This is a story that I enjoy very much, Barrick last year announced they were going to award a $10 million prize to the winner of a contest. The goal? to improve their silver recoveries at their Veladero gold mine in Argentina where they were struggling with 6 to 7% recovery of the metal. Barrick was unlocking a fraction of its estimated 180 million ounces of silver at the mine so they decided to let the general public and scientific community help them out in finding environmentally safe and economic ways to better the extraction process.
So far nine finalist have advanced to the final testing process and they have each been given a $25,000 prize, the remainder of the research and test costs will be covered by Barrick.
I wish all the candidates the best of luck and hope that the winning method greatly improves the silver recoveries.
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