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How blockchain will help miners meet evolving ESG demands


How blockchain will help miners meet evolving ESG demands
Block chain concept – digital code chain. Stock image.
At the Association for Mineral Exploration’s Remote Roundup in January, mining entrepreneur – and master communicator – Robert Friedland laid out his predictions for the future of mining.
In addition to a more diverse industry, the founder and executive co-chairman of Ivanhoe Mines sees a more sustainable future for the sector – and one in which the environmental impact of mining will be baked into commodity prices.
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“There will be no more one price for copper. There will be no more one price for gold,” Friedland told delegates from Singapore. “Everything will be priced in relation to its ESG components and be priced in relation to how much global warming gas is created in making that commodity, because we’re going to head to a price on carbon,” Friedland said. “The minute you p ....

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Blockchain Can Trace Carbon Emissions for Mining, Metals Companies, Proof of Concept Released


Blockchain Can Trace Carbon Emissions for Mining, Metals Companies, Proof of Concept Released
The World Economic Forum’s Mining and Metals Blockchain Initiative (“MMBI”), released a proof of concept that uses distributed ledger technology to track embedded greenhouse gas emissions.
A collaboration between seven leading industry players and the World Economic Forum, the initiative has hit an important stage of development following its launch in October 2019.
The successful completion of the proof of concept, named the COT, a Carbon Tracing Platform will be critical in helping to ensure traceability of emissions from mine to the final product. With a focus on end-to-end traceability, the COT platform uses distributed ledger technology to track CO2 emissions. ....

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Tata Steel teams up for tracking emissions from mine to final product


Tata Steel teams up for tracking emissions from mine to final product
December 16, 2020
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Releases proof of concept Carbon Tracing Platform that uses distributed ledger technology to track CO2 emissions
The World Economic Forum’s Mining and Metals Blockchain Initiative has released a proof of concept that uses distributed ledger technology to track embedded greenhouse gas emissions.
The initiative in collaboration between seven leading industry players and the World Economic Forum has hit an important stage of development since its launch in October 2019.
The successful completion of the proof of concept Carbon Tracing Platform (COT) will be critical for traceability of emissions from mine to the final product. ....

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World Economic Forum tests blockchain technology for tracking carbon emissions


World Economic Forum tests blockchain technology for tracking carbon emissions
Shipping coal by train at Glencore s Prodeco coal project in Colombia. Credit: Glencore.
The World Economic Forum (WEF) has completed the initial stage of a blockchain platform for tracking embedded greenhouse gas (GHG) emissions across the mining industry’s value chain.
The WEF’s Mining and Metals Blockchain Initiative (MMBI) released a proof of concept called the Carbon Tracing Platform (COT) to help mining companies trace emissions from mine to final product, the WEF announced in a Dec. 15 press release.
Most estimates of the carbon footprint of the mining industry’s value chain are currently based on industry benchmarks or non-standard unverifiable sensors, says Jorgen Sandstrom, WEF’s head of mining and metals. ....

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