Royal Canadian Mint Plans to Turn Old Electronics into New Coins
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📰 The quick summary: The Royal Canadian Mint is partnering with Enim Technologies to explore urban mining from electronic waste, potentially transforming discarded devices into new coins while reducing environmental impact and waste.
📈 One key stat: Urban mining through electronic recycling produces 80% less energy than traditional mining and reduces carbon emissions by up to 70%, making it significantly more environmentally friendly.
💬 One key quote: “Sourcing metals recovered through urban mining presents an exciting opportunity for the Mint to participate in the circular economy,” Marie Lemay, President and CEO of the Royal Canadian Mint emphasized.
1️⃣ The big picture: The Royal Canadian Mint has announced plans to explore urban mining as a sustainable way to source metals for coin production. Through a potential partnership with Enim Technologies, the Mint aims to recover precious metals like gold, silver, and copper from discarded electronics. This initiative addresses the growing problem of electronic waste, with only 22% of the 137 billion pounds of e-waste generated in 2022 being properly recycled. Urban mining offers a promising alternative to traditional mining, which causes significant environmental damage through habitat destruction and chemical contamination.
2️⃣ Why is this good news: Urban mining provides a sustainable solution to two major environmental problems: electronic waste accumulation and the destructive impact of traditional mining. The process recovers valuable materials that would otherwise end up in landfills, potentially reclaiming billions of dollars worth of metals annually. Compared to conventional mining, this approach requires 80% less energy, produces 70% fewer carbon emissions, and causes no new land disruption. The initiative could transform how industries view electronic waste, turning what was once considered garbage into a valuable resource stream and creating a practical model of circular economy principles.
3️⃣ What’s next: The collaboration between Enim Technologies and the Royal Canadian Mint remains in the exploration phase with Enim planning to open its first commercial facility in 2027. If successful, this partnership could encourage other manufacturers to adopt similar sustainable practices. The initiative may also influence how consumers view their electronic devices, seeing them as future resources rather than disposable items.
Read the full story here: Happy Eco News – Canadian Mint Considers Urban Mining for Future Coins
