SME GUIDE FOR REPORTING EXPLORATION INFORMATION, MINERAL RESOURCES, AND MINERAL RESERVES

The 2017 SME Guide for Reporting Exploration Results, Mineral Resources, and Mineral Reserves has been adopted by the Society for Mining, Metallurgy, and Exploration, Inc. (SME) and is therefore strongly recommended to be used by members of this organization.

The Guide is recommended as a minimum standard for reporting Exploration Results, Mineral Resources and Mineral Reserves for public and private purposes. In terms of the Guide, Public Reports are reports prepared for the purpose of informing investors or potential investors and their advisers on Exploration Results, Mineral Resources or Mineral Reserves.

Materiais e tecnologias energéticas de baixa emissão de CO2, a situação actual – Luís Gil

Para quem se interessa pela questão da transição para energias limpas (e quem hoje pode não se interessar ?), A revista Indústria e Ambiente, acaba de publicar um artigo do investigador Luís Gil sobre os mais recentes desenvolvimentos no domínio dos materiais usados nas tecnologias energéticas de baixa emissão de CO2: Os Materiais e as mais recentes Tecnologias Energéticas Hipocarbónicas.

O engenheiro Luís Gil é Coordenador da Divisão de Materiais e Energia, Sociedade Portuguesa de Materiais / Divisão de Estudos Investigação e Renováveis, DGEG.

Transition into a new mobility: US National Academies perspectives

The trend towards electrification, especially in mobility, is a major priority in the European Union.  Electrical networks’ management, batteries’ technologies and raw materials  – e.g. Co, Li and REE, generally considered critical by the EU, US and Japan and lifecycle CO2 emissions of electrical vehicles are now core issues the European Union and the focus of intense research and development in Europe’s more advanced economies, e.g. Germany, Sweden, Finland and Norway (outside the EU but with close economic and geographical ties to the Union and arguably the country with the highest electric vehicles adoption rate).

Despite being home to the iconic Tesla and California’s long-term continuous push towards low emission vehicles, the US are (wrongly, possibly) perceived today as not being in the forefront of the transition towards new-technology vehicles. Yet, the theme is also being actively discussed, perhaps in a more (typically American) open and pragmatic perspective, a particular technology having not been elected.

The (United States) National Academies of Sciences, Engineering, and Medicine is organizing a study to assess technologies for improving the fuel economy of light-duty vehicles. The study committee will author a report identifying fuel economy technologies, estimating the potential cost of fuel economy improvements and the barriers to deploying technologies in the 2025 to 2035 time frame.

You are invited to participate in the second study committee meeting on July 16, 2018 from 1-5:30pm ET in Washington, D.C. If you are unable to attend in person, we invite you to register for the webcast. Government, industry and non-governmental experts will address the committee on its statement of task during this information gathering session.

For those able to attend, registration is needed: Registration

The (US) National Academies Press has also made available several publication on related issues:

