A fundamental choice for Critical Minerals development: "Fascism or radical democracy?"

The global demand for critical minerals like lithium and copper is surging, but how we attempt to quickly extract them, argues Katherine Teh , Executive Chairman of Spektrum Development , presents a fundamental choice: embrace authoritarian tactics that disregard communities or pursue transparent, consent-based development. In this pivotal moment, the stakes are high-ranging, from environmental destruction to lost economic potential. Which path should be chosen? Katherine Teh of Spektrum Development addressing the 2024 ACFID Conference WE ARE AT a crossroads in the energy transition. The gap between what the mining industry promises and what it delivers has been widening, creating not only delays but the potential for significant socio-economic and environmental risks. As the demand for critical minerals like copper, graphite, and lithium increases, we’re facing mounting challenges in securing these resources quickly enough to support the transition to renewable energy. The Problem...

India to sell up to 10% of Coal India Ltd

India's national government intends to divest a minority stake in state-owned Coal India Ltd for around $8-10 billion. "The divestment of government equity up to 10% will take place later this year -- that is during fiscal 2010-11 in the capital market through the book-building process," Coal India chairman Partha S. Bhattacharyya told The Economic Times.

"A Shanghai-based listed Chinese coal mining firm, with which we are on par, has a market capitalisation of $100 billion. With a cash-flow of $1.24 billion and a strong bottomline, we should also command a higher market cap," he said.

It will be the first time the government will offload stake in the Kolkata-based firm that accounts for 85% of the country's total coal production of 493 Mt/y.

The enterprise will also issue shares to its 425,000 employees on pro-rata basis. With one of the largest number of employees in India's organised sector, eligibility for share allotment will be worked out proportionately.