$1B allocation to fund mercury-abatement technology, facilitate lending to miners

Minister of Natural Resources Robert Persaud

A multi-stakeholder committee comprising representatives of various state and non-state entities is to be convened shortly to examine appropriate technology to replace mercury in the gold-mining sector, Stabroek Business has learned.

News of the imminent creation of the technical committee comes just days after the announcement in the 2014 budget presentation that government would sink $1 billion into support initiatives in the gold mining sector including research into appropriate mercury abatement technology and methodologies.

Stabroek Business understands that the working group associated with the investigation into