  • Assessment of Fuel Economy Technologies for Light-Duty Vehicles.
    National Research Council. 2011.
    Washington, DC: The National Academies Press.
    https://doi.org/10.17226/12924.
    Various combinations of commercially available technologies could greatly reduce fuel consumption in passenger cars, sport-utility vehicles, minivans, and other light-duty vehicles without compromising vehicle performance or safety. Assessment of Technologies for Improving Light Duty Vehicle Fuel Economy estimates the potential fuel savings and costs to consumers of available technology combinations for three types of engines: spark-ignition gasoline, compression-ignition diesel, and hybrid.
  • Cost, Effectiveness, and Deployment of Fuel Economy Technologies for Light-Duty Vehicles.
    National Research Council. 2015.
    Washington, DC: The National Academies Press.
    https://doi.org/10.17226/21744.
    The light-duty vehicle fleet is expected to undergo substantial technological changes over the next several decades. New powertrain designs, alternative fuels, advanced materials and significant changes to the vehicle body are being driven by increasingly stringent fuel economy and greenhouse gas emission standards. By the end of the next decade, cars and light-duty trucks will be more fuel efficient, weigh less, emit less air pollutants, have more safety features, and will be more expensive to purchase relative to current vehicles. Though the gasoline-powered spark ignition engine will continue to be the dominant powertrain configuration even through 2030, such vehicles will be equipped with advanced technologies, materials, electronics and controls, and aerodynamics. And by 2030, the deployment of alternative methods to propel and fuel vehicles and alternative modes of transportation, including autonomous vehicles, will be well underway. What are these new technologies – how will they work, and will some technologies be more effective than others?
  • Review of the Research Program of the U.S. DRIVE Partnership: Fifth Report.
    National Academies of Sciences, Engineering, and Medicine. 2017.
    Washington, DC: The National Academies Press.
    https://doi.org/10.17226/24717.
    Review of the Research Program of the U.S. DRIVE Partnership: Fifth Report follows on four previous reviews of the FreedomCAR and Fuel Partnership, which was the predecessor of the U.S. DRIVE Partnership. The U.S. DRIVE (Driving Research and Innovation for Vehicle Efficiency and Energy Sustainability) vision, according to the charter of the Partnership, is this: American consumers have a broad range of affordable personal transportation choices that reduce petroleum consumption and significantly reduce harmful emissions from the transportation sector. Its mission is as follows: accelerate the development of pre-competitive and innovative technologies to enable a full range of efficient and clean advanced light-duty vehicles (LDVs), as well as related energy infrastructure. The Partnership focuses on precompetitive research and development (R&D) that can help to accelerate the emergence of advanced technologies to be commercialization-feasible.
  • Transitions to Alternative Vehicles and Fuels.
    National Research Council. 2013.
    Washington, DC: The National Academies Press.
    https://doi.org/10.17226/18264.
    For a century, almost all light-duty vehicles (LDVs) have been powered by internal combustion engines operating on petroleum fuels. Energy security concerns about petroleum imports and the effect of greenhouse gas (GHG) emissions on global climate are driving interest in alternatives. Transitions to Alternative Vehicles and Fuels assesses the potential for reducing petroleum consumption and GHG emissions by 80 percent across the U.S. LDV fleet by 2050, relative to 2005.
  • Overcoming Barriers to Deployment of Plug-in Electric Vehicles.
    Transportation Research Board and National Research Council. 2015.
    Washington, DC: The National Academies Press.
    https://doi.org/10.17226/21725.
    In the past few years, interest in plug-in electric vehicles (PEVs) has grown. Advances in battery and other technologies, new federal standards for carbon-dioxide emissions and fuel economy, state zero-emission-vehicle requirements, and the current administration’s goal of putting millions of alternative-fuel vehicles on the road have all highlighted PEVs as a transportation alternative. Consumers are also beginning to recognize the advantages of PEVs over conventional vehicles, such as lower operating costs, smoother operation, and better acceleration; the ability to fuel up at home; and zero tailpipe emissions when the vehicle operates solely on its battery. There are, however, barriers to PEV deployment, including the vehicle cost, the short all-electric driving range, the long battery charging time, uncertainties about battery life, the few choices of vehicle models, and the need for a charging infrastructure to support PEVs. What should industry do to improve the performance of PEVs and make them more attractive to consumers?
  • Technologies and Approaches to Reducing the Fuel Consumption of Medium- and Heavy-Duty Vehicles.
    Transportation Research Board and National Research Council. 2010.
    Washington, DC: The National Academies Press.
    https://doi.org/10.17226/12845.
    Vehicles evaluates various technologies and methods that could improve the fuel economy of medium- and heavy-duty vehicles, such as tractor-trailers, transit buses, and work trucks. The book also recommends approaches that federal agencies could use to regulate these vehicles’ fuel consumption. Currently there are no fuel consumption standards for such vehicles, which account for about 26 percent of the transportation fuel used in the U.S.
  • Reducing the Fuel Consumption and Greenhouse Gas Emissions of Medium- and Heavy-Duty Vehicles, Phase Two: First Report.
    Transportation Research Board and National Research Council. 2014.
    Washington, DC: The National Academies Press.
    https://doi.org/10.17226/18736.
    Medium- and heavy-duty trucks, motor coaches, and transit buses – collectively, “medium- and heavy-duty vehicles”, or MHDVs – are used in every sector of the economy. The fuel consumption and greenhouse gas emissions of MHDVs have become a focus of legislative and regulatory action in the past few years. Reducing the Fuel Consumption and Greenhouse Gas Emissions of Medium- and Heavy-Duty Vehicles, Phase Two is a follow-on to the National Research Council’s 2010 report, Technologies and Approaches to Reducing the Fuel Consumption of Medium-and Heavy-Duty Vehicles. That report provided a series of findings and recommendations on the development of regulations for reducing fuel consumption of MHDVs.
  • Strategies to Advance Automated and Connected Vehicles.
    National Academies of Sciences, Engineering, and Medicine. 2017.
    Washington, DC: The National Academies Press.
    https://doi.org/10.17226/24873.
    TRB’s National Cooperative Highway Research Program (NCHRP) has released Strategies to Advance Automated and Connected Vehicles: Briefing Document. It is intended for state, regional, and local agency and political decision makers who are framing public policy making for these transformational technologies. The briefing document makes the case for taking action in spite of uncertainties and presents 18 policy and planning strategies that may be useful in advancing societal goals.
  • Liquid Transportation Fuels from Coal and Biomass: Technological Status, Costs, and Environmental Impacts.
    National Academy of Sciences, National Academy of Engineering, and National Research Council. 2009.
    Washington, DC: The National Academies Press.
    https://doi.org/10.17226/12620.
    TRB’s National Cooperative Highway Research Program (NCHRP) has released Strategies to Advance Automated and Connected Vehicles: Briefing Document. It is intended for state, regional, and local agency and political decision makers who are framing public policy making for these transformational technologies. The briefing document makes the case for taking action in spite of uncertainties and presents 18 policy and planning strategies that may be useful in advancing societal goals.

