The Royal Mint has launched a groundbreaking facility in south Wales.
This innovative factory is set to recover gold from electronic waste, marking a major step in sustainable technology.
High-Tech Gold Recovery
Established in March 2022, the facility aims to extract gold from up to 4,000 tonnes of UK-sourced electronic circuit boards annually. This includes devices such as phones, laptops, and TVs. The Royal Mint plans to use the recovered gold for its 886 jewellery range, which was introduced in 2022 and includes rings, necklaces, and earrings.
Advanced Processing Techniques
The new facility will employ a two-step gold extraction process. Initially, components and metals are separated from the circuit boards at a specialised plant. Then, the gold-containing pieces are processed at the south Wales factory using a patented chemistry developed by the Canadian clean technology firm Excir.
This unique method involves using a spinning drum that washes the circuitry pieces in a special acid mix. It dissolves the gold in just four minutes, offering a more energy-efficient alternative to traditional high-temperature extraction methods.
Environmental Benefits
To produce one 7.5g gold ring from the 886 collection, about 600 mobile phones must be processed. This highlights the efficiency and scale of the new facility.
The Royal Mint anticipates using the recovered gold beyond jewellery, potentially for commemorative coins and other applications.
This project aligns with the Royal Mint’s strategy to diversify operations as the use of cash declines. The entire initiative underscores a commitment to environmental sustainability.
Economic Impact and Innovation
Owned by the UK Treasury, the Royal Mint pays an annual dividend to the government, with the rest of the profits reinvested into the business. This new venture is expected to significantly contribute to the UK’s economy.
The innovative approach to gold recovery exemplifies how traditional institutions can adapt to modern challenges.
Leadership and Vision
Anne Jessopp, Chief Executive of the Royal Mint, stated, “The Royal Mint is transforming for the future, and the opening of our precious metals recovery factory marks a pivotal step in our journey.”
Under her leadership, the Royal Mint aims to pave the way for other institutions to adopt similar sustainable practices.
Historical Significance
With a heritage of over 1,100 years in coin production, the Royal Mint is no stranger to adapting to change.
This new facility represents a blend of tradition and innovation, showcasing the Royal Mint’s ability to evolve with the times.
The Royal Mint’s new facility in south Wales represents a significant stride towards sustainable technology.
By recovering gold from e-waste, the institution not only preserves the environment but also sets a new standard for the industry.