May 17, 2020

World Gold Council: Can Gold Be Used to Solve Certain Environmental Concerns?

World Gold Council
Gold
gold mining
Alternative energy
Admin
2 min
World Gold Council: Can Gold Be Used to Solve Certain Environmental Concerns?
Gold is quickly becoming the answer to several important environmental questions.It has been discovered that a stable and effective formulation can becr...

Gold is quickly becoming the answer to several important environmental questions.

It has been discovered that a stable and effective formulation can be created when gold, palladium and platinum are combined, helping form less harmful molecules during the breakdown of pollutants.

The new technological innovation is now being implemented by the automotive industry with a new gold-containing catalytic converter being introduced in 2011. It is currently being supported by the World Gold Council.

Because many vehicles require a catalytic converter, which removes toxins created by burning fuel in an engine, the World Gold Council hopes to fast track the development of this gold-backed technology. Growing worries about fossil fuels and their contribution to climate change has also given way for viable alternative energy.

Gold has become an extremely important factor in the development of alternative energy sources and gold nanoparticles have begun to be used to improve solar energy cells. Also, gold-based products have begun showing the ability to be used for new and more effective fuel cell catalysts.

The metal can also help solve groundwater contamination issues which is an extremely serious and global problem in industrialized areas.

Researchers at Rice University, Stanford University, and DuPont Chemicals are using gold to break down contaminants. The research, headed by Professor Michael Wong from Rice University, has created a gold and palladium catalyst, which eliminates chlorinated compounds from water. The team will be testing their gold and palladium catalyst in a pilot plant in Kentucky. The catalyst is also being supported by the World Gold Council.

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Jun 29, 2021

Vale invests $150mn to extend life of Manitoba operations

Vale
Nickel
Manitoba
battery metals
2 min
Vale’s $150mn investment in operations at Thompson, Manitoba will extend mine life by 10 years

Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.

Global energy transition is boosting the market for nickel

The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.

“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.

“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”

Vale continues drilling program at Manitoba

Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.

“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.

“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”

The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history.  Mining of the Thompson orebody began in 1961.

“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.

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