The country’s leading recycler of gold, The Gold Company, today revealed the answer to reducing the environmental impact of gold mining, recycling gold. The switch to ‘greener’ gold comes amid reports* in some countries a gold mine can process 20 tons of mine waste in order to produce a single gold ring.
With 80% of all gold produced in the world used to make jewellery, Australians have a great opportunity to make a major impact and not only reduce the carbon footprint that mining so much rock and ore creates but also reach into this untapped source of using the gold we already have.
“Although Australian miners have the highest standards of mining in the world, it is quite shocking when you realise 20 tons of mine waste is produced to make a single gold ring in some gold mines,” commented Roy Cohen, co-founder of The Gold Company. “What’s even more alarming is that in some third world countries this waste includes cyanide and other deadly toxic chemicals used to separate gold from waste rock. I urge all Australians to join the ‘green-gold’ movement and recycle the scrap gold lying around their house so we’re less dependent on using newly mined gold. We like to call this way of thinking as ‘urban mining’; it’s a much better option for our environment.”
“When you consider the amount of fossil fuels needed to move 20 tonnes of earth to produce one gold ring, it’s no wonder our environment is hurting. While some gold mines have become more eco friendly recently, no mining is more eco friendly than urban mining,” added Cohen.
Once you have sold your gold to The Gold Company, it gets melted down and refined into ingots, which are used to produce jewellery. Refining your unwanted or broken jewellery omits the environmental damages and impact of mining new gold.
“I believe there is enough gold above the ground and in our jewellery boxes to satisfy Australia’s demand for gold for countless years. Our records show the average customer has a massive $544.80 of unwanted gold items in their possession. Many cash strapped Australia’s could be sitting on a gold mine and they probably don’t even realise it.”
The Gold Company offers a safe convenient method of selling unwanted gold jewellery, watches, dental gold, nuggets, coins and any anything else gold, silver or platinum. The Gold Company recycles your old gold, silver and platinum. By refining your broken or unwanted gold back to pure fine gold, The Gold Company compliments the gold supply from traditional gold mining and increases the supply of gold in the market. And you make money in the process.
* Figures sourced from No Dirty Gold website: http://www.nodirtygold.org/