company has been exploring gold in Guyana through its “Karouni Project” since 2014.

Chief Executive Officer (CEO) of Troy Resources, Ken Nilsson said on Monday that the gold mining company could go into other areas of production by the end of the year. He made the disclosure during a visit by Minister Trotman and his team, to his Karouni, Region Seven mines.

“We are continually looking to see if there are any other projects in Guyana that we could actually get involved in,” he told the minister and his team. However, he stressed that this can only happen at the end of the year when the company is in a better position to “free up more money.”

At the moment, Nilsson said the company has been investing heavily on the training on locals, which he stressed will be good for them if the company has to move on.

“They are not working for Troy Resources, they are working for themselves. Because job satisfaction and security all depends on your input,” Nilsson said about the local employees of the company. The Guyanese workforce at the company amounts to about 90 percent.

Minister Trotman said the company has been doing an exemplary job over the period it has been in Guyana. He said there was no reason why the government would not support the efforts.

“… there is an intention to remain in Guyana to provide jobs, we know that 90 percent of the workforce here is Guyanese, so we are happy about that. It is about giving back, about adding value, about ensuring Guyanese have work,” the minister told DPI continuing that the government is “prepared to sit and work with them to look for new areas for mining.”

Minister Trotman said the government is “quite pleased with the company’s work ethic, noting that there are frequent engagements between the two.

By: Alexis Rodney.

Images: Derick Bridgemohan.