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How Gold Refineries decrease the Carbon Footprint

As gold mines expand, livelihoods, natural habitats, and resources are being tarnished. Hundreds of thousands of acres of rainforests are deforested, both legally and illegally. Using a gold refinery results in more gold being recycled and less gold being excavated from mines, protecting the environment, saving communities, and using less energy.

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Environmental Impacts

Gold mines tunnel underground or by excavating an open pit. The underground mines produce fewer gas emissions than open pits, though both mining methods are still adding to the carbon footprint resulting from gold production.

Ventilation systems are a necessity for miners. While open-pit mines reduce the need for ventilation because air isn’t trapped in as many tunnels, underground mining requires a vigorous high-energy ventilation system. Blasting through rocks and gaining access to new material creates more fumes that are exhausted throughout the mine and into the atmosphere. The increase in ventilation requirements causes a rise in energy use.

Fortunately, technology is evolving while transportation and machinery are slowly becoming more environmentally friendly and economical. However, diesel fuel is still the culprit for high pollution. The copious amounts of vehicles loading, hauling, queuing, and dumping material is increasing the greenhouse gasses produced onsite. Mines that have lower grade gold consume even more energy because more machinery is used to excavate and process a higher amount of material to obtain the same amount of pure gold as a high-grade mine.

A common element used for extracting gold from mining sites is mercury. When mercury and gold make contact, they merge and form an amalgam. This process is extremely helpful when collecting scattered gold within soil and sediment. While an efficient method, it pollutes the area around each mining site.  Animal habitats are no longer habitable due to demolition and contamination. Local communities even monitor their food and water supply to protect themselves from mercury poisoning.

Super Pit Gold Mine in Kalgoorlie-Boulder Western Australia

Super Pit Gold Mine in Kalgoorlie-Boulder Western Australia

Community Impacts

Indigenous communities that have populated isolated areas are losing land battles against the mining industry. Governments also tend to disregard indigenous peoples’ rights to their land and sell the valued land to be mined for gold. Local governments lack basic legal and political protection, forcing them to evict the area for little to no compensation.

As deforestation expands, farmers are forced to relocate and natural resources are depleted from local communities. Rivers are drained and scavenged for gold, while vegetation is replaced with roads and pits. Food insecurity becomes a real threat for these families as well as a lack of natural resources for shelter. These areas depend on natural resources to survive, and gold production destroys these resources.

Gold mines create new jobs, but they are not what some would like to endure. Mining is noted as one of the most dangerous professions in the world. The typical life expectancy of a miner is much lower than one in a less dangerous profession. Lung cancer, bronchitis, and tuberculosis are just a few long-term disabilities workers are left with after leaving the mining industry. Recycling precious metals at a gold refinery can help to save and improve lives.

Finally, waste management is becoming overloaded as landfills pile up. As more scrap gold gets thrown into a landfill both the air and water can become polluted. Gold never breaks down, so when scrap gold and other metals sit in a landfill, they eventually seep underground into the water supply. Electronics, dental scrap, and medical devices are examples of items that are thrown away regularly without separating the metal or sent to be refined.

Recycle with a Gold Refinery

Gold production has positive impacts like creating jobs and increasing revenue. Nevertheless, a gold refinery that recycles scrap gold is a significantly better alternative, not to mention the additional income you’ll receive in return for your material. Most gold refiners have environmentally friendly protocols. When you use a gold refinery to recycle your scrap gold, you contribute to protecting the environment, saving lives, and conserving energy.

Core Scientific is a gold refinery in the Midwest that invests in the most cutting-edge refining technologies and techniques. This allows us to generate the highest possible yields, recovering more precious metals in the refining process, making us the best environmental choice. Get a free consultation now and learn more about what we can do for you.

