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Urban Mining Grows as Gold Prices Soar

Sagittarius   on 27 April 2008 - 17:33 · 10 comments & 7878 views

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Those of you who have simply been throwing away old cell phones and electronics may have to think again: urban miners are taking full advantage of record metal prices by scavenging through the scrap metal in old electronic products in search of such gems as iridium and gold. The materials recovered are reused in new electronics parts and the gold and other precious metals are melted down and sold as ingots to jewelers and investors as well as back to manufacturers who use gold in the circuit boards of mobile phones. "It can be precious or minor metals, we want to recycle whatever we can," said Tadahiko Sekigawa, president of Eco-System Recycling in Japan.

According to one study, a ton of ore from a gold mine produces just 5 grams (0.18 ounce) of gold on average, whereas a tonne of discarded mobile phones can yield 150 grams (5.3 ounce) or more."To some it's just a mountain of garbage, but for others it's a gold mine," said Nozomu Yamanaka, manager of the Eco-Systems recycling plant.

View: Full Story at Reuters

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(4 replies) #1 XerXis on 27 Apr 2008 - 23:13
who use gold in the circuit boards of mobile phones because gold conducts electricity even better than copper


eeerm, no it doesn't
#1.1 jimbo11883 on 27 Apr 2008 - 23:59
You're right...

0.63 10^6/cm ohm Silver
0.596 10^6/cm ohm Copper
0.452 10^6/cm ohm Gold
#1.2 sSsIiImMm on 28 Apr 2008 - 00:48
Its about rust... copper rusts easily... rusty copper is a crap conductor
#1.3 vetneufuse on 28 Apr 2008 - 01:04
(sSsIiImMm said @ #1)
Its about rust... copper rusts easily... rusty copper is a crap conductor

Rust? Copper doesn't rust like iron does
#1.4 sSsIiImMm on 28 Apr 2008 - 01:40
(neufuse said @ #1.3)
(sSsIiImMm said @ #1)
Its about rust... copper rusts easily... rusty copper is a crap conductor

Rust? Copper doesn't rust like iron does

OK its technically not "rust" but it oxidises. Gold doesn't...
(4 replies) #2 Typhon on 28 Apr 2008 - 01:22
What a waste of time just go gold panning.
#2.1 +Octol on 28 Apr 2008 - 03:32
(Typhon said @ #2)
What a waste of time just go gold panning.

Do you really think that?

Companies make disposable crap so they can make their profit off of it and then not have to worry about paying for its disposal: let it become somebody else's problem. This is what happens when private companies are allowed to control every aspect of production and distribution in our society without restraint: they take the most profitable path no matter who is harmed in the process.

In accounting, this is called an externality, because the people outside (external to) the company making the mess (and the profits) get to pay for its cleanup. It's the reason we literally have mountains of poisonous plastic (and other) garbage piling up around the planet, and, I might add, one of the many wonderful reasons that those of you under the age of 20 can expect to live to the ripe old age of 40 -- if you're lucky.

So any time someone has a reason to clean up somebody else's garbage (poisonous or otherwise), you should think that it's a good thing -- not a waste of time.
#2.2 +macf13nd on 28 Apr 2008 - 09:39
its entirely possible that you'll find he's joking.
#2.3 Typhon on 28 Apr 2008 - 14:06
(macf13nd said @ #2.2)
its entirely possible that you'll find he's joking.



Yea I was joking. But sorry I made you write all of that.
#2.4 Omega-X on 30 Apr 2008 - 18:14
(Typhon said @ #2.3)
(macf13nd said @ #2.2)
its entirely possible that you'll find he's joking.



Yea I was joking. But sorry I made you write all of that.


Funny stuff! LOL

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