Gold Bullion market to go green?

The Gold Bullion market could be set to go green as a new separating device is revealed in South America.

A Peruvian engineer has created a machine that separates gold from clumps of sand without using mercury, therefore making it an environmentally friendly alternative to the norm, according to Reuters.

Carlos Villachica, the engineer who developed the device, said that the invention could prove to be a significant step towards making the smaller scale mining companies more eco aware.

He told the news provider: "This is ethical gold, because it’s not using mercury. Small scale mining is a big employer, and the machine’s cost of operation is cheap."

Meanwhile, Globex Mining Enterprises Inc has come to an agreement with Drinkard Metalox Inc (DMI) to form a joint venture to commercialise the latter's hydrometallurgical technologies.

The patented technique allows for the environmentally friendly recovery of gold and other precious metals on a large scale.

A press release from the company said: "Numerous refractory gold deposits have not reached commercial production due to low gold recoveries and the potential environmental damage that can be caused by the disposal of arsenic in tailings."

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