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CONTACT US

Address:

700 Industrial Drive, Ste K

Cary IL

60013, United States

Phone: 866-660-4631

Working hours:

Monday-Friday: 9:00 – 5:00

Saturday: Closed

Sunday: Closed

Google Rating
4.7
Based on 150 reviews
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]]> Best Gold Refinery https://core-scientific.com/best-gold-refinery/ Fri, 23 Jul 2021 12:00:57 +0000 https://core-scientific.com/?p=27119 The post Best Gold Refinery appeared first on Core Scientific Precious Metals Refinery.

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Best Gold Refinery

We all know that gold is a valuable resource, and it has been like that since it was first used by humankind, mostly because of its beauty and stability. Gold refineries have played a key role in gold history. But if you want to know about the best gold refinery, we first need to analyze the gold situation, and for that, we need a little bit of context. Let’s start with it!

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The Past of Gold

The history of humanity with gold started around 6 thousand years ago, near Egypt and Mesopotamia. It was mainly used as a decorative material in statues, weapons, jewelry, and vases, besides its early uses as coinage.

Egypt was the biggest gold producer until the times of Christ, and the first evidence of gold being refined was found here, dating 2300 BC. They recovered gold from river sands and concentrated it by washing away the lighter impurities and then melting the heavier gold particles. Around 2000 BC, Egyptians developed the method of separating gold and silver alloys using salts.

By the year 100 AD, nearly 40 thousand slaves were mining gold in the land we now know as Spain, yet the rise of Christianity and the surge of other metals being used in coins slowed down the gold demand.

The colonization of America resulted in the discovery of many new gold sources around the 16th century, and other major discoveries occurred in the 19th century, which lead to the California Gold Rush. Yet the largest gold finding in history happened in South Africa in 1886, and it produced 40% of the world’s supply by 1985.

The present of gold

The contemporary age of gold began in 1556 when the ancient methods of refining were improved and Georgius Agricola put them in writing. But if we move a little closer in time and evaluate gold exploitation in the last century, we can see that it increased from 705 metric tons of gold mined in 1912, to nearly 3,000 tons by 2020.

We are not gonna stop today to count the environmental consequences of gold mining, but we must evaluate the fluctuation of the whole gold chain during the Covid pandemic. It is well known that gold prices suffered a major rise (around 40%) during 2020, and experts tell us that this rise was due to the higher demand for gold, which is seen as a safe investment in uncertain times. Higher demand means more mining, yet the environmental consequences of this “new gold rush” have not been examined, especially in some of the world’s most impacted places, like the Amazon, which owes 10% of its deforestation to the gold mines.

Regulation and law enforcement need to improve in order to limit this impact; however, this has been difficult in recent years.

The future of gold

Recycling is the future of gold in a world that tends more and more to go green. This is already practiced, with 23% of the global supply coming from recycled sources. Here is where gold refineries take action.

Still, this new practice requires the engagement of the public and the sellers at the end of the production chain, who should promote and demand awareness in the processing of their products. Organizations such as the Responsible Jewellery Council promote sustainability of gold industry practices, including requirements for gold recycling, which is the only practice that reduces the mining impact. However, they find difficulties assessing the sources of gold due to some refiners not being transparent about their supply chains.

Fortunately, jewelry, which represents 46% of the use of gold in the world, is one of the main industries that uses recycled gold.

But other new applications are coming up as the future of gold. The field of medicine uses nano-particles of gold on rapid diagnostic tests, gold-based drugs are used to treat illnesses like rheumatoid arthritis, and there’s even research going on to use gold in cancer treatments. Speaking about the environment, gold is being used to build more efficient solar panels and for breaking down contaminants in industrial areas. 

That being said, the projections of the gold market are very promising, and gold is expected to grow in the following years. Gold refineries will have a crucial role during this period, helping to turn this valuable asset more and more sustainable.

What makes a gold refinery “the best”?

The best gold refinery for you will be the one that gives you the highest returns, and that is only possible if they comply with a series of characteristics.

As we mentioned, the best gold refinery will be a sustainable company that uses the latest technologies and is also transparent on its processing chain. You can learn more about what to look for in a precious metal refinery in this article: What to look for when choosing a precious metal refining company.

