Minister of Natural Resources, Vickram Bharrat on Tuesday lamented the ongoing poor recovery rates in the gold and timber industries.
The guest speaker at the Guyana Manufacturing and Services Association business luncheon, held at the Princess Hotel, Providence, Bharrat said that effective recovery is a major challenge.
“The major problem in the mining sector, and forestry sector as well, is the rate of recovery. In mining, for example, the common term of when you do a wash down, meaning you extract the gold from the mud or the soil or rocks, the rate of recovery is about 30% to 35%,” he said.
