GMIN Ventures Guyana Inc., a subsidiary of G Mining Ventures Corp., has sealed a landmark US$83 million agreement with Komatsu–Genequip for the supply of mobile mining equipment to power its flagship Oko West Gold Project in Region Seven.
Major Investment for Oko West
The agreement, signed at GMIN’s corporate headquarters at the Pegasus Corporate Suites and Business Centre in Georgetown, marks one of the largest mining equipment deals in Guyana’s recent history. Executives from all parties were present, including Louis-Pierre Gignac, Founder and CEO of G Mining Ventures Corp., and Schelte van Dijk, Managing Director of Genequip.
Under the deal, GMIN will acquire a fleet of over 60 state-of-the-art Komatsu mobile equipment units. Deliveries are scheduled to begin in June 2025 and will continue through to the start of production in 2028, ensuring a steady supply of machinery as the project ramps up.
Comprehensive Support and Local Impact
Genequip, Komatsu’s exclusive representative in Guyana since 1993, will not only supply the equipment but also provide comprehensive maintenance and parts support. This partnership is expected to secure long-term operational excellence at the Oko West site, supporting both productivity and safety as the project develops.
Boost for Guyana’s Mining Sector
The Oko West Gold Project is seen as a major driver of economic growth in Region Seven, creating jobs and stimulating local businesses. The significant investment in modern mining technology underscores the confidence of international investors in Guyana’s mining sector and its long-term potential.
With this deal, GMIN Ventures is positioning itself at the forefront of responsible and efficient gold mining in Guyana, leveraging advanced equipment and strong partnerships to deliver on its ambitious production goals.
