How to Alleviate the Environmental Impact Of Gold Mining
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Gold Mining is regarded as one of the most destructive activities for the environment. It affects natural ecosystems by removing soil and vegetation, depletes biodiversity resources, and poses a persistent toxicological threat to surrounding ecosystems and human health. The sheer scale of destruction that mining leads to is clear when taken into consideration the fact that mining just one ounce of gold generates approximately 800 KG of greenhouse gasses.
Despite the environmental devastation, gold mining continues at a breathtaking pace, with much of the appetite for gold linked to its value as an investment. In fact, almost 50% of gold mined annually ends up collecting dust in bank vaults, and the top ten G20 nations hold more than 25,000 metric tons of gold as reserves.
It’s not all bad news, though. While gold mining continues on a massive scale, technological advancements are enabling more sustainable gold mining methods, with various tools and resources being deployed to provide safer and more efficient ways to mine resources. Technologies such as artificial intelligence and carbon capture, for example, are making the extraction of essential minerals and metals like gold more sustainable.
The use of electric equipment instead of harsh chemicals or high-heat furnaces has also contributed to reduced mining pollution and recycling processes. Enhanced eco-friendly mining engines have lowered hazardous emissions by 90%. As a result, we have witnessed a drastic decrease in particulate matter, nitrogen oxides, and hydrocarbon emissions from mines.
More recently, the advent of blockchain technology and
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