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...

SouthGobi attracts Chinese and Singapore funds for its Mongolian coal fields development

Canada-listed coal miner SouthGobi Energy Resources has secured Asia's top sovereign wealth funds, China's China Investment Corp and Singapore's Temasek, as cornerstone investors in its planned $400-million Hong Kong IPO this month, a source told Reuters. Each will buy $50-million worth of shares, said the source, who has direct knowledge of the deal but declined to be named due to the sensitive nature of the matter.

SouthGobi will kick off a marketing road show on Jan. 11, aiming to list on 29 January under the symbol "1878". The expected cash infusion follows a $500-million investment from CIC announced in October.

SouthGobi is expected to boost its coal production by more than sixfold to 8 million metric tons by 2012 at the Ovoot Tolgoi mine, about 950 km south of the capital Ulan Bator.  SouthGobi is 79% owned by Ivanhoe Mines Ltd.