Archive

Archive for the ‘minerals and mining’ Category

CRS — Conflict Minerals and Resource Extraction: Dodd-Frank, SEC Regulations, and Legal Challenges (October 15, 2014)

October 20, 2014 Comments off

Conflict Minerals and Resource Extraction: Dodd-Frank, SEC Regulations, and Legal Challenges (PDF)
Source: Congressional Research Service (via Federation of American Scientists)

Two sections of the Dodd-Frank Wall Street Reform and Protection Act (Dodd-Frank) require that the Securities and Exchange Commission (SEC or Commission) issue regulations to make public the involvement of U.S. companies in conflict minerals and in resource extraction payments. Supporters of the Dodd-Frank conflict minerals statute and the SEC implementing rule believe that such disclosures could have an impact on the amount of violence involved with the mining of conflict minerals. Opponents of the statute and rule argue that they require disclosures that are arbitrary and capricious and that some of the required disclosures violate the First Amendment guarantee of freedom of speech. Supporters of the resource extraction statute and the SEC implementing rule believe that they are needed to achieve the goal of the transparency of payments made by resource extraction issuers to governments in order to foster reform and anticorruption and to improve the tax collection process. Opponents believe that they are arbitrary and capricious and violate the First Amendment. Legal challenges to the statutes and regulations have occurred, based primarily on administrative law and First Amendment grounds.

About these ads

New From the GAO

October 16, 2014 Comments off

New GAO Reports
Source: Government Accountability Office

1. Climate Change: USDA’s Ongoing Efforts Can Be Enhanced with Better Metrics and More Relevant Information for Farmers. GAO-14-755, September 16.
http://www.gao.gov/products/GAO-14-755
Highlights – http://www.gao.gov/assets/670/665809.pdf

2. Specialty Metals: DOD Dissemination of National Security Waiver Information Could Enhance Awareness and Compliance with Restrictions. GAO-15-133, October 16.
http://www.gao.gov/products/GAO-15-133
Highlights – http://www.gao.gov/assets/670/666533.pdf

McKinsey on Sustainability & Resource Productivity — Issue 2, Summer 2014

August 14, 2014 Comments off

McKinsey on Sustainability & Resource Productivity — Issue 2, Summer 2014
Source: McKinsey & Company

Articles in this issue

McKinsey on Sustainability & Resource Productivity—Introduction
In this second issue of McKinsey on Sustainability & Resource Productivity, we seek to establish the value of sustainability and to demonstrate how these opportunities can (and are) being captured in a range of industries.

Profits with purpose: How organizing for sustainability can benefit the bottom line
Becoming a sustainability leader requires big changes, but the effort is worth it—in both environmental and economic terms.

The human factor: Amassing troops for the ’resource revolution‘
Companies on the front lines of the resource revolution need to implement creative talent-management strategies.

Riding the resource wave: How extractive companies can succeed in the new resource era
With economic and social expectations rising in resource-rich countries, extractive companies must rethink how they do business.

Brave new world: Myths and realities of clean technologies
Don’t be fooled by high-profile setbacks. The cleantech sector is gaining steam—with less and less regulatory assistance.

Unconventional wisdom: Fracturing enters a new era
Faced with change on a scale not seen in decades, companies must alter their business plans to accommodate unconventionals or else risk irrelevance.

The disruptive potential of solar power
As costs fall, the importance of solar power to senior executives is rising.

Bioenergy in Europe: A new beginning—or the end of the road?
Bioenergy faces challenges in Europe, but there is reason to believe it can make a comeback.

DOD OIG — Procedures to Ensure Sufficient Rare Earth Elements for the Defense Industrial Base Need Improvement

July 10, 2014 Comments off

Procedures to Ensure Sufficient Rare Earth Elements for the Defense Industrial Base Need Improvement
Source: U.S. Department of Defense, Office of Inspector General

Objective
We determined whether DoD effectively planned for life-cycle sustainment of rare earth elements (REE) for the defense industrial base (DIB). Specifically, we determined whether DoD effectively implemented procedures to maintain a sufficient and available supply of REEs for the DIB.

Finding
DoD lacked a comprehensive and reliable process to assess REE supply and demand. Specifically, Defense Logistics Agency, Strategic Materials Division officials did not ensure that its modeling and simulation contractor used: REE supply forecasts that considered market and environmental risks; complete REE demand survey results; and verified economic consumption data to forecast REE demand.

This occurred because the Defense Logistics Agency, Strategic Materials Division did not have adequate verification and validation procedures in place to ensure realistic supply and demand inputs and did not require that the contractor use an accredited model to forecast REE supply and demand.

As a result, DoD may not have identified all REEs with expected shortfalls, increasing the risk that those shortfalls will adversely affect critical weapons systems production in the DIB, and overall DoD readiness.

