GEORGETOWN, CMC:
The government of Guyana has granted a Quarry Licence (QL) to a local company permitting it to operate a block in the Mazaruni River.
The licence that was granted to the Black Jaguar Investment Group, earlier this month, will result in it becoming the largest quarry operation here and across the Caribbean.
With the licence – the first granted in a decade, Black Jaguar is expected to produce 20,000 metric tonnes every week in its quest to bring down the cost of stone and boost the construction industry, and ensure there are timely supplies to complete government projects.
The last QL to be issued was to Durban Quarries Inc. in 2010.