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...

Oxus Gold raises $185 million from Chinese consortium for Uzbekistan's Amantaytau Goldfields

Central Asia-focused gold miner Oxus Gold Plchas reported it has signed a $185 million financing deal with a group of Chinese investors, which includes the sale of a majority stake in the company, to fund develop at its Amantaytau Goldfields joint venture in Uzbekistan.

The company said it expected the proceeds to enable its 50% owned Amantaytau Goldfields to target first production at the underground sulphide project for the middle of 2011 and thereafter expand annual production to about 300,000 ounces.

Oxus Gold will raise $85 million through issue of shares and convertible loan notes to the Chinese investors, including China's third-largest zinc producer Baiyin Nonferrous Group Co Ltd and state-owned CITIC.

The company said it will additionally grant warrants for about $20 million in return for an undertaking to arrange a further minimum of $80 million in project finance. It may also raise an additional $6.37 million)through a sale of shares to institutional investors.