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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (74925)	8/13/2001 11:12:20 AM
From: russet	Read Replies (1) \| Respond to of 116801

Poor little cuddly Canadians who lost their jobs chopping down trees, now mining gold and metals in big bully Americans' scrap heap,...great source of scrap with cheaper costs than mining the stuff(ggggggggggggggg). Doesn't take any energy to smelt this stuff, the circuit board burns to supply the energy needed. I hear the Sopranos are looking for "a piece of the action". NP/WSJ say Noranda sees gold in old computers Noranda Inc NRD Shares issued 238,384,744 Aug 10 close $15.55 Mon 13 Aug 2001 In the News The Globe and Mail reports in its Monday, Aug. 13, edition that Noranda has increasingly begun to mine steel, aluminum, copper, silver, platinum and palladium from discarded computer and electronic gear. The Wall Street Journal reports inside The Globe that to Noranda, the mounting global heap of used consumer electronics is as valuable a source of metal as any of its operating mines or any deposits its geologists might discover. Electronics, in fact, produce "a much higher dollar value per tonne than mined ore" from the earth, says senior vice-president of recycling Bob Sippel. Noranda reaps approximately $400-million in revenue a year from recycled material, three-quarter of which comes from electronics. Noranda estimates it holds 75 per cent of the electronics-recycling market in North America and expects its recycled metals volume to "at least double" over the next five years. Noranda says there is a lack of infrastructure in place to direct old electronics from consumers' attics and basements to recycling centres. No matter how circuitous the route is for used computers to Noranda's smelters, recycling old electronics is "very profitable" and "a growth area," says Mr. Sippel. (c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com