-as court action continues to recover debts
Even as government continues to pursue court action to recover monies from the defunct Australian-owned gold mining company, Troy Resources, some 112 small miners have been given permits at the Karouni, Region Seven concession while talks are ongoing with four consortiums who will do their own feasibility studies and tests at the site.
“One hundred and twelve Guyanese small miners, whether they were miners before or looking to get into mining, they have been awarded a small mineral property in the former Troy Resources property at Karouni. The Karouni district is back with the state. The state is in control of that property which includes the living accommodation, the administrative section, as well as the processing plant and mining pits,” Minister of Natural Resources Vickram Bharrat said on Wednesday as he and head of the Guyana Geology and Mines Commission, Newell Dennison updated on the issue.
“We have been speaking with a number of companies that have expressed interest in the operations, met with three or four companies that is a mixture of Guyanese and foreign investors that are interested…,” he added