HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Canada Joins the Energy Resource Governance Initiative
Hmm energy minerals....wonder who has these???? Hmm critical minerals....wonder who has these? Hmmm....wonder who will practice responsible mining practices??? Tick tock...
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EnergyAtState
Recognizing increasing global demand for #energyminerals requires building best practices for sound mining governance, A/S Fannon and #Canadian Assoc. Dep Minister of Natural Resources Shawn Tupper signed an MoU under ENR's Energy Resource Governance Initiative (ERGI).
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Canada Joins the Energy Resource Governance Initiative
From: Natural Resources Canada
News release
December 18, 2019 Ottawa, Ontario Natural Resources Canada
Canada and the United States share a mutual interest in improving global supply chains for critical minerals. Collaboration in this area is imperative as global demand for these minerals increases.
The United States and Canada recognize global demand for minerals will increase dramatically in the coming years and this MoU provides an important framework for cooperation in addressing these complex challenges. Today, Canada and the U.S. signed a Memorandum of Understanding confirming Canada’s participation in the Energy Resource Governance Initiative (ERGI). Led by the U.S. Department of State, the ERGI promotes sound mining sector governance, and secure and resilient supply chains for critical energy minerals. The ERGI complements the Government of Canada’s longstanding efforts to promote responsible natural resources development with a focus on supporting economic growth and environmental performance.
The signing of this MoU builds on the June 2019 commitment by the Prime Minister of Canada and the President of the United States to advance discussion on a Canada-U.S. Joint Action Plan on Critical Minerals Collaboration. Cooperation in this area cements the two countries’ mutual interest in securing supply chains for the critical minerals needed to support important manufacturing sectors, including aerospace and defense, and clean technology.
Quotes
“Canada is in a unique position to strengthen global supply chains for critical minerals. We are proud to partner with the United States through the Energy Resource Governance Initiative, to advance responsible development of critical minerals and ensure mineral security.”
The Honourable Seamus O’Regan
Canada’s Minister of Natural Resources===================================================
https://www.state.gov/energy-resource-governance-initiative/
Increasing demand for renewable energy, electric vehicles, and battery storage technologies will create unprecedented demand for energy resource minerals. Energy Resource Governance Initiative (ERGI) is a U.S. Department of State, Bureau of Energy Resources (ENR)-led effort designed to promote sound mining sector governance and resilient energy mineral supply chains. Through this initiative, ENR will engage countries to advance governance principles, share best practices, and encourage a level playing field. ERGI will also promote resilient and secure energy resource mineral supply chains.
ERGI will focus on three strategic objectives:
1. Engage resource-rich countries on responsible energy minerals governance. Demand for critical energy minerals could increase almost 1000 percent by 2050, straining the capacity of many countries to increase supply. ERGI will:
- Share best practices on minerals management and governance to foster open and transparent markets.
- Support investment frameworks that attract top tier private investment committed to advanced extractive practices and clear operating procedures.
- Promote responsible and sustainable mining practices.
2. Support resilient supply chains. Over 80 percent of the global supply chain of rare earth elements, important minerals for electric vehicles and wind turbine components, is controlled by one country. Other minerals have similar supply constraints. Reliance on any one source increases the risk of supply disruptions. ERGI will:
- Identify options to diversify supply chains.
- Facilitate trade and industry connections.
- Promote integrated and resilient supply chains.
3. Meet the expected demand for clean energy technologies. Global investment in mineral-intensive renewable power generation and battery storage technologies continues to outpace investment in fossil fuel power generation by over 100 percent annually. ERGI will:
- Encourage development finance and export credit institutions to support responsible and sustainable mining projects.
- Facilitate modern resource surveys to understand energy mineral prospects.
- Emphasize the connection between renewable energy demand and the potentially adverse impact on mineral-rich countries.
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