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...

Indonesian copper and gold output expected to fall in 2011-2012

Indonesia’s 2011 and 2012 copper and gold production is expected to fall by an average of 30% because mine site expansion by PT Newmont Nusa Tenggara will temporarily reduce production capacity at the Batu Hijau mine in West Nusa Tenggara province.

Rubi W. Purnomo, Newmont’s spokesman for operations in Indonesia, told The Jakarta Post that PT NNT will actually mine more tons of material in 2011. "However, copper and gold production will decrease in 2011, because the ore material has different characteristics from that mined in 2010,” he said.

As of September 2009, gold sales from the Batu Hijau mine were 381,000 ounces, up from 185,000 ounces in the same period in 2008. Consolidated copper sales reached 342 million pounds, up from 201 million pounds in the comparable period in 2008.