https://www.engineeringnews.co.za
Construction|Financial|Gold|Mining|PROJECT|Projects|Sustainable|Training|Environmental
Construction|Financial|Gold|Mining|PROJECT|Projects|Sustainable|Training|Environmental
construction|financial|gold|mining|project|projects|sustainable|training|environmental

Reunion Gold signs mineral agreement with Guyana govt for Oko West project

19th April 2024

By: Sabrina Jardim

Creamer Media Online Writer

     

Font size: - +

TSX-V-listed Reunion Gold has signed a mineral agreement with the Cooperative Republic of Guyana and the Guyana Geology and Mines Commission that provides the company, and its 100%-owned Guyanese subsidiary, with stable fiscal and operating conditions during the life of the Oko West gold project, in Guyana.

The company notes that the terms set out in the agreement are consistent with current standard terms established by the country.

“This significant milestone marks an important derisking step towards the development of the Oko West project and underscores the robust support extended by the government of Guyana towards the project's development,” says Reunion president and CEO Rick Howes.

As part of the agreement, the company says it has committed to prioritising the employment of qualified and suitable Guyanese individuals, and to supplement this by implementing a comprehensive training programme to develop the additional skills required to facilitate the employment of Guyanese personnel at all levels of operation.

The company says fostering and training local talent will contribute to the sustainable development of the country.

In addition to its commitment to workforce development, the company has also agreed to establish a financial support programme for environmental and social projects.

The company says it will provide $1-million a year towards initiatives that promote environmental sustainability and address social needs within surrounding communities.

This commitment will begin upon the start of commercial production, or within 24 months from the issuance of a mining licence, whichever comes first.

“All of these initiatives highlight the company's dedication to sustainable mining development which minimises environmental impacts, positively impacts the communities we work in and creates lasting benefits for Guyana,” the company says.

Reunion is moving forward with development studies to advance Oko West towards a construction decision. As part of this work, it expects to complete a preliminary economic assessment by mid-year, which will provide an estimate of the key economic parameters of the project.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

SEW-EURODRIVE at Nampo 2024
SEW-EURODRIVE at Nampo 2024
21st May 2024
Uniclox at Nampo 2024
Uniclox at Nampo 2024
21st May 2024
Dachser South Africa at Nampo 2024
Dachser South Africa at Nampo 2024
21st May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:29.794 29.852s - 160pq - 2rq
Subscribe Now