CEMAC ANNUAL MEETING Ian Lange, Director, Mineral and Energy - - PowerPoint PPT Presentation

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CEMAC ANNUAL MEETING Ian Lange, Director, Mineral and Energy - - PowerPoint PPT Presentation

CEMAC ANNUAL MEETING Ian Lange, Director, Mineral and Energy Economics Resources and Reserves Not the Same Thing Lots of excitement about finding more minerals Breakthrough Energy Ventures supports KoBold Big Difference between


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SLIDE 1

CEMAC ANNUAL MEETING

Ian Lange, Director, Mineral and Energy Economics

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SLIDE 2

Resources and Reserves Not the Same Thing

  • Lots of excitement about finding more minerals

–Breakthrough Energy Ventures supports KoBold

  • Big Difference between Resources and Reserves

–The problem isn’t finding cobalt; its finding it in places

where one wants to invest

  • Belts and Roads Initiative
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SLIDE 3

Investment throughout Supply Chain

  • Similar to last slide, having ore/concentrate is not

the same as having useful product

–Most rare earth refining in China

  • Rare Element Resources struggling to raise relatively

small amounts of capital for refining their rare earth reserves

  • Rare Earths in coal ash-where is the value?
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SLIDE 4

Thank you

Questions, Comments… ilange@mines.edu