Gold is five-times less carbon intensive than bitcoin - Skarn Associates
For a dollars worth of bitcoin CO2 emissions are between 2.2 to 2.3 kilograms versus just 0.5 kilograms of gold, said Mark Fellows, co-founder of and director at Skarn Associates.
On Friday Fellows recorded Kitco Roundtable podcast with correspondent Paul Harris, Mining Audiences Manager Michael McCrae and editor Neils Christensen.
Skarn helps miners measure their carbon footprint.
The panelists also discussed the big M&A news. AIM-listed Bacanora Lithium (LON: BCN) announced Thursday it has agreed to a $264.5 million acquisition by its offtake partner, Ganfeng Lithium.
This year most of the big deals in the metals space have been battery materials. McCrae noted deep sea miner, The Metals Company, going public in a $2.9bn SPAC deal announced in March. The company is focused on polymetallic nodules rich in nickel, copper and cobalt. In April Lithium miners Orocobre and Galaxy Resources merged to create the world's fifth-largest global lithium chemicals company. The companies said the merger consolidates the group's position in Argentina. The deal was valued at A$4 billion.
The Bacanora deal returned focus to the battery materials space after last week's big precious metal M&A: Fortuna Silver Mines and Roxgold combining in a $884 million deal.
Other topics covered were record high copper prices, the dismal jobs report and Pandora Jewellery dropping mined diamonds.