GEORGETOWN, Guyana, Monday April 16, 2018 – The Guyana Government is considering modernizing the local gold industry through the establishment of a gold refinery.

And Minister of Natural Resources Raphael Trotman, who made the disclosure, said a South African company will be in Guyana on, to conduct a feasibility study.

“We are strongly looking at the possibility of setting up a refinery, either through a public-private partnership or wholly through government,” he explained.

“We had looked at similar facilities in Suriname. We have received proposals from local business persons, as well as far as Dubai, India, the US and Canada. So we are moving in the direction of modernizing this industry.”

Minister Trotman said that even if Guyana cannot refine all of its gold, it must be in a position to refine a substantial amount.