Study finds $200M in natural rubber buried by Australian miners
What happened
A study found that Australian mining companies bury more than 100,000 tonnes of used tyres each year. The Tyre Recyclers Association estimates that the natural rubber contained in these tyres could be worth up to $200 million. The mining industry is currently legally permitted to stockpile or send these end-of-life tyres to landfill.
From abc.net.au
Why it matters
The findings mount an economic case for recycling Off-The-Road (OTR) mining tyres, especially as global rubber production struggles to keep pace with demand. The report suggests the value of this buried rubber may increase as global demand rises.
From abc.net.au
Who's involved
- University of MelbourneConducted the study on the rubber commodity
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- University of MelbourneSpeculative
Recyclers might see increased revenue from the recovery of natural rubber from discarded mining tyres.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- How could the study on rubber commodity recycling affect Jacqueline Peel?New rubber study strengthens case for tighter mining waste rulesPossible
- New rubber commodity data may inform Bryan Kelly's market pricing researchNew data on discarded rubber may inform Bryan Kelly's market pricing research.Possible
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The entities involved
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University of Melbourne
Australian public university located in Melbourne, Victoria, Australia