If you want to start working with the best gold refinery, you can do it today! Core Scientific is the leader in gold refining, and we are 100% committed to transparency and giving our customers the highest returns. Get a free consultation now and learn more about what we can do for you.

Looking for the best gold refinery?

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CONTACT US

Address:

700 Industrial Drive, Ste K

Cary IL

60013, United States

Phone: 866-660-4631

Working hours:

Monday-Friday: 9:00 – 5:00

Saturday: Closed

Sunday: Closed

Google Rating
4.7
Based on 150 reviews
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]]> Gold recycling https://core-scientific.com/gold-recycling/ Mon, 19 Apr 2021 20:17:32 +0000 https://core-scientific.com/?p=26703 The post Gold recycling appeared first on Core Scientific Precious Metals Refinery.

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Gold recycling

Gold recycling had a boom recently with the rise of gold prices and the global situation. There is not much information out there on how to recycle gold, so we prepared this guide to help you and to give you all the info you might need.

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Is gold recyclable?

This might be the first question that comes to your mind. And the answer is yes, gold is 100% recyclable. In fact, all precious metals can be recycled, because they are noble metals and can be recovered multiple times without losing any of their properties.

Is it profitable to recycle gold?

To answer this, you need to know that there are two main sources of recyclable gold:

  • The first one, high-value scrap gold, comes from jewelry, dental scrap, and gold coins. It represents 90% of the supply of recycled gold.
  • The second is electronic and industrial scrap gold, which is harder to recover and the gold quality is lower, so the profitability is inferior.

If you have some scrap gold laying around, you can know the estimated price by using our scrap gold calculator. You just need to know the weight and its karat.

But what exactly is gold recycling?

Gold recycling is the process of melting and/or chemically dissolving gold to separate it from other metals or non-valuable materials. In this way, you can recover gold in its purest form and re-insert it on the market.

This process is called gold refining, and it happens in a gold refinery. You can learn more about how gold refineries work in this article.

Why is gold recycled?

Mainly, because it is a finite resource. There’s still some gold to mine out there, but discoveries of new gold mines have diminished in the past years.

On the other hand, the gold recycling process is energetically and economically more efficient than gold mining. Gold recycling is an environmentally friendly choice.

Where to recycle gold?

As we mentioned before, gold is recycled in gold refineries, which are by definition precious metal refineries. We are a precious metal refinery specialized in gold refining and gold recycling, with an in-house laboratory and a team that uses the latest processes and techniques to refine gold. Learn more about gold refineries here. If you want to know more about selecting the best precious metal refining company, check out this article. 

If you are ready to start recycling your gold, Core Scientific is the leader gold refinery in North America. We provide the highest return to our customers, and we are 100% committed to transparency and traceability. Contact us to start earning money for your gold.

Looking for the best gold refinery?

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Request A Container!

CONTACT US

Address:

700 Industrial Drive, Ste K

Cary IL

60013, United States

Phone: 866-660-4631

Working hours:

Monday-Friday: 9:00 – 5:00

Saturday: Closed

Sunday: Closed

Google Rating
4.7
Based on 150 reviews
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]]> Jewelry refinery https://core-scientific.com/jewelry-refinery/ Mon, 19 Apr 2021 19:31:26 +0000 https://core-scientific.com/?p=26716 The post Jewelry refinery appeared first on Core Scientific Precious Metals Refinery.

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Jewelry refinery

What you need to know to start refining your jewelry

Are you thinking about sending your jewelry to a jewelry refinery? If you have any doubts about how refining jewelry works and which jewelry refinery to choose, you have come to the right place. Keep reading to learn everything you need to know to start refining your jewelry.

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Jewelry refinery is the way to find the value of your jewelry scrap

First, you might want to know how much you will get paid for your jewelry. Even though the final price of the jewelry will be determined by the jewelry refiner after the melting and assay, which accurately tells you the amount of precious metals present, you can get an estimate of the price if you have some data about the jewelry. 

