October 16, 2012

Has Gold Mining Made a Comeback Through E-Waste?

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Welcome To The Age Of Urban MiningThink gold mining, think rivers or inside the depths of mountains worldwide. But what about the mountains we create and discard?

Rare earth materials are in high demand due to the use of such minerals in gadgets worldwide, and countries such as China are under pressure to increase export quotas to cope with high demand. The more lucrative the market, the more work for miners — but a new breed of worker doesn’t have to dig too deep.

Through its mining subsidiary GTSO Resources, Green Technology Solutions among other firms are working towards capitalizing on such high demand. From iPads to wind turbines, rare earth materials including gold, tungsten, neodymium and indium are necessary — but once an item is no longer of use, it often ends up on the scrapheap.

But why don’t firms ‘recycle’ this electronic trash?

Read more…

Source: smartplanet.com

By Charlie Osborne