1. Succesful raw material governance
Raw Material Conference 2017 ; The Hague, June 23, 2017
Chief Energy Analyst; Petter Nore
Norwegian Ministry of Foreign Affairs

2. Starting points Mining resources are challenging to manage
Huge amounts of raw materials neccesary for the transition
Expect large price fluctuations in prices and limited access to some minerals
Private/Public/civil society cooperation key

3. Governance ; key for sustainable mining in individual countries
Governance related to the mining supply chain
A legal and regulatory framework
Institutional capacity
Transparency and accountability
Due diligence
No «silver bullets»
Balance of interests ; Mobilization of commercial capital vs. «national/local interests»
Many initiatives and institutions aim to strengthen governance in mining; but the demand is almost limitless
Experience from another raw material: «Oil for development»
Economically, environmentally and socially responsible management of petroleum resources
Institutions central/ long lead times/revenue management/transparency

4. «Global governance» in mining
We need more information and analysis
Set international standards to ensure rare earth minerals are produced in the most ecological and economically efficient way
Avoid future «cartellization»
Avoid using control of minerals for geopolitical purposes
We need to strengthen international dialogue between different stakeholders

5. How do we do «global governance» in the mining ?
Global governance institutions must :
Have clear objectives
Reflect industrial and geographic power relations
Work with and strengthen existing institutions
Do we need an arena for exchange of information and strategic thinking?
A global forum for exchange of views about the role of minerals in the low energy transition
Can we learn more from other sectors; especially the oil and gas sector?

6. One last questions for discussion
Are we underestimating the amount of rare earth minerals in the ground? (Cfr. The Club of Rome and «Peak Oil» discussions)

7. Norway is in a special position
Import  dependency  in Europe
Share of renewable electricity production
Share of renewable energy use
Norway is in a special position.
Import  dependency  in Europe, by percentage.
Share of renewable electricity production, by percentage. Share of renewable energy use, by percentage.
Percentage
Percentage
Percentage