Gold to surpass 2016 production target

GOLD declarations are 94 per cent more than it was at this time last year, and remains on track to surpass the 555,000 ounces projection set at the start of 2016.The Government Information Agency (GINA) yesterday quoted Minister of Natural Resources, Raphael Trotman, as saying, “In mining, we are doing relatively well,” in that gold declarations for the first quarter of the year stood at 161,942 ounces, and that the figure could very well reach 600,000 ounces.
Trotman also said that the sector has been making positive developments in reducing the incidence of gold smuggling, but that the public will learn more about this later in the year.
In addition, the sector has been making strides in eliminating the use of mercury in gold-mining. “There is some resistance, but at the same time I would say that a majority of miners are willing to comply,” Trotman reportedly said.
The elimination of mercury from mining is part of modernising the technologies used in the extractive sector.
The government has been working on an action plan aimed at minimising and eventually eliminating the use of mercury in mining.
Meanwhile, for other minerals, the minister said that bauxite continues to improve in production when compared to last year. However, the mining of stones has been problematic. Trotman said he will be making a statement on this next week.

SHARE THIS ARTICLE :
Facebook
Twitter
WhatsApp

Leave a Comment

Your email address will not be published. Required fields are marked *

All our printed editions are available online
emblem3
Subscribe to the Guyana Chronicle.
Sign up to receive news and updates.
We respect your privacy.