Tanaka Holdings Co. Ltd., a Japan-based producer of recycled-content precious metals, says it is actively encouraging the recycling of gold, silver and platinum group metals (PMGs) at its global network of six refineries.
The new facility is being built by Tanaka’s existing Chengdu Guangming Paite Precious Metal Co. Ltd. affiliate company in China, with the new affiliate in Sichuan to be known as Ya’an Guangming Paite Precious Metal Co. Ltd.
Tanaka says its new refinery in China is expected to begin full-scale operations in the summer of 2024 at the soonest. A total estimated investment of $34.1mn to build the Ya’an Guangming Paite Precious Metal facility will be shared between Tanaka and affiliate companies.
“This new company will manufacture precious metal compounds for various catalysts and plating and will also recover and refine precious metals from production scrap and used catalysts by introducing Tanaka’s precious metal recycling technology,” the firm states.
Part of its corporate missions, Tanaka says, is a belief that precious metal recycling will help reduce the use of mined precious metals in industrial products, thereby helping to reduce environmental impact.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
