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platinum mining versus gold mining ethics

Platinum Vs. Gold Investments - The Balance

Apr 04, 2021  Platinum is more difficult to produce than gold as it's buried deeper in the earth than gold and requires a more difficult process to purify. Platinum is a very

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

Jun 03, 2018  The mine in question is owned by an American company, Newmont Mining Co., which was funded in part by the lending arm of the World Bank. In Papua New Guinea, a team of attorneys and environmental scientists reported that many communities living close to gold

Gold vs. Platinum: Which Is A Better Investment?

Feb 12, 2020  As of this writing, platinum is trading at $986.31 per ounce vs gold’s spot price of $1,568.40. In the present economic scenario, platinum is vulnerable to

The Missing Ethics of Mining : Ethics International Affairs

Feb 14, 2013  “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 imports in the south.” 6 Since the 1890s two kinds of mining—industrial and artisanal—have persisted in ...

Platinum Price vs Gold Price Ratio 120 Year Chart

Jul 10, 2019  Platinum has not been this cheap vs. gold since 1907 AD. In other words, in over 110 years, we have not seen platinum values slump this far versus the price of gold.. Here at SD Bullion, we have covered Platinum fundamental investment factors as well as information about supply-demand factors at play today.. South Africa is the major miner of platinum ore in the world, accounting for

Physical Gold vs Mining Companies

In the short term, mining stocks seem to outperform gold. For example, here is the one year chart of the SPDR Gold Trust ETF (GLD). Over 12 months, gold miners have performed significantly better than the physical metal. However, gold mining equities carry many risks that physical metal does not have.

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.

Blog - Silver Mining vs. Gold Mining: The Dynamics ...

Jul 20, 2016  Not long ago mining was more difficult, with technology it's easier to pull out of the ground and grab all the metals in the dirt vs. oh this is just a gold, silver, copper mine only as was the case in yesteryear, those days are over!, it's not just in the numbers , it's in the dirt.

Gold Mining Stocks vs. Physical Gold Bullion Telling the ...

Do Gold Mining Stocks Outperform Gold Bullion Over Time? Precious metals mining stocks collect their profits based on the spread between mining costs and the value of the metal being dug out of the ground. When the gold price rises by, say 50%, the profit per ounce of gold bullion produced accruing to a gold mining company might double or triple.

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

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.

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

Feb 07, 2017  A variety of supply and demand factors cause platinum to trade at a premium to gold: Platinum is a much smaller market. Cumulative world production of platinum is estimated to be about 5% of gold (9400 tonnes versus 182,000 tonnes). From 1994-2014, 3700 tonnes of platinum were mined versus 52,600 tonnes of gold or about 7% (source: USGS).

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

Jun 24, 2019  The gold-platinum ratio is the best way to understand the price relationship between the two: if the ratio is above 1, platinum is cheaper than gold, and vice-versa. The chart below shows the daily gold vs platinum chart, representing platinum value vs gold value over the past 5 years. Both gold and platinum are shown in US dollars per troy ounce.

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 ...

Platinum: The Rich Man's Gold Gold Eagle

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.

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

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 required to rehabilitate the site to pre-mining conditions. As one can see, the platinum production costs go well beyond the mere act of pulling the metal from the ground.

Gold mining - Wikipedia

The exact date that humans first began to mine gold is unknown, but some of the oldest known gold artifacts were found in the Varna Necropolis in Bulgaria.The graves of the necropolis were built between 4700 and 4200 BC, indicating that gold mining could be at least 7000 years old. A group of German and Georgian archaeologists claims the Sakdrisi site in southern Georgia, dating to the 3rd or ...

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 ...

Gold stocks vs gold: it's rocket time - Mining News KITCO

Jun 02, 2020  Double-click to enlarge this stunning HUI versus gold chart. In my professional opinion, the mining stock dilution and general sloppiness in management actually began in 2004, and that year marked the peak in the HUI’s rise against gold. ... Gold, silver, platinum and palladium are 'a form of currency' Mar 20, 2021 12:10PM.

How Gold Is Mined Gold Mining Process World Gold Council

The lifecycle of a gold mine. People in hard hats working underground is what often comes to mind when thinking about how gold is mined. Yet mining the ore is just one stage in a long and complex gold mining process. Long before any gold can be extracted, significant exploration and development needs to take place, both to determine, as accurately as possible, the size of the deposit as well ...

Northam Platinum Limited - PGM Mining in South Africa

The Booysendal mine was opened in 2013 and consists of three mines that produce around 160,000 oz of refined Platinum Group Metals per annum. In 2015, Northam Platinum acquired Everest Platinum mine from Aquarius Platinum. The company also acquired a 7.5% share in Pandora mine alongside Lonmin and Anglo American Platinum.

