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The minerals commodities industry may be worth trillions, but it has lost billions in less than a decade to fraud perpetrated by industry insiders due to roughly half of the world's mining companies and their warehousing networks still relying on paper documents. This industrial blind spot has been made public by a series of news reports of fraud in metals trading, with the latest incidents having revealed devastating inadequacies in the records and storage systems of...
Lunar Outpost has agreed to fly up to the Moon, grab a sample and sell the lunar rocks to NASA for $1. The Golden, Colorado-based company receives 10 cents of its prize upon award of the contract, another 10 cents upon launch, and the remaining 80 cents when it delivers the sample collected from the lunar South Pole region to NASA in 2023. Despite the paltry monetary values printed on their face, these checks may prove to be some of the most important documents to...
Quebec has put in motion a plan to establish itself as a leader in the global transition to a green economy – by both lowering the eastern Canadian province's carbon footprint through the adoption of renewable energy and electric vehicles, and being a source of responsibly mined minerals and metals that make these technologies possible. Provincial officials recently unveiled the Quebec Plan for the Development of Critical and Strategic Minerals 2020-2025, which provides the f...
Whether it is a necklace from Tiffany & Co., an Apple iPhone or a pre-ordered Tesla Cybertruck, many buyers want to know that the metals going into the products they are purchasing are sourced ethically and sustainably. Metals pass through many hands on their way from mine to consumer, which can make it hard to ensure the source of the minerals. This adds time and cost and origins tend to become convoluted and even questionable. As we evolve into the digital age, recording...