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...

South Korean mining JV with SE Sulawasi province

South Korea’s Future Green Human Group (FGH) and the government of Indonesia's Southeast Sulawesi province have agreed to form a gold mining joint venture. The note of agreement was signed by Southeast Sulawesi Governor, Nur Alam, the President Director of FGH Group Indonesia, Park Soon Up and Chairman of FGH Group, Oh Myung Suk.

Governor Alam told media he welcomed the Korean investors in natural resources management, "especially in the gold mine in Bombana regency". The Koreans will operate the mine and also develop a 50-100 MW power plant for its project use and to supply to power consumers in the province.

FGH’s current mining assets in Indonesia are held by its subsidiaries, PT Samantaka Mineral Prima in Sumatra, PT Ridlatama Mining Utama in Kalimantan and PT Sarmi Papua Asia Oil in Papua.