Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Royal Mint opens pioneering facility in south Wales to recover gold from e-waste

by August 7, 2024
August 7, 2024
Royal Mint opens pioneering facility in south Wales to recover gold from e-waste

The Royal Mint has launched an innovative factory in south Wales to recover gold from electronic waste, marking a significant step towards sustainable precious metal sourcing for its luxury jewellery line.

This facility, under construction since March 2022, will extract gold from up to 4,000 tonnes of UK-sourced circuit boards from devices such as phones, laptops, and TVs each year.

The Royal Mint, with a heritage spanning over 1,100 years in coin production, aims to use the gold recovered from e-waste for its 886 jewellery range. This high-end line, introduced in 2022, features rings, necklaces, and earrings sold online and at the boutique in Burlington Arcade, Mayfair, London.

Gold extraction at the new facility will involve a two-step process. Initially, the Royal Mint will separate components and metals from the circuit boards at a specialised plant. The gold-containing pieces will then be processed at the south Wales factory using patented chemistry developed by Canadian clean technology firm Excir. This innovative method uses a spinning drum to wash the circuitry pieces in a special acid mix, dissolving the gold in just four minutes—a more energy-efficient alternative to traditional high-temperature extraction methods.

To produce one 7.5g gold ring from the 886 collection, roughly equivalent to the weight of a £1 coin, approximately 600 mobile phones need to be processed. The Royal Mint anticipates expanding the use of the recovered gold to other business areas, including commemorative coins.

This new venture is part of the Royal Mint’s strategy to diversify its operations amid declining cash use. Owned entirely by the UK Treasury, the Royal Mint pays an annual dividend to the government, with the remaining profits reinvested in the business.

“The Royal Mint is transforming for the future, and the opening of our precious metals recovery factory marks a pivotal step in our journey,” said Anne Jessopp, Chief Executive of the Royal Mint.

Read more:
Royal Mint opens pioneering facility in south Wales to recover gold from e-waste

0
FacebookTwitterGoogle +Pinterest
previous post
Airbnb shares tumble 12% amid weakening US demand and lower profit
next post
Israel vows to kill new Hamas political leader who plotted Oct. 7 massacre

You may also like

Rick Saleeby: Discussing Integrity, Technology, and the Future...

October 23, 2024

Electric car sales reach record high in UK...

January 5, 2023

Maximising Efficiency: 5 Strategies to Improve Your Warehouse

June 20, 2023

Charities seek to distance themselves from Michelle Mone...

November 25, 2022

Understanding Elon

November 28, 2022

Fixed-Fee vs Hourly Rate: How Conveyancing Solicitor Fees...

February 5, 2025

Long-Term Sickness Absences Hit Record High

April 17, 2024

Tata Steel Workers to Vote on Strikes Amidst...

February 19, 2024

BTC vs Gold – Which is the Best...

December 29, 2022

Transform Your Bathroom with These 5 Close Coupled...

May 9, 2023

Rick Saleeby: Discussing Integrity, Technology, and the Future...

October 23, 2024

Electric car sales reach record high in UK...

January 5, 2023

Maximising Efficiency: 5 Strategies to Improve Your Warehouse

June 20, 2023

Charities seek to distance themselves from Michelle Mone...

November 25, 2022

Understanding Elon

November 28, 2022

Fixed-Fee vs Hourly Rate: How Conveyancing Solicitor Fees...

February 5, 2025

Long-Term Sickness Absences Hit Record High

April 17, 2024

Tata Steel Workers to Vote on Strikes Amidst...

February 19, 2024

BTC vs Gold – Which is the Best...

December 29, 2022

Transform Your Bathroom with These 5 Close Coupled...

May 9, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Duffy just got an additional job in Trump’s administration, and he’s not the only one wearing multiple hats

      July 11, 2025
    • ‘It will happen quickly’: State Dept poised to act after Supreme Court green-lights agency layoffs

      July 10, 2025
    • Hegseth tears up red tape, orders Pentagon to begin drone surge at Trump’s command

      July 10, 2025
    • SCOOP: Sen Ron Johnson readies subpoenas for FBI, DOJ in Butler shooting probe

      July 10, 2025
    • Jackson defends controversial, fiery SCOTUS dissents as telling people ‘how I feel’

      July 10, 2025
    • How to Find Compelling Charts in Every Sector

      July 10, 2025

    Categories

    • Business (8,444)
    • Investing (2,115)
    • Politics (16,002)
    • Stocks (3,199)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved