Engineering & Mining Journal

JAN 2019

Engineering and Mining Journal - Whether the market is copper, gold, nickel, iron ore, lead/zinc, PGM, diamonds or other commodities, E&MJ takes the lead in projecting trends, following development and reporting on the most efficient operating pr

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JANUARY 2019 • E&MJ 47 www.e-mj.com OPERATING STRATEGIES ments. Once launched, the AI Working Group will form a steering committee to refi ne the scope and objectives and iden- tify early projects. Meanwhile, recognizing that blockchain technology is increasingly being tested and used as a tool by the mining industry, the Responsible Minerals Initiative (RMI) has published a set of Blockchain Guidelines aimed at promoting the common adoption of defi nitions and concepts in the appli- cation of blockchain-enabled solutions in mineral supply chains, along with consen- sus on the fundamental data attributes to be included at each stage of the blockchain enabled solution in mineral supply chains. RMI was founded in 2008 by mem- bers of the Responsible Business Alliance (RBA) and the Global e-Sustainability Ini- tiative (GeSI). Blockchain is a distributed ledger tech- nology, used to synchronize digital records across multiple locations, which relies upon cryptography rather than trusted third parties to confi rm transactions. Due to its characteristics, blockchain can be used as a tool to increase transparency, provide provenance data and establish end-to-end traceability in mineral supply chains. RMI, noting an increasing number of blockchain projects that are under devel- opment or have started implementation in mineral supply chains, warns that these are often applied by a relatively limited number of supply chain actors and lack a shared understanding of defi nitions, con- cepts and data attributes. The guidelines encourage blockchain- enabled solutions in mineral supply chains to integrate certain core elements in their design and implementation, such as: • Meeting applicable legal requirements. • Being decentralized, ensuring the ab- sence of a single place where data is aggregated or controlled. • Being interoperable; i.e., the ability to transfer data between blockchain applications. • Being self-sovereign; no actor on the platform should be able to access sup- ply chain data they do not own, or have not been provided access to by the owning actor. • Offering a governance model or consen- sus mechanism that includes adequate considerations on how to protect the ap- plication against attacks. • Taking into account any impact and burden of implementation on all supply chain actors. • Where possible and appropriate, apply- ing existing global standards covering the areas of relevance to these guide- lines. Areas of relevance include, but are not limited to: – Data exchange – Restrictions for hazardous substances – Supply chain due diligence – Responsible business conduct – Responsible mining practices • Being accessible to large, medium and small actors (where appropriate) to enter accurate data. At a minimum, and where applicable, ensure that artisanal and small-scale miners are not excluded from the supply chain due to reduced access to technology and education. • Accounting for the recording of individ- ual transactions with a mass balance. • Supporting a controlled reconciliation procedure to 'adjust' transactions where discrepancies have been reported, in- vestigated and successfully reconciled. The procedure shall use the same con- sensus mechanism as applied to the initial data set. THE HEARTBEAT OF OUR INDUSTRY bauma, Munich, April 8 –14, 2019 Being the world's leading event in the sector, bauma is the ideal environment for successful mining business. Because it gathers about 600,000 experts – including all international key players from the mining and construction industries. Contact: Trade Show Services GACC New York, Inc., kvogelsang@tssworldwide.com, Tel. +1 646 437 1013 THE HEARTBEAT YOUR VISIT. YOUR TICKET TO THE MARKET. www.bauma.de THE HEARTBEAT OF OUR INDUSTRY bauma, Munich, April 8 –14, 2019 Being the world's leading event in the sector, bauma is the ideal environment for successful mining business. Because it gathers about 600,000 experts – including all international key players from the mining and construction industries. Contact: Trade Show Services GACC New York, Inc., kvogelsang@tssworldwide.com, Tel. +1 646 437 1013 THE HEARTBEAT OF OUR INDUSTRY bauma, Munich, April 8 –14, 2019 Being the world's leading event in the sector, bauma is the ideal environment for successful mining business. Because it gathers about 600,000 experts – including all international key players from the mining and construction industries. Contact: Trade Show Services GACC New York, Inc., kvogelsang@tssworldwide.com, Tel. +1 646 437 1013 Contact: Trade Show Services GACC New York, Inc., kvogelsang@tssworldwide.com, Tel. +1 646 437 1013 YOUR VISIT. YOUR TICKET TO THE MARKET. www.bauma.de Connecting Global Competence

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