Gold Mining Mining Shares Guide from BullionVault

Gold Mining stocks are a popular way of investing in gold - albeit indirectly. Advantages of gold mining shares. The perceived advantage of investing in gold mining shares is that their value is usually more sensitive to the price of gold than even a gold bar. This is because gold mining shares are valued on the basis of their anticipated ...

Making the grade: understanding exploration ... - MINING.COM

Mar 24, 2017  A gram of gold is worth about $25, so 2 grams or better would be viewed as high-grade for bulk tonnage mining. One hundred metres of good grade is again good criteria for thickness.

MINING.COM - Answering Mining's Big Questions

Apr 23, 2021  Platinum $ 1,230.81 / ozt 1.96%. Crude Oil $ 65.35 / bbl -0.68%. ... Country is banking on high gold prices and amended mining laws that scrap red tape and a profit-sharing rule to lure interest.

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

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.

Mining - Wikipedia

Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef or placer deposit.These deposits form a mineralized commodity that is of economic interest to the miner. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay.

Corporate social responsibility in the mining industry ...

Jan 01, 2006  For example, resistance by numerous social organisations to the expansion of gold mining at Mount Quilish Peru has led Newmont to suspend its activities. 4 Opposition to the mine is based on accusations of bribery for concessions, lack of community engagement, impacts on the mainly-agricultural local land-use, pollution and related health ...

Gold to Platinum Ratio Chart

Jeff Christian: The Economy, Gold Other Metals in 2020; The Gold Market in 2018 – Jeff Christian; Introduction to the Gold Market and Gold Mining; Gold Market Update and MA Activity – Tom Brady, Newmont Mining; Property Disclosures for Mining Registrants; Gold and Key Market Update and Outlook for MA Activity – Tom Brady

Gold mining - Wikipedia

The exact date that humans first began to mine gold is unknown, but some of the oldest known gold artifacts were found in the Varna Necropolis in Bulgaria.The graves of the necropolis were built between 4700 and 4200 BC, indicating that gold mining could be at least 7000 years old. A group of German and Georgian archaeologists claims the Sakdrisi site in southern Georgia, dating to the 3rd or ...

Palladium vs. Platinum - Which Should You Buy In 2021?

Nov 05, 2020  Platinum is rarer than gold or silver. The global supply of the metal projects to be about 1/10th of gold. If gold mining stopped today, the current supply would last for about 25 years. The world’s supply of platinum would last for just a year if mining ceased. However, estimates say palladium is still about 15 times rarer than platinum.

What Is the Metals and Mining Sector?

Jul 05, 2020  The metals and mining sector is the industry dedicated to the location and extraction of metal and mineral reserves around the world. Global reserves of metals and minerals are mined for

Silicosis at autopsy in platinum mine workers ...

Introduction. The platinum group metals (PGMs) have surpassed gold in value, production and employment in South Africa. Production more than doubled from 128 000kg in 1987 to 275 000kg in 2008 [].Employment has increased by 240% since 1987; in 2008, the platinum mining industry employed almost 200 000 workers, comprising 39% of miners in all commodities [] although, by 2011, the labour

How Gold Is Mined Gold Mining Process World Gold Council

The lifecycle of a gold mine. People in hard hats working underground is what often comes to mind when thinking about how gold is mined. Yet mining the ore is just one stage in a long and complex gold mining process. Long before any gold can be extracted, significant exploration and development needs to take place, both to determine, as accurately as possible, the size of the deposit as well ...

Best PSUs For Crypto Mining: Reliable Power Supplies for ...

80 PLUS Gold or Cybenetics Gold for higher efficiency. Lower than 50mV ripple at +12V under full load at increased operating temperatures (>40°C). Quality fan (FDB or Rifle bearing; ideally, it ...

Gravity Concentration in Artisanal Gold Mining

One of the main concerns about AGM is the use of mercury to extract gold. AGM is the largest world’s anthropogenic mercury pollution with approximately 2000 tpa of mercury lost to the environment (UNEP, 2020 [], ArtisanalMining, 2018 []).Mercury is used as it forms an amalgam with gold (and most other metals, except iron and platinum), allowing the gold to be more easily concentrated and ...

How some of our common metals got their names - MINING.COM

Oct 02, 2020  We’ve been mining and using gold since at least 4600BC. Whilst most of the gold mined to date, historically and contemporarily, has been used to make jewellery, coins and bullion, it is also a ...

World Gold Council The Authority on Gold

The gold prices used in this table and chart are supplied by FastMarkets. Where the gold price is presented in currencies other than the US dollar, it is converted into the local currency unit using the foreign exchange rate at the time (or as close to as possible).

Market Underestimates Energy Consumption By The Gold ...

Jan 25, 2018  While the gold mining industry reports energy as only 15-20% of its total production costs, the total amount consumed by the industry is much higher. The market underestimates the amount of energy consumed by the gold mining industry because of the way it is listed in their financial statements. Thus, it takes a great deal more energy to produce gold than the market realizes.