Mining Frontier
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive 2022
No Result
View All Result
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive 2022
No Result
View All Result
Mining Frontier
No Result
View All Result
Home Latin America

Troy Resources buys $1.1bn of mining equipment for Karouni Gold in Guyana

December 23, 2014
in Latin America, News

Australian gold producer Troy Resources has purchased more than $1.1bn worth of mining equipment to help kick-start operations at its $87m Karouni Gold mine in the West Omai region of Guyana, by next year.

 

The purchased equipment includes 12 Doosan DA40 trucks and three Doosan DX 500 excavators manufactured in South Korea by Doosan and sold by Farm Supplies.

 

In addition to delivery of the equipment, Farm Supplies will also provide training for its Guyanese operators and technicians for using and maintaining the new equipment.

 

The company claimed that the purchase of Doosan equipment is the largest ever made in Latin America or the Caribbean.

 

The Karouni project, a Cuyuni, Region Seven (Cuyuni Mazaruni) project, is currently preparing for the construction phase, including works to set-up a ball mill, mine operations, employee housing and other infrastructure.

 

Following the release of the preliminary economic assessment (PEA) and the scoping study in January, and the PEA technical report on the Karouni project in March this year, the company considered two open cut pits, Smarts and Hicks, and one underground mine for the project.

 

With a mine life of more than seven years, the mine is expected to produce a total of 633,000oz of gold during its life time, 90,000oz of gold a year and 102,000oz of gold in the first year of operation.

 

According to Troy Resources CEO Ken Nilsson, the Karouni project will not only benefit the Guyana Government but also locals, in the form of generating employment and developing local infrastructure.

 

The mine is expected to employ around 300 workers, including contractors.

 

Troy plans to complete the construction work on the mine before mid 2015 and start production between this December and February 2015.

Previous Post

Vale secures preliminary environmental licence to expand Carajas mine in Brazil

Next Post

Chilean mining industry to invest $105bn over a decade, Cochilco says

Related Posts

Hexagon and Volvo to provide autonomous safety systems for mining
News

FIRST MODE POWERS WORLD LARGEST ZERO-EMISSION VEHICLE FOR MINING GIANT ANGLO AMERICAN

May 14, 2022
News

Vale and Nippon Steel to evaluate carbon-neutral ironmaking solutions

May 10, 2022
SRG Global to provide drill and blast services for Saracen gold mines
News

FLSmidth to supply Sabina Gold & Silver with full flowsheet offering at Goose gold mine

May 10, 2022
News

Truck automation project gets going at BHP Spence copper mine in Chile

May 10, 2022
Katanga Mining announces agreement to acquire land rights from Gecamines
News

South32 becomes latest miner to join BluVein mine electrification project

May 10, 2022
Sandvik to supply battery-electric vehicle fleet to Hindustan Zinc SK Mine
News

Sandvik to supply battery-electric vehicle fleet to Hindustan Zinc SK Mine

May 10, 2022
Next Post

Chilean mining industry to invest $105bn over a decade, Cochilco says

No Result
View All Result

Recent Posts

  • FIRST MODE POWERS WORLD LARGEST ZERO-EMISSION VEHICLE FOR MINING GIANT ANGLO AMERICAN
  • Vale and Nippon Steel to evaluate carbon-neutral ironmaking solutions
  • Orica launches lower environmental impact Fortis Protect range of bulk explosives
  • FLSmidth to supply Sabina Gold & Silver with full flowsheet offering at Goose gold mine
  • thyssenkrupp to build first in the world Rail Running Conveyor systems for Tier 1 copper miner
Mining Frontier

System

  • Search
  • Sitemap
  • Feed

Resources

  • Contact US
  • Download Mediapack
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
  • Projects
  • Events & Conferences
  • Contact US
  • More

© 2019 Copyright Valuemediaservices All rights reserved.

No Result
View All Result
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive 2022

© 2019 Copyright Valuemediaservices All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In