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...

Philex Mining looking for gold and copper

Philippines-based Philex Mining Corp is exploring international mining acquisitions while bidding for a mine at the Mt. Diwalwal gold-rush area in Mindanao, Philippines. “We are taking a look at Mt. Diwalwal [but] that is not the only mining tenement [that we are interested in.] We are looking at other mining opportunities here and abroad,” Philex Mining Chairman Manuel V. Pangilinan told BusinessWorld Online,

He said the group was particularly interested in metal-rich Indonesia, the world’s second-largest producer of tin and the third-largest copper producer. “[But we are just interested] in purely gold and copper because these are precious metals that we are focusing on. Even in other countries, [we are looking] more on gold and copper,” he said.

Philex Mining plans to conduct due diligence on the 8,100 ha Diwalwal mining area, notifying the bourse last week that it might submit a proposal to state-owned Philippine Mining Development Corp should the result of the study turn out to be favourable.

Philex Mining is the Philippines'largest mining company whose mining tenements include the gold-copper Padcal mine in Benguet province and the 5,184 ha Silangan gold and copper project in Surigao del Norte.