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platinum mining versus gold mining ethics

platinum mining versus gold mining ethics

Ethical Gold Platinum Ingle Rhode, London

Large-scale gold mining (of which platinum is a by-product) typically produces about 20 tonnes of waste to generate enough gold for one ring. In addition, many gold mines leak toxic chemicals into the local environment, and are associated with poor health and safety standards, exploitative working practices, and a disregard for the rights of indigenous peoples. For more information about the ...

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Platinum vs. Gold Investments: Which Should I Choose?

07/06/2021  The price differential between gold and platinum is an "intercommodity spread." Over the course of history, there have been times when gold has traded at a premium to platinum and vice versa. Platinum usually traded at a higher price than gold from 1987 until September 2008.

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Why White Gold is a Better Choice Than Platinum Frank ...

23/08/2019  Neither gold or platinum mining is sustainable. In fact, gold mining is much more environmentally damaging than diamond mining. The mining process leaks cyanide into the water, which results in a whole slew of downstream issues that you can read about here. That’s why, at Frank Darling, we use 100% recycled gold.

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Ethics Around Gold Mining Recycled gold Edge Only Fine ...

18/03/2020  Ethics Around Gold Mining. Mining is not good for the environment. Let’s not greenwash it. Mining is a hazardous occupation for the men and women that work in them and can be disastrous for the ecosystem that surrounds them. However, mining is a reality of our modern world and some mines are better than others, particularly when it comes to the health and safety of their workers, though ...

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The Missing Ethics of Mining : Ethics International Affairs

14/02/2013  Ghana has participated in every significant development in gold mining since at least the eighth century, and was known among Arab scholars as the Land of Gold. “It is certain,” wrote Roland Oliver and J. D. Fage in 1962, “that the wealth of Ghana, and of its successor empires in western Sudan, stemmed from its control of gold exports to the north and the distribution of salt and other ...

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The myth of ethical gold New Internationalist

01/09/2014  The myth of ethical gold. 1 September 2014. Fair Trade. Mining. Good old-fashioned image cleansing versus environmental and human rights excesses. Stephanie Boyd exposes the self-serving manoeuvring of a rapacious cartel. Sleep soft: a memorial for baby Andini, who died after suffering an extensive skin rash, in Buyat Bay, Indonesia.

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Can Mining Ever Be Ethical? Man Institute Man Group

Jason Mitchell (JM): I wouldn’t start from the point of ethics. There is just no global consensus on this issue. You might make an argument that mining thermal coal is bad, but there is just no consensus that says that diamond mining is bad, for instance. The Paris Agreement carries specific implications for coal, namely a quick phase-out of thermal coal to stay in line with a 1.5C ...

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Ethics of Mining Gold: The Social and Environmental ...

03/06/2018  Like many gold mines, the Yanacocha mine uses a cyanide-heap process to extract tiny amounts of gold ore from rock. They start with an underground explosion creating a mix of gold, soil, and rock, sending Nitrates into the streams from the explosives, then use a wash of cyanide to dissolve the gold ore and make a liquid solution. Later in the process, an acid wash separates gold from the ...

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PSU Gold or Platinum? — Ethereum Community Forum

28/05/2017  Gold, Platinum, Titanium all refer to the efficiency rating and durability of the PSU.. ie; a Gold is 80% Platinum maybe 92% and Titanium 96%... ATX PSU's are not meant for 24/7 use at close to 90% capacity. Bottom line is the better the PSU the longer it should last. As for the 580's being on a 1200 watt, you might want to rethink that.

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As good as (ethical) gold Financial Times

Some 78 per cent of the world’s gold is turned into jewellery — in 2013, gold mining contributed $171.6bn to the global economy, according to the World Gold Council. Last year, global demand ...

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Why White Gold is a Better Choice Than Platinum Frank ...

23/08/2019  White gold vs platinum: sustainability — tie. Neither gold or platinum mining is sustainable. In fact, gold mining is much more environmentally damaging than diamond mining. The mining process leaks cyanide into the water, which results in a whole slew of downstream issues that you can read about here.

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Gold vs. platinum - MINING.COM

16/09/2011  Platinum prices have comfortably traded much higher than gold for the bulk of the last 20 years or so, but that relationship is starting to change and may signal a new order of value in the ...

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Is Gold Pricey Relative To Platinum? - CME Group

In stark contrast to platinum, gold is seeing rising mining production, and has a highly diversified supply base. Moreover, despite the decline in the USD price of gold over the past four years, it is still profitable to mine. As such, we think that gold mining will likely defy predictions of an imminent peak in primary supply, and that mining production will continue to grow for some time. If ...

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Should I Invest in Gold, Silver or Platinum Bullion ...