For example, if you have gold jewelry you want to refine and know the karats, you can use our karat calculator to estimate your potential returns.

Beware of plated jewelry, which is only covered in gold or other precious metals, but its core is made of non-precious metals, so it’s not worth the process of refining. You can recognize this kind of jewelry using a magnet; plated materials will usually be attracted by it.

Can I sell my jewelry directly to a refinery?

The answer is simply yes! You can sell your jewelry to a jewelry refiner like Core Scientific. We are specialized in precious metal refining for jewelers.

The process of refining your jewelry is known also as precious metal recycling, you can learn more about it here.

How do jewelry refineries work?

Here’s a quick explanation of the refining process:

  1. Send your jewelry, and it gets checked in.
  2. If the jewelry has precious stones, these are removed.
  3. The jewelry is melted to separate and recover the metals on their pure forms.
  4. Then it’s time to assay the molten metals to know how much they are worth.
  5. And finally, the settlement; you get paid based on the results of the assay.

If you want to know how the whole process works, check the details in our precious metal refinery article.

What is the best jewelry refinery?

Most companies will tell you that they are the best jewelry refinery in the industry, but to actually prove it is a different thing. Find out what to look for on the best precious metal refining company here.

You need to know that accuracy is a top priority on jewelry refining, so you should look for a refiner that uses the latest process and assay technologies. For example, at Core Scientific, we use a superior melting process to obtain the most precious metals present in your jewelry, and we use fire assay, ICP-MS plasma, and atomic absorption to test your materials and to get the most accurate results, so you will be paid accordingly. Check our unique process and technology here.

Also, we are a specialized jewelry refinery and a leader in the industry of precious metal refining. We hold ourselves at the highest standards of transparency and are committed to getting the highest returns to our clients.

If you are ready to start refining your jewelry with the leader of the industry, get in touch with us! We will be happy to guide you through the process.

Looking for the best precious metal refinery?

Get Started!
Request A Container!

CONTACT US

Address:

700 Industrial Drive, Ste K

Cary IL

60013, United States

Phone: 866-660-4631

Working hours:

Monday-Friday: 9:00 – 5:00

Saturday: Closed

Sunday: Closed

Google Rating
4.7
Based on 150 reviews
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]]> How Jewelers Are Helping To Stop The Sell of Conflict Diamonds? https://core-scientific.com/jewelers-helping-stop-sell-conflict-diamonds/ Mon, 26 Jun 2017 19:08:36 +0000 https://core-scientific.com/?p=830 In today’s market consumers are sensitive about where their products come from. It doesn’t come as a surprise that jewelry...

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]]> In today’s market consumers are sensitive about where their products come from. It doesn’t come as a surprise that jewelry buyers are concerned about possibly buying a conflict diamond, especially as the trade has been rife with controversy. According to this article, “About 65 percent of diamonds are mined in Africa, where warlords and rebels in countries such as Angola, Côte d’Ivoire, the Democratic Republic of Congo, Liberia and Sierra Leone have used profits to fund bloody wars.”

Consumers have a lot of buying power these days. And jewelers are taking notice of this need to ensure they avoid selling conflict diamonds. Since 2003, jewelers have adhered to the Kimberley Process (KP), the international initiative to increase transparency and oversight in the diamond industry.

One company, Brilliant Earth, advertises and sells ethically produced jewelry that does not “come at a high human or environmental cost,” according to its mission statement.

“Many consumers today are more interested in understanding where their purchases come from and the practices behind them,” Kathryn Edison Money, Brilliant Earth’s vice president of strategy and merchandising, said in an email. “We’ve found this is especially true for a purchase as significant as a diamond ring.”

Sources: http://www.washdiplomat.com/index.php?option=com_content&view=article&id=15410:jewelers-weed-out-conflict-diamonds-so-consumers-can-buy-bling-in-good-conscience&catid=1558&Itemid=428

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