Recommendations
We recommend that the Director, Defense Logistics Agency–Strategic Materials Division:

  • develop and implement a verification and validation plan for REE supply and demand forecasting model inputs;
  • develop and implement procedures to ensure that future shortfall analyses compare DoD demand and supply for REEs under the same scenarios;
  • develop and implement procedures for obtaining DoD REE consumption data by leveraging Service acquisition executive participation and other techniques as appropriate;
  • develop and implement an accreditation plan for theforecasting model’s intended use; and
  • ensure that current and future contracts for models, simulations and associated data include verification, validation and accreditation procedures in the contract requirements.

Management Comments and Our Response

The Director, Defense Logistics Agency, Acquisition Directorate generally addressed the recommendations; however, comments on Recommendation 2 partially addressed the recommendation. Therefore, we are requesting additional comments on Recommendation 2 by August 4, 2014.

USGS — Global Platinum-Group Resources Estimated at More than 150K Metric Tons

May 19, 2014 Comments off

Global Platinum-Group Resources Estimated at More than 150K Metric Tons
Source: U.S. Geological Survey

The first-ever inventory and geological assessment of known and undiscovered platinum-group element (PGE) resources estimates that more than 150,000 metric tons of PGEs may exist in the two southern African countries that produce most of the global supply of these critical elements.

The USGS study identifies 78K metric tons of known PGE resources in South Africa and Zimbabwe and estimates 75K metric tons in PGE resources that may be present, but are undiscovered. This is more than 20 times the total tonnage produced since the 1920s when PGE mining began in these countries.

The U.S. is 90 percent reliant on imports of PGEs which are essential for cleaning automobile exhaust, for manufacturing glass, fertilizer, high-octane fuel, and a variety of chemicals, including cancer fighting drugs. They are widely used in jewelry and electronics such as hard drives, circuitry, and cell phones. PGEs could play a crucial role in fuel cell technology to produce clean energy for cars, homes, and businesses.

CRS — Changes in the Arctic: Background and Issues for Congress (updated)

May 8, 2014 Comments off

Changes in the Arctic: Background and Issues for Congress (PDF)
Source: Congressional Research Service (via Federation of American Scientists)

The diminishment of Arctic sea ice has led to increased human activities in the Arctic, and has heightened interest in, and concerns about, the region’s future. The United States, by virtue of Alaska, is an Arctic country and has substantial interests in the region. On May 10, 2013, the Obama Administration released a national strategy document for the Arctic region. On January 30, 2014, the Obama Administration released an implementation plan for this strategy.

Record low extents of Arctic sea ice over the past decade have focused scientific and policy attention on links to global climate change and projected ice-free seasons in the Arctic within decades. These changes have potential consequences for weather in the United States, access to mineral and biological resources in the Arctic, the economies and cultures of peoples in the region, and national security.

New From the GAO

April 9, 2014 Comments off

New GAO Reports and Testimonies
Source: Government Accountability Office

Reports

1. Defense Infrastructure: In-Kind Projects Initiated during Fiscal Years 2011 and 2012. GAO-14-280R, April 9.
http://www.gao.gov/products/GAO-14-280R

2. Mine Safety: Basis for Proposed Exposure Limit on Respirable Coal Mine Dust and Possible Approaches for Lowering Dust Levels. GAO-14-345, April 9.
http://www.gao.gov/products/GAO-14-345
Highlights – http://www.gao.gov/assets/670/662411.pdf

Testimonies

1. Health Care Workforce: Federal Investments in Training and the Availability of Data for Workforce Projections, by Linda T. Kohn, director, health care, before the Subcommittee on Primary Health and Aging, Senate Committee on Health, Education, Labor, and Pensions. GAO-14-510T, April 9.
http://www.gao.gov/products/GAO-14-510T
Highlights – http://www.gao.gov/assets/670/662392.pdf

2. VA Health Care: Ongoing and Past Work Identified Access Problems That May Delay Needed Medical Care for Veterans, by Debra A. Draper, director, health care, before the House Committee on Veterans’ Affairs. GAO-14-509T, April 9.
http://www.gao.gov/products/GAO-14-509T
Highlights – http://www.gao.gov/assets/670/662396.pdf

3. Social Security Disability Programs: SSA Could Take Steps to Improve Its Assessment of Continued Eligibility, by Daniel Bertoni, director, education, workforce, and income security, before the Subcommittee on Energy Policy, Health Care, and Entitlements, House Committee on Oversight and Government Reform. GAO-14-492T, April 9.
http://www.gao.gov/products/GAO-14-492T
Highlights – http://www.gao.gov/assets/670/662399.pdf

Follow

Get every new post delivered to your Inbox.

Join 946 other followers