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...

Tin miner's 2009 net profit drops

Indonesia's majority state-owened tin miner PT Timah Tbk has announced its 2009 net profit fell 77% to a better-than-expected Rp 313.8 billion ($34.5 million), from Rp 1.342 trillion rupiah in 2008. Analysts had forecast 2009 net profit of Rp 206 million, according to Thomson Reuters, reflecting a sharp decline in tin sales.

The world's largest integrated tin miner also said revenue fell 15% to Rp 7.71 trillion, from Rp 9.05 trillion in 2008.