Tag Archives: Suriname Government

More Suriname Cabinet ministers to face the axe … for corruption

06/24/2013 – 1:31 pm

More Suriname Cabinet ministers to face the axe … for corruption

JUNE 24, 2013 | BY  |

“Party interests are more important than friendship and the country’s interest is even more important than the party interest…” – Bouterse

President Desire Bouterse

President Desiré Bouterse’s Cabinet may soon experience another “shake-up” as he is planning to dismiss more Cabinet Ministers.
This is according to a Surinamese news website, dwtonline.com, which interviewed Bouterse following the dismissal of Public Works Minister Ramon Abrahams and Forestry Minister Ginmardo Kromosoeto.      Continue reading →

By guyaneseonline | Posted in Business, International News | Also tagged , , , , | Comments (1)

Caribbean’s first gold refinery expected to earn billions for Suriname

04/21/2013 – 4:49 am

Caribbean’s first gold refinery expected to earn billions for Suriname

Gold bars

Gold bars

Suriname produces an average of 40 tons of gold a year, but until now it has had no large scale refining capacity.

Suriname, Monday March 18, 2013 – The Government of Suriname has embarked on a joint venture with the Kaloti Group of Dubai to establish the first gold refinery in the Caribbean.

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 March 16,  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.   Continue reading →

By guyaneseonline | Posted in Business, Economics/Finance, Guyana, International News, Mining, Technology | Also tagged , , , , , | Comments (1)