Download - Minerals4EU - Stakeholder Benefits
Minerals Intelligence Network for Europe
Minerals4EU
Stakeholder benefits
James Baker
Grant Thornton, London, 11 November2014
Minerals4EU Network Structure
WP2 workshop, Copenhagen 3 June 2014
Division into the
administration and
daily running of the
network……
…..and the 4 divisions
controlling the output
of data to the clients
Grant Thornton, London, 11 November2014
Develop
sustainability
during the
project
the Minerals Intelligence Network concept
one-stop shop access
to all European data
Three products
during projectProducts beyond Minerals4EU
Grant Thornton, London, 11 November2014
Webportal/data
platform/EU MKDP
European Minerals
Yearbook
Foresight study
Minerals Intelligence Network:
some examples of benfits
Grant Thornton, London, 11 November2014
one-stop shop
access to all
European data
Better data
Support for
decision making
helps raising
investment
Eliminates
asymmetrical
advantages
Voice in the EU
process
Enables data
trading/sharing
Grant Thornton, London, 11 November2014
Better data
• The combined European Geological Surveys
have access to data which is not publically
available – and through Minerals4EU the
data has been harmonized, and a quality
control has been performed.
• The data can be relied on – something
essential for the mineral exploration industry
• It can be tailored (sorted, selected) to the
individual needs of a client
Grant Thornton, London, 11 November2014
Support for decision making
Investment costs in mineral exploration and
exploitation are high; Decisions involve
calculated risks and need to be based on
sound data, and there is little room for errors.
Data relevant for a project can be obtained
through the Minerals4EU Network on which
decision making can be based – to proceed
or even to kill a project.
Grant Thornton, London, 11 November2014
Supports raising investment
Following on from the previous point, when a
client is looking to raise investment for a
project, they need to convince outside
financiers. This can be done only on the basis
of sound and relevant data – and interpreted
data from the Minerals4EU data platform can
be used to develop a sound exploration
and/or exploitation model for a specific site
Grant Thornton, London, 11 November2014
Eliminates asymmetrical advantages
• To maintain a commercial advantage or at
least to be competitive, a client needs to be
able to access up to date and relevant
data
• The data available through the Minerals4EU
network is exactly that!
• Business cannot be conducted if you cannot
depend 100% on the mineral data, and
know that your competitor does not have
better data
Grant Thornton, London, 11 November2014
Enables data trading/sharing
Access to the data available through the
Minerals4EU project means that data trading,
data sharing and development of value
added products can be achieved: IP has to
be respected, but interpreted data and not
raw data can be utilised
Grant Thornton, London, 11 November2014
Voice in the EU process
• Being part of the Minerals4EU network will
ensure that a client will have a voice, and
will have a route into the EC decision making
process.
• There are a number of lobby organisations,
groups and platforms based mostly in
Brussels and they definitely influence the
way of thinking in the different DGs – and
Minerals4EU, through EGS, is part of all of
these groups – strategically important!
WP2: Sustainable Minerals Intelligence
Network
Network membership
Grant Thornton, London, 11 November2014
Aim is to grow the Network
Management Board
Exploration & Mining
Companies
Stakeholder Agreement
Min4EUnetwork
Database Service Provider
Secretariat
Participation Agreement
Service Agreement
Commission(Enterprise)
Stakeholder Agreement
OtherCustomers
Other data suppliers
contractual Agreement
Cooperating systems
Subscription Agreement
Service Agreement
Licence Agreements
Specific Surveys
Geol Surveys
Technical Agreement
Subscription Agreement
Concept Operational Structuremodified from World Bank’s African Mining Geoscience Initiative
(AMGI) by David Ovadia
Grant Thornton, London, 11 November2014
The funding model for clients is still being
worked on by the Minerals4EU team:
The benefits for stakeholders is clear!
As potential clients you need to:
Assess the quality of the data
Agree the pricing structure
Influence the products on offer!
Grant Thornton, London, 11 November2014