Gov’t help needed to im­prove re­cov­ery rates of small, medium-scale min­ers -GGDMA

Stabroek News Sunday - - LETTERS -

The Guyana Gold and Di­a­mond Min­ers As­so­ci­a­tion (GGDMA) is calling on the govern­ment to pro­vide small and medium-scale min­ers with as­sis­tance to im­prove their ore re­cov­ery rates.

A re­lease from the GGDMA on Fri­day said that even though small and medium-scale min­ers pro­duce more gold in ag­gre­gate than the larger com­pa­nies, their re­cov­ery rates pale in com­par­i­son.

The state­ment noted that small- and medium-scale min­ers in Guyana have a 30-40% re­cov­ery, while larger min­ing com­pa­nies such as Guyana Gold Fields Inc. and Troy Re­sources have con­sis­tently achieved a re­cov­ery rate of more than 90%.

As such, the As­so­ci­a­tion is calling for the govern­ment to pro­vide the tech­ni­cal as­sis­tance, ed­u­ca­tion, train­ing and fi­nances nec­es­sary for small and medi­um­scale min­ers to im­prove their out­puts at a faster pace.

It was opined that small- and medium-scale op­er­a­tors will con­tinue to im­prove, es­pe­cially given the pace set by larger com­pa­nies as it re­lates to ex­plo­ration, ex­ca­va­tion, pro­cess­ing and en­vi­ron­men­tal man­age­ment.

The GGDMA said that it val­ues the emerg­ing part­ner­ships be­tween the small, medium and large-scale gold min­ers and stands for the fair and eq­ui­table treat­ment of all in­vestors in the sec­tor, re­gard­less of their na­tion­al­ity and size.

The GGDMA, in its state­ment, as­sured that the part­ner­ship be­tween the small, medium and large-scale gold min­ers will lead to a gold pro­duc­tion level of over one mil­lion ounces an­nu­ally from 2020 if the govern­ment pro­vides the re­quested as­sis­tance.

Fur­ther­more, the As­so­ci­a­tion en­cour­aged greater in­vest­ment, both lo­cal and for­eign, in the gold and di­a­mond min­ing sec­tor and saluted those who have in­vested into the sec­tor, re­gard­less of the im­per­fect in­vest­ment cli­mate.

“GGDMA is pleased that govern­ment pro­vided the nec­es­sary sup­port when pos­si­ble to aid in the suc­cess of the ventures. We call on small, medium and large scale min­ing op­er­a­tors to be faith­ful to the terms of their Agree­ments. GGDMA thanks Troy Re­sources and Guyana Gold­fields for their ster­ling ef­forts and we de­clare our con­tin­ued sup­port as they pro­ceed with ex­pan­sion plans,” the state­ment added, while stat­ing that it was also thank­ing the small and medium-scale min­ers for the good work done over the years.

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