Rare Earth Elements - Uses, Demand and Supply
Tuesday, November 24th, 2015 @7:30pm
Location: Yummy Grill
Rare Earth Elements (RRE’s) are fifteen lanthanides, periodic table elements 57 to 71, plus Scandium and Yttrium for a total of seventeen. They are split into light and heavy categories with the latter less common and more expensive.
REE’s are non-toxic and are becoming ever more important in green technology applications. Various elements are used in electric cars, ultra-strong magnets especially in electric generating wind farms, LED lights, medicine and cellphones to name but a few applications.
Production of REE’s pre-1980 was from the USA, India, Brazil and/or South Africa. Today China supplies 90% of the REE’s and consumes approximately 70% of the world’s output of about 130,000 tons. Accordingly China has a strangle hold on the market and attempting to control with production licenses.
The production and separation of the individual REE’s is complex owing to the elements having similar properties. This requires relatively high capital investment coupled with technology know how. The Western World know-how for separation technology is limited and causes concern for consumers and investors.
Dr. Ken Thomas is President, Project Development & Metallurgy, Ken Thomas & Associates Inc. consulting to the mining industry. Until July 2012, he was Senior Vice President, Projects, Kinross Gold Corporation. Previously for 6 years, he was Global Managing Director and Board Director at Hatch, a leading international engineering and construction firm headquartered in Mississauga, Ontario. From 1987 to 2001 he progressively served in senior roles at Barrick Gold Corporation ("Barrick"), from Vice President, Metallurgy to Senior Vice President, Technical Services.
Ken's international knowledge is extensive, especially in the Americas, both through mine building for Barrick and Hatch and in addition he served as the Executive Vice President and Chief Operating Officer forCrystallex International Corporation from 2003 to 2005 with operations and projects in Venezuela and Uruguay. He also worked for 10 years, 1970 to 1980, in Zambia and South Africa, with Anglo American Corporation, gaining experience in copper, cobalt, gold and uranium.
Ken has a doctorate in Technical Sciences (project implementation) from Delft University of Technology, The Netherlands and an M.Sc. Management from Imperial College, U.K. In addition he has several industry awards including the Selwyn G. Blaylock Medal in 2001, awarded by the Canadian Institute of Mining, Metallurgy and Petroleumand for 2014/15 the Distinguished Lecturer Award.
Ken is presently Company Board Director with Continental Gold, Candente Gold and Avalon.
The price of the event is $15 per person and refreshments will be provided. Friends are welcome and networking encouraged!
Please sign up at the Eventbrite website at http://peoyork2015rareearthelements.eventbrite.com. For other Chapter events, please review the calendar at www.peoyork.com
Rick Vender, P.Eng.
Program Director – PEO York Chapter