State-owned coin maker Royal Mint has signed an agreement with Canadian start-up Excir to use the world's first sustainable precious metal technology. Royal Mint aims to use chemistry-based technology at its South Wales facility to recycle precious metals from e-waste found in the circuit boards of discarded electronics like phones and laptops. It is stated that this new technology has produced 999.9 purity gold in trials and also has the potential to recover palladium, silver and copper.
57 BILLION DOLLARS GOING TO WASTE
More than 50 million tons of e-waste is generated in the world every year, and if this continues, an estimated 74 million tons of e-waste will be generated by 2030. Less than 20 percent of that can be recycled, meaning about $57 billion of gold, silver, copper, palladium and other high-value metals are wasted. Royal Mint, a 1100-year-old government agency, is also collaborating with Canadian company Excir for waste. Excir's technology specifically targets metal trapped inside unused electronics and extracts them in seconds. Anne Jessopp, CEO of Royal Mint, said: “The Excir partnership gives us the opportunity to make a real impact on one of the world's biggest environmental challenges, while reassuring our future as a leader in high-quality, sustainable precious metals. It offers an opportunity to take over,” he said.
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