 

Don’t know if it will rain tomorrow, but

the World Gold Council just published a report discussing the next three decades for gold – Gold 2048. Based on the opinions of several industry experts, the document discusses where key trends may lead the precious commodity and the industry:

  • The expanding middle class in China and India, combined with broader economic growth, will have a significant impact on gold demand.
  • Use of gold across energy, healthcare and technology is changing rapidly. Gold’s position as a material of choice is expected to continue and evolve over the coming decades.
  • Mobile apps for gold investment, which allow individuals to buy, sell, invest and gift gold will develop rapidly in India and China.
  • Environmental, social and governance issues will play an increasing role in re-shaping mining production methods.
  • The gold mining industry will have to grapple with the challenge of producing similar levels of gold over the next 30 years to match the volume it has historically delivered.

The best way to avoid getting wet in tomorrow’s economy is to listen to the weatherman, reading experts’ opinions to form your own. The report is available at the World Gold Council’s website.

gold, gold, gold, crypto coins, blockchain and diamonds

What happened, what may happen

For those interested in the yellow metal, the World Gold Council recently released two documents on the 2017 gold market events and on the outlook for 2018. We all now how forecasts work (I have just read and quote “if you have to forecast, forecast a lot“). Even so, the more you read and know, the better (provided you have a critical knowledgeable mind). The documents are available for download at WGC’s website or from here:

In another issue, a World Gold Council report states that:

  • Cryptocurrencies are no substitute for gold. In a summary of their report, WGC says”Bitcoin’s parabolic price rise was the big story of 2017 – putting the spotlight on the cryptocurrency market. While gold’s performance was a solid 13%, it was a fraction of the 13-fold increase of bitcoin by the end of the year.
    Some commentators went as far as to claim cryptocurrencies could replace gold. Cryptocurrencies may become an established part of the financial system. But, in our view, gold is very different from cryptocurrencies, as gold:

    • is less volatile
    • has a more liquid market
    • trades in an established regulatory framework
    • has a well understood role in an investment portfolio
    • has little overlap with cryptocurrencies on many sources of demand and supply. 

    These characteristics underpin gold’s role as a mainstream financial asset that will likely continue to resonate in today’s digital world.

Diamonds as an investment is no longer news; it’s been around since the oil crises of the seventies. There has been some evolution recently, related to the blockchain technology and crypto coins:

  • De Beers, has announced that “it is progressing development of the first blockchain technology initiative to span the diamond value chain and provide a single, tamper-proof and permanent digital record for every diamond registered on the platform.” Read more here, at IDEX.
  • The Israel Diamond Exchange (IDE) unveiled a new diamond-backed digital coin at IDWI (international Diamond Week in Israel). “The Israel Diamond Exchange and startup CARATS.IO have unveiled a new diamond-based crypto currency called CDC (Carats.io Diamond Currency), which they created together. The new coin was unveiled yesterday (Monday) at the International Diamond Week in Israel (IDWI – February 5 – 7, 2018). The trade in the crypto currency will be based on a new index, presented yesterday for the first time, which will reflect the daily trends in the diamond trade at the IDE. The index will be updated daily on big LED screens, which will be set at the Trading Hall. The index will reflect diamond prices set according to 14 parameters for comparing diamond prices”. To know more, just read here, at IDE’s website.
    According to Founder and CEO Avishai Shoushan, CARATS.IO’s extensive ecosystem of products will elevate the entire diamond industry. CARATS.IO is creating two separate cryptocurrencies, each backed by diamonds purchased on the Israel Diamond Exchange. One coin, called CUT (Carat Utility Token), will be used specifically in B2B transactions between eligible diamond traders. This currency will enable safe peer-to-peer transactions, altogether eliminating the need for financial intermediaries. The second currency, called CARAT, is meant for the wider market of financial institutions and digital currency investors. Both currencies will be backed by diamonds, with a market cap coverage of 25 percent, significantly reducing their speculative level of investment.“, in previous news.

Dredging 2016 – IADC report

IADC’s review of the global dredging market, Dredging in Figures, is published annually. Released in September 2017, this edition focuses on the international dredging industry’s revenue for 2016.

The report (just click the link) highlights essential information about the dredging industry, divided into three sections – Corporate Social Responsibility (CSR) that includes sustainability, emissions and safety, the drivers of the dredging industry, and the turnover in the open markets of the industry. Statistics presented are based on information from public sources and IADC member companies.

(adapted from https://www.iadc-dredging.com)

Lítio em Portugal – Relatório do grupo de trabalho

Encontra-se disponível para consulta pública o relatório do Grupo de Trabalho “Lítio”, criado por Despacho nº 15040/2016 do Secretário de Estado da Energia (publicado no D.R., 2ª Série, de 13 de dezembro de 2016). O relatório pode ser obtido no site da DGEG ou directamente aqui.

Todos os interessados poderão apresentar aqui os seus comentários e sugestões até ao próximo dia 8 de julho.