Current prices (kg): Gold €132.004 Silver €2.571
    
Go back
Other questions
Related questions
Which countries have the largest gold reserves? How is the weight of gold expressed? Why should I buy gold? How much gold is used for jewelry? How much gold is used in industry? Where is the Netherlands in the top 10 gold countries? What is the difference between silver coins and silver bars? Do I choose platinum and palladium coins or bars? What is the Central Bank Gold Agreement? Which countries have the largest production of gold? Which Dutch coins are used for investments? How much gold is used for gold bars and gold coins? Why do countries have a gold reserve? How can I invest in gold? How much gold is there in the world? What types of gold mines are there? What does the spot price mean? What is an ETF? Do gold bars have a certificate? Can I take my gold abroad? Which gold coin is best to buy? How big is the gold market? Where is gold found in the world? Cheapest provider of gold Can you counterfeit gold with tungsten? Is the savings plan precious metal account physically secured? What is Gold? Which silver coin is best to buy? Is gold exempt from VAT? What does carat mean? How do I know if the gold is real? What are LBMA gold bars? Why is gold so valuable? Do I pay VAT on silver? What are bullion coins? Why doesn’t the gold price change over the weekend? Will gold ever come back as money? Is the purchase of silver exempt from VAT? What is the difference between gold coins and gold bars? How has the gold price developed over the longer term? Is gold scarce? What is the difference between platinum and palladium? How much gold does a gold investment coin contain? Can silver discolor? Why do central banks own so much gold? Where can I buy gold? What is the lifespan of a gold mine? How much gold comes out of gold mines each year? Can the government demand (confiscate) gold? Is the gold price being manipulated? How is gold recycled? What is the daily fixing for gold? Why are gold coins and bars more expensive than the price of gold? How does the VAT margin scheme on silver coins work? What is the difference between buying physical goud and an exchange-traded gold product such as the iShares Physical Are there any other uses for gold? Do I pay VAT on platinum and palladium? What does the LBMA quality mark mean? What investment coins are there? Do I choose gold coins or gold bars? Do silver bars have a certificate? What does the gold agreement entail? Where are the above-ground gold deposits? What size gold bar or coin do I choose? What does the supply and demand of gold consist of? (The Golden Tree) How long does it take to start up a gold mine? Do I pay VAT on silver coins? Why is the price of gold rising or falling? How much gold comes out of recycling each year? How much silver does a silver investment coin contain? When did the Netherlands leave the gold standard? Which silver bar should I choose? How much gold is left in the ground?
How harmful are gold mines to the environment?

Today, a gold mine extracts on average a few grams of pure gold from a ton of gold ore. This means that thousands of kilos of rock have to be processed for a gold ring or a gold investment coin. This is done with large machines that require a lot of diesel. If we divide the total gold production of the five largest gold mines in the world by the total fuel consumption, we arrive at a consumption of about 90 liters of diesel per troy ounce of gold in 2012 and 2013. According to S&P Global (2019), gold mines emit about 0.8 tons of CO2 for every ounce of gold mined. 

In addition, mines use a lot of water, cyanide and mercury to extract the gold from the rock for gold mining. The wastewater washes into rivers, taking large amounts of sand and debris with it. The use of mercury can also release toxic fumes into the air. Big Open pit Gold mines also disturb the landscape and ecosystem. If a mine is not carefully returned to nature afterwards, there is also a risk of erosion and further deforestation. It is therefore not surprising that there are increasingly strict controls on the origin of gold and that mines in various countries are subject to strict regulations with regard to the environment.

 

 

 

Did it work? Let us know!
Is your question not answered?
Please fill in the contact form with your question.
Or contact us by phone: 
+31(0)88 468 8400
We care about your privacy

You can set your cookie preferences by accepting or rejecting the various cookies described below

Necessary

Necessary cookies help make a website more usable by enabling basic functions such as page navigation and access to secure areas of the website. Without these cookies, the website cannot function properly.

Necessary
Preferences

Preference cookies allow a website to remember information that changes the way the website behaves or looks, such as your preferred language or the region you are in.

Statistics

Statistical cookies help website owners understand how visitors interact with websites by collecting and reporting information anonymously.

Marketing

Marketing cookies are used to track visitors across different websites. The aim is to display ads that are relevant and appealing to the individual user and therefore more valuable to publishers and third-party advertisers.