As of this morning Advanced Chemical has power and phones again. That means we’re back up and running! Thank you for your patience as we waited through the repercussions of the storm.
If you have any questions or concerns, please feel free to contact us.
… but our utilities did not. At Advanced Chemical, the only impact that Irene had is a single downed tree, and even that didn’t damage anything as it fell.
However, we are impacted by the same utilities outages that most of Rhode Island are. We are currently without power and telephones, but have been told that crews are working around the clock to restore systems.
We are ready to begin work again as soon as our utilities are restored and we wanted to let all of our clients know that our facilities are still in the same perfect conditions they were in before the storm hit. We are looking forward to getting back to work soon and want to thank everyone who expressed concern during and after the storm.
On Friday May 6th CNN spent several hours in our facility. Their focus was for a story on Precious Metal Refining and the applications of Gold in Electronics Manufacturing. It was probably as much fun for us as it was for the reporter. His original thought of refining was mainly confined to melts. He was astounded at all of the processing options available to manufactures when reclaiming material. He had no idea material like filters, flooring or cyanide solutions could contain gold never mind that the gold could be reclaimed! Things got better when we dropped multi-layered scrap into our Acid Digestion Kettles! The expression on his face was priceless while he watched the instant reaction as the material started to bubble and boil!
You can watch it too - click on this link and you can watch the whole thing. It’s about 3 minutes long and gives a terrific summary of the what we do. If you have any questions feel free to email me at Jantonacci@advchem.com
http://money.cnn.com/video/smallbusiness/2011/05/11/sbiz_gold_silver_refinery.cnnmoney/
You’ve heard it many times: “They cannot get all of the gold off your material through chemical stripping. If you do not melt everything, you are getting short changed.”
This simply is not true. Ordinary clean base metal scrap will strip very well. Any gold remaining after the process is usually less than 1 toz/ton. This may not be the case when the material has plastic encapsulating plated areas or where the material has an oily film. Encapsulated scrap should indeed be melted or shredded and stream sampled. However, this is a small percentage of scrap from most customers. As for oily materials, these can be readily handled with a degreaser along with multiple pass stripping. The combination of these processes is very effective.
The major benefit of chemical stripping is drastically reduced processing fees. For example, take a 2,000 lb lot of clean industrial scrap.
Melt fees @ $0.19 / toz = $5,540 Vs. Chemical stripping fees @ $0.95 / lb = $1,900
Typically, settlement times for chemical stripping are also much shorter. On average, chemically stripped materials settle in 20 working days. On the other hand, melting times are often out months. Quicker settlement may be offered, but this will usually come with a hefty financing fee.
As with any refining quote, one should be careful to examine all costs. It is not unusual for refiners to have a variety of fees (sampling, assaying, shipping, etc.). Keep in mind that if materials are melted, several melts may be required which in turn generate separate assaying fees. Also, be particularly cautious if the material is not being processed in the United States. Shipping and insurance costs can quickly exceed expectations.
The bottom line is that customers should compare their net dollar per pound return for similar materials. If given a fair evaluation, chemical stripping has consistently come out on top for most forms of plated scrap .
With a name like ours, Advanced Chemical Company, this may seem as if we are biased. The reality is we have the capabilities for both chemical stripping and melting. If you have any questions feel free to contact us directly - info@advchem.com