The New Trend Known as Urban Mining February 11, 2017 January 29, 2017 Titan Mining

While you may have arrived on this site to learn a little more about what is going on in the field of uranium mining, we would like to switch gears at this juncture. We want to bring to the forefront a new trend known as urban mining. Certainly this doesn’t involve the down and dirty career generally associated with those in the mining industry. However, it does incorporate the desire to seek out even the most miniscule particles of the element one is after.

Cell phones, and all you need to know about them, can probably be best explained at https://www.izengate.com/. Yet, the value of these cell phones in the realm of urban mining will not be revealed until you continue reading this piece. So, if you need a new Apple, Samsung, or LG, feel free to visit Izengate, but if you want to know why people are mining your discarded phones, do not stray from your screen.

The New Trend Known as Urban Mining

What is Urban Mining?

Urban mining, by definition, is the scavenging and retrieving process utilized by people accessing old electronics, and other waste, as sources for valuable elements. In truth, there are several key minerals and other valuable oddities found in scrapping cell phones, computers, and pretty much anything with a circuit board.

Gold, silver, copper and iridium can be collected from these discarded bits of technology. And, because there is money to be made in precious metals, it is no wonder that urban mining has sprung up among the dumpsters and trash heaps.

Here are the statistics that might just blow your mind:

  • One ton of gold ore will yield 5 grams of usable gold once all the rubbish is discarded.
  • One ton of trashed cell phones will bring 150 grams, and possibly even more.
  • That same ton of cell phones has 220 lbs of copper and 6.6 lbs of silver.

When you think about the gold and silver trading markets, it is easy to see why you might want to start your own urban mining outfit. Read more about urban mining.

Japan’s Story

Japan is pretty limited in the natural resources category. Therefore, it makes sense for them to participate in urban mining as a means of providing for their billion dollar electronics industry. The tens of millions of cell phones and other tech gadgets discarded there, yearly, make for a great way to keep that industry in business.

Eco-Systems is a company in Japan that is eagerly seeking out that trash heap of electronics for the purpose of making money. One worker watches the machine he controls pour gold bars worth $90,000. This is all gold that has been “mined” from the gadgets and cell phones pitched into the trash heap. That makes the dump a literal “gold mine” and Eco-Systems is all about cashing in on that deal.

This company has been in business for the last 20 years, and its achievements are beyond astounding. Reports indicate that each month they produce 440-660 lbs of gold bars. They have honed their skills to near perfection with a 99.99 purity rating on the gold they produce. That’s roughly $6-$9 million dollars each month! Learn more.

If you have ever considered the desire to pan for gold (read more about that here) you might want to reevaluate that dream and switch it over to the new trend of urban mining.