{"id":20856,"date":"2024-06-20T13:56:39","date_gmt":"2024-06-20T13:56:39","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=20856"},"modified":"2024-06-20T13:56:40","modified_gmt":"2024-06-20T13:56:40","slug":"government-explores-resumption-of-mining-at-troys-resources","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/government-explores-resumption-of-mining-at-troys-resources\/","title":{"rendered":"Government Explores Resumption of Mining at Troy\u2019s Resources"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>The Government of Guyana is actively considering proposals to restart mining operations at Troy\u2019s Resources, marking a potential revitalization for the local gold mining sector. <\/p>\n\n\n\n<p>Natural Resources Minister Vickram Bharrat disclosed this during a recent engagement with industry stakeholders.<\/p>\n\n\n\n<p>Troy\u2019s Resources, an Australian company operating in Region Eight, began mining at the Karouni Mining Site in 2015 but ceased operations following a fatal accident. <\/p>\n\n\n\n<p>After the termination of its license and the accumulation of outstanding royalties to the government, discussions have resumed regarding new investments in the area.<\/p>\n\n\n\n<p>Minister Bharrat emphasized the government\u2019s commitment to monitoring and regulating the mining site formerly occupied by Troy\u2019s Resources. <\/p>\n\n\n\n<p>He noted ongoing small-scale mining activities near the processing plant but clarified that these do not involve the main pits earmarked for future large-scale operations.<\/p>\n\n\n\n<p>Efforts are underway to attract potential investors, both local and foreign, to develop the primary mining areas. <\/p>\n\n\n\n<p>Additionally, consultations with the Gold and Diamond Miners Association are exploring the formation of a consortium among local miners interested in restarting operations at the site.<\/p>\n\n\n\n<p>Regarding liabilities and unpaid royalties owed by Troy\u2019s Resources, Minister Bharrat assured that steps are being taken by the Attorney General\u2019s office to address these issues.<\/p>\n\n\n\n<p>In related news, Minister Bharrat announced forthcoming allocations of designated mining areas in Mahdia to miners.<\/p>\n\n\n\n<p><em>Delicia Janneire reporting for NCN News.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Government of Guyana is actively considering proposals to restart mining operations at Troy\u2019s Resources, marking a potential revitalization for the local gold mining sector. Natural Resources Minister Vickram Bharrat&hellip;<\/p>\n","protected":false},"author":4,"featured_media":20854,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[360,366,350],"tags":[],"class_list":["post-20856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-local-development","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/20856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=20856"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/20856\/revisions"}],"predecessor-version":[{"id":20857,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/20856\/revisions\/20857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/20854"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=20856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=20856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=20856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}