E-Waste Mining Could Be Big Business (bbc.com)

An anonymous reader quotes a report from the BBC: Professor Veena Sahajwalla's mine in Australia produces gold, silver and copper -- and there isn't a pick-axe in sight. Her "urban mine" at the University of New South Wales (UNSW) is extracting these materials not from rock, but from electronic gadgets. The Sydney-based expert in materials science reckons her operation will become efficient enough to be making a profit within a couple of years. "Economic modeling shows the cost of around $500,000 Australian dollars for a micro-factory pays off in two to three years, and can generate revenue and create jobs," she says. "That means there are environmental, social and economic benefits." In fact, research indicates that such facilities can actually be far more profitable than traditional mining.

According to a study published recently in the journal Environmental Science & Technology, a typical cathode-ray tube TV contains about 450g of copper and 227g of aluminum, as well as around 5.6g of gold. While a gold mine can generate five or six grammes of the metal per tonne of raw material, that figure rises to as much as 350g per tonne when the source is discarded electronics. The figures emerged in a joint study from Beijing's Tsinghua University and Macquarie University, in Sydney, where academics examined data from eight recycling companies in China to work out the cost for extracting these metals from electronic waste.

Comments

In the US we've pretty much stopped making steel

[rsilvergun]

because recycling the old steel is more profitable. To be fair we also don't build infrastructure anymore (thanks to 40 years of non-stop tax cuts) so we don't need very much of it.