The directors of the MACORP and Caterpillar companies have committed to providing technical and financial assistance for the Guyana Geology and Mines Commission’s Guyana Mining School and Training Centre Inc with the aim of developing the extractive sector.
James Fenton, CEO of the Helm Group of Companies which is the owner of MACORP, and Jorge Medina, CEO of MACORP made this announcement during a courtesy call to Minister of Natural Resources and the Environment Robert Persaud, a press release said.
Persaud welcomed the commitment as a demonstration of the collaboration between the government and the private sector. He was pleased at the confidence MACORP and Caterpillar have shown in the extractive sector. In this regard, Persaud called for greater collaboration among the two companies, the ministry and its agencies on projects that will benefit the sector and the nation.
According to the release, the heavy-duty equipment suppliers are interested in being involved in the mining sector and are looking at introducing new technology and providing technical assistance to further expand this sector by providing quality equipment at competitive prices. As such, MACORP has committed to training persons within the extractive sector to operate and maintain the machinery sold by the company among other training needs and knowledge exchange.
MACORP also highlighted the company’s tracking and traceability of its equipment which can be utilised as a means of reducing the cost of operation and have better control of legal mining activities through a Global Positioning System (GPS) recording system which will upload data on a real-time basis and no changes can be made once recorded to avoid tampering of data.
