Business News of Friday, 13 November 2015

Source: GNA

Mantrac holds seminar for small and medium scale miners

Mantrac logoMantrac logo

Mantrac Ghana has organised a day’s forum in Kumasi for selected small and medium scale mining customers as part of the company’s commitment to keep its market leadership position in the supply of mining equipment.

The event also formed part of Mantrac Ghana’s plan of helping customers to access relevant CAT equipment to reduce operational cost and maximise profits.

This is the second in the series of seminars for small scale mining customers organised by the company this year and the first outside Accra, company officials said in a statement issued in Accra on Thursday and copied to the Ghana News Agency.

The event created a platform for local mining firms to interact with the technical experts from Mantrac, said Head of Marketing and Strategic Planning at Mantrac Ghana Limited, Mr Daniel Pabby.

The customers were also educated on the latest Caterpillar mining applications to enhance their operational efficiency.

He said the company having operated in Ghana for 78 years, is still committed to support the businesses of small and medium scale mining due to their huge contribution to Ghana’s economic development, particularly, in terms foreign exchange earnings.

He noted that Ghana has more than 25 large scale mining firms and more than 300 registered small and medium scale mining firms, who are responsible for about 35 per cent of the total gold production in the country.

“There is therefore the need to extend customised support to this category. That is why Mantrac is embarking on this exclusive forum to help them access best practices in equipment selection, maintenance, financing and customised after sales support in addition to environmentally friendly operations,” he added.

Mantrac Ghana’s Machines Sales Manager, Mr Edem Eworyi, took the participants through an interactive session on small/medium scale mining fleet selection for surface gold mining using local examples with practical demonstration videos to the admiration of the delegates.

Mr Wisdom Tawiah, Head of Assets Finance at Stanbic Bank appealed to customers in small and medium scale mining to take advantage of the customised financial solutions provided by CAT Finance to expand their machines fleet and increase production.