Historically both Smelting and SX-EW have been used to produce copper. Because these technologies require significant electricity and infrastructure, they produce vast amounts of Green House Gases and environmental disturbance.
The highly capital-intensive nature of the equipment used for these processes requires mining on a mega scale to achieve economic viability.
The Destiny process uses a chemical ion exchange, which is a hydrometallurgical process and is therefore not reliant on electricity to produce copper. Destiny is able to focus on near surface high-grade copper oxide and tailings in rural communities. Employment opportunities are often limited in these regions, however Destiny Copper’s Clean-tech has the ability to re-energize these old mining towns.
By almost eliminating the need for energy when compared to the SX-EW and Smelting processes, Destiny is able to produce copper metal using its cleantech process at less than 50% of the LME copper price. This is substantially more competitive when compared to the large industry players, while simultaneously reducing the impact on the environment, and creating jobs.
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