“Stranded deposits” refers to those tailing dumps and the like that cannot be treated for various reasons but mainly because of:
(a) Environmental reasons (eg tailings dump is close to a town where the use of toxic chemicals may cause environmental issues such as leakage into the water supply) or
(b) Insufficient capital to buy equipment. The cyanide replacement technology offers is a decrease in the entry level CAPEX / scale of a plant that can be economic due to the much lower social license, regulatory approvals / requirements costs as compared to a cyanide plant which has to also meet dangerous goods handling requirements.
(c) Rehabilitation costs are prohibitive. Quite often the cost to remove cyanide residue is a strain on the balance sheet for many mid-sized companies. With a non-toxic solution, a rehabilitation payment may not be necessary.
Essentially, any territory or country that has banned or limited the use of cyanide is a potential customer and therefore will be a priority target market. Copies of those countries and territories that have banned cyanide usage are provided in the attachments. Research is being done to find a more updated list.
Whilst China has not officially banned the use of cyanide it has just implemented a tax on cyanide of $ 300 per ton and has already expressed its desire to find non-toxic substitutes.
Eco will be targeting the larger and current users of CIP/CIL circuits as a market given the cost and push for companies to provide environmental solutions. Our engineering consultants will offer solutions for refitting these plants to accommodate the non-toxic solution.
Eco acknowledges that there may be a longer lead time to retrofit the larger CIL/CIP plants, given the management structure of these larger companies. Therefore, Eco will focus on the smaller companies in the short term.
An Eco solution also offers an opportunity for small-medium size companies to enter the gold processing market with a lower CAPEX Companies will now have an opportunity to generate cash reserves and to build up the processing operations.
|ECO-FRIENDLY GOLD||ETHICAL GOLD||RECYCLED GOLD||DIRTY GOLD|
|What is it?||Eco-friendly Gold, Eco-Gold or Green-Gold is mined and recovered with a minimal ecological disruption and without using mercury, cyanide or any other hazardous chemical. It is an evironmentally friendly and healthier alternnative of gold mining with programs for the restoration of the native ecosystem.||Gold from responsible ASM. No informal economy, no illegal operations, no environmentally unsound practices, good labour conditions, no gender inequality, no child labor, no contribution to armed conflics and transparent supply chains. Ethical gold may be recovered using mercury or cyanide, but the treatment of the chemical and leftlovers are managed safely.||Gold that has been previously refined. It comes from many places including post-consumer, gold-bearing products, scrap and waste metals and other sources. This gold has a past and if the origin is not fully transparent “Dirty gold” may enter the supply chain as recycled gold!||If there is a lack of transparency in the gold supply chain it can be connected with one or more of the following issue: Environmenttally unsound practices, poor labour conditions, child labor, human rights vioations, war crimes, exploitation and abuse of natural resources and vulnerable communities, finalcing of armed groups outside the law, forced of compulsory labour.|
|Is it environmentally friendly?||Yes, although mining has an impact on the environment, this gold is mined without toxic chemicals and with care for the environment.||This gold is mined and recoverd in aresponsible way but is doesn’t exclude the use of toxic chemicals like mercury or cyannide.||Yes, but if the supply chain is not fully transparent and traceable you could end up buying recycled “Dirty Gold”||This gold was mined in a harmful way to the environment.|
|Will it help small scale miners in developing countries?||If the Eco-Friendly gold was mined fulfiling responsible small-scale mining practices then it will help to improve working and living conditions in mining communities.||Yes||No||This gold was mined in a hamful way to the environment and the people and it will worsen living conditions in developing countries.|
|Guidance in Responsible Gold Supply Chain||Alliance for Responsible Mining (ARM), Fairtrade International, Solidaridad, Oro Verde, Jeweltree Foundation Oko Andina.||ARM, Fairtrade International, Solidaridad, OECD, Jeweltree Found,.LBMA, RCM, Conflic Free Sourcing Initiative, RJC||OECD, LBMA, Conflic Free Sourcing Intiative, RJC, The World Gold Council||-|
|Third Party Certifications||Fairmined Ecological Gold Fairtade Ecological Gold||Fairmined Gold Fairtade Gold||Green Circle Certified||-|
|Campaigns and networks||No Dirty Gold Ethical Metalsmiths Fair Jewelry Action||Ethical Metalsmiths Fair Jewelry Action Enough Project||No Dirty Gold||-|
|Helping to improve Artisanal and Small-Scale Mining practices||ARM, Fairtrade International, OECD, Solidaridad, Artisanal Gold Council, UNIDO, Global Environment Facility||ARM, Fairtrade International, OECD, Solidaridad, Artisanal Gold Council, UNIDO, Global Environment Facility||-||-|