May 17, 2020

Troy Resources Acquires $1.1-Billion in Equipment for Gold Mine in Guyana

Troy Resources
Karouni Gold mine
Gold
Machinery
Admin
2 min
Troy Resources Acquires $1.1-Billion in Equipment for Gold Mine in Guyana
Gold producer Troy Resources Limited (ASX:TRY) (TSX:TRY)has purchased $1.1 billion in mining equipment for its Karouni Gold mine in Guyana. The acquisit...

Gold producer Troy Resources Limited (ASX:TRY) (TSX:TRY) has purchased $1.1 billion in mining equipment for its Karouni Gold mine in Guyana. The acquisition will aid the Australian-based company in commencing production of the $87 million project by next year.

The mining equipment, which is manufactured in South Korea by Doosan and sold by Farm Supplies, will include 12 Doosan DA40 trucks and three Doosan DX 500 excavators. The purchase will also include training for its Guyanese operators and technicians in the operating and maintenance of the equipment.

“With funding in place and all major long lead items ordered, the Company is confident that Karouni will be the first of the new large gold mines coming into production in Guyana over coming years,” said Troy Resources Managing Director Paul Benson.

Troy Resources is currently preparing for the construction phase of The Karouni project, setting up a ball mill, mine operations, employee housing and other infrastructure. Once in production, the mine is expected to produce 90,000 ounces of gold a year and a total of 633,000 ounces during its life time.

According to Benson, the Karouni project will benefit the Guyana Government and locals by generating employment and local infrastructure.

“Karouni will have a major beneficial impact on the economy of Guyana through the creation of jobs and payments of taxes and royalties. In particular, we would like to acknowledge the very strong support received to date from the Government of Guyana and the different agencies and look forward to their continued assistance in bringing the mine into early production."

Once in production, the mine is expected to employ roughly 300 workers.

The construction phase of the project is slated to be completed mid 2015 with production commencing in February 2015.

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Dec 3, 2020

Net zero benefits the mining industry and the environment

digital mining
Oren
Emitwise
mining
Dan Brightmore
3 min
Learn how to future proof your business for a zero-carbon world with help from Emitwise and the Oren Marketplace.
Learn how to future proof your business for a zero-carbon world with help from Emitwise and the Oren Marketplace...

How do we get the world to net-zero faster?

Emitwise’s founders, Mauro Cozzi, Eduardo Gómez and Ben Peddie, approached a network of more than 100 of the world's largest enterprises and asked their CEOs, CFOs, and sustainability managers the big question: How do we get the world to net-zero faster? The challenge many shared was the lack of timely and accurate emissions data to enable strategic decisions. Companies often relied on annual audits of their carbon footprint for carbon accounting purposes. However, static yearly results were outdated upon publishing.

Emitwise saves companies an average of 260 working days a year by automating their scope 1, 2 and 3 emissions data. With the added benefits of clean audit trails and auto-populated accounting reports in line with GHG Protocol, all at the click of a button. Their easy to use solution enables businesses to quickly identify the carbon hotspots to target, and the precise real-time data empowers teams to remain agile and respond effectively, making achieving those goals possible.

Unique AI Technology

Emitwise’s unique AI technology empowers businesses to automatically measure, report and reduce their carbon footprint across their operations and supply chain, future-proofing companies for a zero-carbon world. It is the only solution that enables companies to fully automate their carbon accounting across all business units and suppliers, therefore liberating them from the drudgery of collecting and processing emissions data.

By using artificial intelligence to precisely measure emissions in real-time, businesses can identify and tackle carbon hotspots swiftly, enabling them to devise a trackable roadmap to net-zero carbon. At the same time, accurate audit trails and auto-populated annual reports ensure that companies comply with international reporting requirements, and align businesses with global climate targets to mitigate risk across their operations and supply chain. 

The Oren Marketplace

Environmental management, social license to operate, safety, renewable energy to lower emissions and operational efficiency for mining can be supported by a range of digital solutions enabling dynamic operations. To address these issues, Shell and IBM joined forces to create the Oren Marketplace – the first B2B solutions platform for the mining sector. 

With the adoption of many of the digital solutions offered through Oren, mining companies can adapt in real-time to risks or adjust plans ahead of a problem occurring. The goal is a shift towards proactive management as the optimal outcome for all stakeholders – community, shareholders, and employees.

Emitwise was founded with the goal of helping industries across all sectors reduce their carbon footprint. Similarly, Shell aims to become a net-zero emissions energy business by 2050, or sooner, in step with society and its customers. And Oren is focused on offering innovative products and services that can help mining companies track and reduce their emissions. 

“Oren is the starting point for how we help our mining customers to de-carbonise,” explains Carol Chen, Global Lubricants Marketing, Vice President, Shell. “It’s our ambition to work with sectors like mining to help them find their own pathway to net-zero emissions through collaboration. The Oren marketplace offers a great opportunity for collaboration between the miners and technology companies that are joining this digital marketplace.” 

Web Summit

Emitwise will be showcasing its vision for a net-zero future live from Lisbon at this year’s Web Summit. Bringing together the people and companies redefining the global tech industry, the online event welcomes 100,000+ attendees from around the world to hear from more than 800 speakers and view offerings from 2,500 startups covering a vast range of topics from Data Science and Climate Change to AI and Machine Learning. To find out more and book your ticket visit Web Summit. 

Emitwise is one of many solutions providers on the Oren platform seeking to address the pain points and environmental concerns of heavy industries like mining. To discover a range of solutions that can further support your operation’s digital transformation and commitment to sustainability, visit the Oren Marketplace.

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