11/06/2019  Silver, Gold, and Platinum. Characteristics and Uses. Physical gold, physical silver, and physical platinum are tangible assets produced from mining. These metals are difficult and costly to extract, and costly to refine and fabricate into high purity bullion bars and coins. Hence, all three precious metals have inherent value, and in the form of investment grade bullion have liquidity and ...

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Platinum: The Rich Man's Gold Gold Eagle

01/05/1997  Whether a person should take the bullion investment approach, or the shares of the three South African platinum mining companies, or the North-American stock, Stillwater Mining, or the Australian Delta Gold, or even platinum coins - is a personal decision dependent upon numerous factors, and one's tolerance for risk. Unfortunately, discussion of these factors is beyond the scope of

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Gold vs Gold Miners BMG

27/04/2016  Specifically, if gold is too low in price, a mining company is unable to extract the gold from the ground, because it is uneconomical. Subsequently the value of the mining company’s shares will trade at lower levels, or the company could go bankrupt. The higher the price of gold, the more economical it becomes to dig for lower-grade sources of gold. Mining shares can move up

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Platinum Mining and Refining Education

Platinum Processes Uses. A solid platinum nugget. Image from popsci. Nuggets or grains of pure platinum can be found in nature, but more frequently, platinum is found alloyed with other metals, such as iron, copper, gold, nickel, and the other PGMs.The size of platinum grains or nuggets varies from small granules to pebbles weighing up to 20 pounds (9 kg) or more.

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Silicosis at autopsy in platinum mine workers ...

07/02/2013  Silicosis has been reported in platinum miners but is ascribed to previous exposure to silica dust in the gold mining industry in which many platinum miners worked. With the reduction in gold production and the rapid expansion of platinum mining, many retrenched gold miners find employment in the platinum mines as the mining methods are similar, i.e. hard rock mining which requires drilling ...

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The 46-Year Record of Platinum-Gold Ratios Kitco News

28/02/2017  About 70% of yearly platinum mine supply comes from South Africa, a geopolitically risky country. Much new platinum is a by-product of nickel-copper mining and smelting; therefore, annual platinum production is dependent on the supply-demand fundamentals and prices of these primary metals. Fluctuations in the relative prices of platinum and gold are largely driven by: the overall

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Gold Vs. Gold Miners: Which Is The Better Investment ...

01/10/2013  - Gold stocks have still outperformed physical gold over the long run, and many of these companies continue to pay a dividend. I will use the HUI Gold Bugs index to track gold mining

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Is Gold Pricey Relative To Platinum? - CME Group

In stark contrast to platinum, gold is seeing rising mining production, and has a highly diversified supply base. Moreover, despite the decline in the USD price of gold over the past four years, it is still profitable to mine. As such, we think that gold mining will likely defy predictions of an imminent peak in primary supply, and that mining

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Platinum: The Rich Man's Gold Gold Eagle

01/05/1997  Whether a person should take the bullion investment approach, or the shares of the three South African platinum mining companies, or the North-American stock, Stillwater Mining, or the Australian Delta Gold, or even platinum coins - is a personal decision dependent upon numerous factors, and one's tolerance for risk. Unfortunately, discussion of these factors is beyond the scope of

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PSU Gold or Platinum? — Ethereum Community Forum

28/05/2017  I had 4-580's and 2-470 (stock) with a 1200 watt Platinum PSU on a rig, installed everything and loaded up my miner dual mining Eth and Sia. As soon as the DAG got loaded they overloaded the PSU and switched it off. Turns out the Red Devil RX 580 Golden 8G I bought pull 197 watts a piece according to GPUz (probably 30-40 watts more actual). I modded all the bios and

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Energy cost of 'mining' bitcoin more than twice that of ...

05/11/2018  Alex Hern. The amount of energy required to “mine” one dollar’s worth of bitcoin is more than twice that required to mine the same value of copper, gold or platinum, according to

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As good as (ethical) gold Financial Times

Some 78 per cent of the world’s gold is turned into jewellery — in 2013, gold mining contributed $171.6bn to the global economy, according to the World Gold Council. Last year, global demand ...

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Gold Vs. Gold Miners: Which Is The Better Investment ...

01/10/2013  - Gold stocks have still outperformed physical gold over the long run, and many of these companies continue to pay a dividend. I will use the HUI Gold Bugs index to track gold mining

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Platinum Production Cost - How High is too High ...

First, the mining company has to discover mineable platinum deposits, conduct exploratory drilling and extensive geochemical analysis. Later, the company has to buy an exploration license and meet environmental and other regulations. Then, it can establish the site, buy all the equipment and physically extract the platinum ore. And after the mine is tapped out, the mining company may be ...

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Investing in Gold vs Gold Miner Stocks: Here's What to ...

