Mineral Radar
An evidence system. It records what has been claimed, what has been substantiated, and what remains open.
Operating principle
Evidence before assertion.
Verification before transaction.
Disclosure before money.
Documentation before decision.
Each line is a sequencing rule rather than a slogan. A proposition does not become supply because it was asserted confidently. A transaction is not prepared because both sides are willing. Money does not move before the parties know who they are dealing with and on what terms.
Four components
Mineral Radar is organised into four parts. Two describe what the system observes. Two describe what it prepares.
- Map
- What exists. Relevant market participants, assets, requirements and the evidence attached to them.
- Radar
- What changed. Movement in supply, requirements, documentation and verification status over time.
- Room
- Where a qualified transaction can be prepared, once the evidence supports preparing one. In development. Not currently operational.
- Rail
- How transaction evidence, gates and reconciliation would ultimately be controlled. Design stage. Not currently operational.
Room and Rail are marked as future capability deliberately. This site does not present unfinished internal functionality as though it were live.
What a claim is
A statement such as "I have 25 tonnes of 60% tin concentrate" is a claim. It may be entirely true. It enters Mineral Radar as a claim regardless, because the difference between a true claim and a substantiated one is the work.
From that single sentence, Mineral Radar will separately ask who is speaking, what role they perform, who owns or controls the material, where it physically is, how much exists now, which lot the assay relates to, who sampled it, when, and whether any of it can be independently inspected.
Those questions are not suspicion. They are the questions a smelter's procurement team will ask eventually, and it is cheaper to answer them at the start.
Both sides are examined
Mineral Radar does not assume that only sellers require verification. Where appropriate, evidence is sought from the supplier, from the buyer, and from sources independent of both.
- Transaction and shipping documentation
- Assays, and receiving assays where they exist
- Regulatory evidence
- Inspection evidence
- Payment evidence, where appropriate and with authority
A buyer submitting a requirement is not thereby endorsed by TGRALIN, and enters verification in the same way.