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Recycling of mining waste. Who will make a profit?
Recycling is the reprocessing of waste.
I have been engaged in recycling of mining and metallurgical wastes for more than 25 years, so I am very well versed in this field. Often recycling is of positive significance. I know such examples.
However, recently the concept of "recycling" has been used in questionable schemes.
The purpose of such schemes is to make you pay several times for the same product.
I will give you an example based on real events that are currently taking place.
One company suggested you to extract 100 tons of gold from the mineral deposit. The volume of investments is 350 million dollars. Not bad!?
But there was an ordinary story and this money was not enough. The volume of investments in the end amounted to 1 billion dollars.
The plant built did not give the expected results. They used a technology that was not suitable for this ore, so the company extracted only 20 tons of gold. They lost 80 tons of gold and transferred them to waste.
You are angry and furious. You mourn for your lost profits and your lost money.
And here the company offers you a new solution - RECYCLING!
The company offers you to reprocess the tails and extract the remaining 80 tons of gold. To do this, they must build a new plant, and you must invest $ 1 billion again (with other investors).
Instead of picking up your money and get out from this dubious scheme, you encourage the poor performance of the company and again invest $ 1 billion.
The constructed plant did not give the expected results either. As a result, the company extracted only 30 tons of gold from the tails, and 50 tons of gold lost again.
What do you have in the end?
Initially, they offered you to invest $ 350 million and extract 100 tons of gold.
You invested 2 billion, and they extracted 50 tons of gold.
You spent 11.4 times more.
You invested $ 1.65 billion more than you planned.
Tell me, would you participate in the project if you knew the real results in advance? I think not.
Who is the beneficiary?
Now let's see who the beneficiaries are:
1. The owner of the field and intermediaries (brokers) are beneficiaries twice. Once they sell you ore, and the second time they sell you your tails (according to the laws of several countries, the tails of processing are the property of the state).
2. The company that offered you to invest money in their project is the beneficiary constantly, as they pay all expenses at the expense of the investor (at your expense).
3. Technology suppliers and plant suppliers. Instead of one good technology, they sold you two bad ones. They will sell you the third and fourth ...
Do not risk your billions or borrowed. This is too expensive price for nothing.
We will help you to do everything in one go, without recycling.
It's like in a taxi: First option. You can pay by the counter, and the cunning taxi driver will take you to the airport in circles all the way to infinity because it is so much more profitable for him.
The second option. Or you can immediately pay a fixed fare, and the taxi driver races with you in minutes to quickly deal with other customers.
We are for a fixed payment for a quality final result.
Seek advise here "The development of a new ore processing technology" before you invest in the project.
Do not spent 11 times more money!
© Ph.D. Natalia Petrovskaya, Ph.D. Igor Bobin
20 March 2018
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