25/08/2020  Whether you go the route of gold-mining stocks, or a gold-backed ETF, the other key factor to consider is asset allocation. Such a decision is highly personal: If owning a somewhat non-correlated asset like gold helps you sleep at night and stick to your broader financial plan, then it can be a useful addition to your portfolio. It’s a traditional hedge against inflation, and a place to hide ...

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Mining company strategy evolution: an ... - platinum.org.za

MINING COMPANY STRATEGY EVOLUTION 169 Introduction Between 2000 and 2012, the platinum group metal basket price per platinum ounce sold increased at a cumulative average growth rate (CAGR) of 8% in SA rand terms. However, during the same period, industry cash operating costs per platinum ounce increased at a compound annual growth rate of 15–18%. This increase in operating

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After the massacre: life in South Africa’s platinum mining ...

15/08/2014  10. 10. O n 16 August 2012, Thembisa Nkuzo was among a group of women who set out from their homes in Nkaneng settlement, in South Africa’s platinum mining district, and

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Platinum vs gold: where might precious metals fit in your ...

24/06/2019  Platinum vs gold: differences jewellers won't tell you about. As a matter of fact, there is a hierarchy amongst the precious metals, which roughly represents their material value. At the top of this tree sits platinum, the shiny white metal that is recognised globally as one of the highest symbols of value and quality. That is why platinum

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Gold vs Gold Miners BMG

27/04/2016  Specifically, if gold is too low in price, a mining company is unable to extract the gold from the ground, because it is uneconomical. Subsequently the value of the mining company’s shares will trade at lower levels, or the company could go bankrupt. The higher the price of gold, the more economical it becomes to dig for lower-grade sources of gold. Mining shares can move up

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SA Mine 9th edition - 2017

of gold mining companies after the optimistic view on gold last year, and a further decrease in the market capital of platinum mining companies. The 30 June 2017 market capitalisation of the 29 companies analysed in this publication was R420 billion, a 25% decline from R560 billion as at 30 June 2016. Market capitalisation recovered somewhat to R506 billion as at 31 August 2017. Gold mining ...

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Digging deeper: Mining methods explained Anglo American

We use this for mining platinum. Large scale mechanised mining methods we use include: long-wall mining, where a long wall of coal is mined in a single slice, usually by a large machine. sub-level-caving, where levels of the ore are blasted by explosives; and ; block caving, where large areas of the ore body are blasted and then extracted with the assistance of gravity. We use these three ...

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Jewellery Ethics - NAJ

The gold mining industry takes its sustainable development activities very seriously and there are many strict regulations and guidelines for the mining of gold. Most mining companies have robust environmental, social and ethical standards and report on these through their annual reports. It is important to realise that the term Dirty Gold refers to what is called primary source production ...

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How Is Platinum Mined History Techniques and Photos

Platinum Mining Methods. How Is Platinum Mined : Originally pgm was extracted using “the narrow reef method” in which miners use handheld pneumatic drills to create holes in the reef into which explosives can be loaded. After the ore is released through blasting, it is removed using scrapers attached to wenches and transported to the surface. New mechanical and hybrid platinum mining ...

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Silicosis at autopsy in platinum mine workers ...

07/02/2013  Silicosis has been reported in platinum miners but is ascribed to previous exposure to silica dust in the gold mining industry in which many platinum miners worked. With the reduction in gold production and the rapid expansion of platinum mining, many retrenched gold miners find employment in the platinum mines as the mining methods are similar, i.e. hard rock mining which requires drilling ...

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Dadaba Goldmines

Dadaba Gold Mining suppliers of AU Platinum ore in Ghana and beyond is well known for its unparalleled quality.... Who We Are. Dadaba Mining company culture is built upon meeting and exceeding your expectations. We pride ourselves on providing valuable insights and analysis that surpasses industry standards, making us the preferred on-the-ground partner for your project. Great Work Ethics ...

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Investing in Gold vs Gold Miner Stocks: Here's What to ...

25/08/2020  Whether you go the route of gold-mining stocks, or a gold-backed ETF, the other key factor to consider is asset allocation. Such a decision is highly personal: If owning a somewhat non-correlated asset like gold helps you sleep at night and stick to your broader financial plan, then it can be a useful addition to your portfolio. It’s a traditional hedge against inflation, and a place to hide ...

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Directors, officers and executives About us DRDGOLD

Nel has 20 years’ experience inf mining finance and mining executive and operational management. He was appointed to the Aquarius Platinum Board in April 2012 and became CEO of the Group in November 2012, a position he held until Aquarius Platinum was acquired by Sibanye- Stillwater in April 2016. From April 2016 to January 2017 Mr. Nel was the CEO of the Platinum division of Sibanye ...

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