Kevin Fell, chairman and group CEO of Clean Earth Technologies
Singapore-based CleanMining has closed an SGD10 (US$7.4) million funding round with Strand Hanson Asia, an independent consulting boutique.
CleanMining, a wholly-owned subsidiary of Clean Earth Technologies, will use the money for geographic expansion. “This funding exercise by Strand Hanson will accelerate Clean Mining’s global expansion with offices in North and South America as we have a pipeline of over 600 opportunities. We will also be able to increase our sales and engineering capabilities across the globe,” Kevin Fell, chairman and group CEO of Clean Earth Technologies, said in a statement.
This funding comes a week after the envirotech company bagged the Australian High Commission Singapore Sustainability Award.
CleanMining provides an innovative ore processing technology. It eliminates the use of cyanide and mercury in the treatment of precious metal ores, particularly gold.
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“Our innovative gold recovery solution is a breakthrough for the gold mining industry to get rid of the use of toxic chemicals which are harmful to the environment and human life,” added Fell.
The company has secured two contracts from NuFortune Gold of Australia for its non-toxic gold recovery solution and extraction technology.
The group also creates a circular economy for e-waste by removing metals from waste electronics without using toxic and energy-intensive processes involving cyanide, acids or smelting. With the latest funding, CET will open its first e-waste factory in Adelaide by the end of this year.
In addition, CET’s new polymers developed in collaboration with Associate Professor Justin Chalker will provide sustainable solutions to some of the world’s most significant challenges, namely ensuring clean air, freshwater, remediation of oil spills and sustainable food production.
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