Woolford noted the low recovery rate that currently obtains in the mining industry and said that their needs to be some incentive to get better recovery rates. Policies need to be framed to provide this type of support, he said. The retired GGMC commissioner said that if one is able to buy a dredge for $40 million, it would not be unreasonable to assume that the person can purchase a recovery system for $20 million or more but he also pointed out that no one wants to be the first to try out new technology and find out whether it is working.
He said that in other countries, government systems are used as “guinea pigs” to test out new systems while underscoring the need for local miners to move from a 40% recovery rate to 80% and above. He said that the equipment suppliers ought to be in the forefront of providing the support while there is also a role for the authorities in providing support to the industry
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