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...

Lotus acquires new Mongolian mining licence

Lotus Resources has announced its acquisition of a further fluorspar mining licence for $70,000. The licence has been transferred to Lotus Minerals Mongolia LLC, its wholly owned subsidiary company in Mongolia.

The Tsagaan Chuluut mining licence is located in Dornogobi Province, Mongolia and is approximately 400 km south-east of Ulaanbaatar, Mongolia's capital and largest city. The Tsagaan Chuuluut project area is located in a geological province that is known for its fluorspar mineralisation endowment.

The company has also increased its shareholding in its Lotus Bayalag Fluorite LLC,  a joint venture with Mr Onon, a local Mongolian businessman, from 65% to 80%. Lotus has agreed to acquire the 15% stake for a total consideration of $15,000. An exploration plan has been prepared for this project which will commence later this year.