Moves afoot to restart operations at Troy Resources & Rusal

The Government of Guyana, through the Ministry of Natural Resources, is actively working to revive operations at Troy Resources in the Karouni Mine, Region Seven, and the Russian-owned bauxite company, Rusal.
During a mid-year press conference held at the Guyana Forestry Commission Complex in Kingston, Georgetown, Minister of Natural Resources, Vickram Bharrat, announced ongoing consultations with both local and international companies to explore the possibility of recommencing operations at Troy Resources.
“I can confirm that I have met with three or four groups, comprising both Guyanese and international investors, who have expressed interest in the Troy Resources area,” Minister Bharrat disclosed. He further explained that two of these groups have already been given the opportunity to send their technical teams to conduct independent assessments of the plant, mining pit, and undertake drilling to evaluate the available resources. Two additional companies are expected to receive similar access.
Once these assessments are completed, the interested companies will be required to submit firm proposals to the government. Minister Bharrat also noted that the initial plan involved forming a local consortium, but there is now the possibility of a partnership between local miners and foreign investors, given the significant investment needed to restart operations.
In addition to efforts to revive Troy Resources, the Ministry of Natural Resources has allocated 112 small mineral properties within the area of Troy Resources to small-scale miners, all of whom are Guyanese. The Troy Resources property, which has been under state care since its shutdown last year, includes living quarters, administrative sections, a processing plant, and mineral pits. The Guyana Geology and Mines Commission (GGMC) has maintained a full-time presence on the site.
Minister Bharrat also highlighted ongoing efforts to restart operations at Rusal. “We are committed to restarting operations at both Troy Resources and Rusal. Whether it is with Rusal or another investor, we are determined to see these major operations back in action,” he stated.