Aurora Gold sells plane contracts local aircrafts to provide charter flights

May 15, 2019 News

AGM Inc. and Trans Guyana Airways (TGA) have reached an agreement in which the local aircraft company will provide flights to the mining

The Twin Otter plane that AGM said it has sold.

operations at Aurora in the Cuyuni River, Region Seven.
The agreement was reached last week with TGA on Tuesday starting to provide the service to AGM.
This follows a selection process undertaken by AGM Inc. and its parent company Guyana Goldfields Inc., a statement said.
AGM/Guyana Goldfields, a Canadian mining company, is the country’s biggest gold producer with more than 600 employees.
It has been facing internal problems with shareholders but has managed to reach an agreement now that the situation is normalizing.
As part of the restructuring, the company said it will sell its Twin Otter plane it acquired last year and examine chartering flights to cut its costs.
“We are happy we are able to expand our local content by allowing local providers in the aviation industry to provide us the service that we need thus, ensuring that more local players are involved. We are happy to partner with Trans Guyana on this journey,” said Peter Benny, Director, Corporate Office and Compliance in the statement yesterday.
The mining company said that TGA was selected after an expression of interest was advertised in the local daily newspapers between February 20, and February 22, 2019.
“This was followed up by Guyana Goldfield’s Supply Chain Director Ravi Samaroo and an AGM team meeting individually with local operators, in the event, that they had not seen the advertisement.
Seven air charters responded to the ad.”
Following their expressions of interest, the charters were all asked to give information on the services they provide.
“The information, which included among other things, costing, number of airplanes owned by the company and dates of registration, was evaluated and TGA was given the nod to provide the services that AGM requires.”
AGM said it moved to charter service after a decision was taken to sell the Twin Otter the company procured last year.
“The Twin Otter is being sold overseas and it is due to depart Guyana around mid-June.
In the meantime, TGA will provide the spillover flights until the Twin Otter departs.”