– The Sun News

Switzerland flushes millions worth of gold and silver down its drains

Switzerland’s waste water is more precious than it smells, it contains 3 million Swiss francs (3.1 million dollars) worth of gold and silver each year, scientists have calculated in a new study on Tuesday.

The National Eawag Water Research Institute said that 43 kilogrammes of gold and 3 tons of silver end up in waste-water treatment plants every year, with each metal worth about 1.5 million francs.

According to the study, much of the gold flows off from gold refineries in the Ticino region, while the silver is used by the chemical and medicine industries.

Report says Switzerland is a major commodity trading hub, as well as one of the world’s biggest gold-processing countries.

Government statistics show gold accounted for more than a quarter of all exports in 2016, when Switzerland sold 298 billion francs worth of goods abroad.

“In some places in the Ticino region, the gold concentration in the sludge is so high that it might be worth recycling it,’’ the Eawag institute said in a statement.

(Source: dpa/NAN)

Share

About author

Tokunbo David
Tokunbo David

Writer and editor.

Leave a reply

Your email address will not be published. Required fields are marked *

Archive

August 2018
S M T W T F S
« Jul    
 1234
567891011
12131415161718
19202122232425
262728293031  

Enquiries

Take advantage of our impressive statistics, advertise your brands and products on this site. Get in touch. For print/online adverts inquires: 09070051404

EDITOR

Online Editor: Aderonke Bello
Telephone: 08189015120
Email:  [email protected]

Share