The refinery that is being built near the village of Wit Santi, close to the country’s International Airport, is expected to start operating by next year and produce as much as US$2.77 billion worth of refined gold.
On the weekend, President Desi Bouterse joined Kaloti Chairman Munir Kaloti in expressing high expectations of the facility.
The US$20 million plant should make Suriname into a “centre of excellence for the region’s gold and precious metals industry,” a joint release said.
The Government entered into a joint venture with the precious metal refiners out of Dubai last year, and over the weekend the start of the construction of the smelting and bullion manufacturing plant was announced.
Reprinted from CanaNews