The project will be the Japanese company’s first desalination plant and it is estimated to require an investment of around $623 million (70 billion Yen).
Researchers estimate that roughly 43 kg of gold — worth about $1.8 million at current prices — and 3,000 kg of silver (worth nearly $1.7 million) were flushed away last year.
The Singapore Diamond Investment Exchange (SDIX) has launched a new investment-grade, standardized diamond product to rival gold as a safe-haven asset.