As published in iNews Guyana, Troy Resources on August 23 received almost $5.3 billion in Doosan equipment for the Karouni gold project in Guyana 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 Ltd, is in keeping with Troy Resources’ stated 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 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 ADTs and three Doosan DX500 hydraulic excavators.

The Karouni project is in the middle of advanced preparations 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 is expected to complete the construction of its $87 million mine in the West Omai region before the middle of 2015. Once completed, the mine will employ approximately 300 people including contractors.