Small-SCALE miners have been urged to adopt modern technol­ogy in their operations to derive more value from gold produc­tion.The Managing Director and Chief Executive Officer of India Gold Metaverse (IGM), Lamon Rutten who made the call said small-scale miners in the country can actually realise better prices for their gold, if they are part of a well-organised value chain.

So there is also a value proposi­tion in it for them if they adopt technology," he said.The Managing Director disclosed this in an interview with The Ghanaian Times in Accra on Monday on the sidelines of the Mining in Motion conference and said there was intense world movement towards responsible gold.The three-day programme being organ­ised by the Manhyia Palace, Ashanti Green Initiative, and the Ministry of Lands and Natural Resources, is on the theme "Sustain­able Mining and Local Growth - Leveraging Resources for Global Impact."India Gold Metaverse is a mining technol­ogy company that operated in the retail trade sector, specialising in gold and jewellery.Mr Rutten said Artisanal and Small-scale Miners (ASM) would be able to generate a lot of revenue from their operations if they adopt and deploy modern technologies in their operations."The small-scale miners in the country can actually realise better prices for their gold, if they are part of a well-organised value chain.

So there is also a value proposition in it for them if they adopt technology," he said.The CEO of IMG said the initial cost of adoption of technology was expensive but investment in technology could easily pay off through the attraction of better prices, saying with "Technology, you create more value than without technology.""Technology costs you cash, but brings you profits at the end.

And you generate value, environmental value, for the people around you," Mr Rutten, stated."If you take into account the costs of technology, the net value that you add will be bigger if you use technology.