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...

$600 million credit approved to fund expansion of Indonesia's Batu Hijau mine

PT Newmont Nusa Tenggara has secured a six-year credit of $600 million to fund expansion at the Batu Hijau gold and copper mine in Indonesia's Nusa Tenggara barat province. NNT president director Martiono Hadianto said the loan came from a syndicate of 16 banks led by Bank Mandiri, BNP Paribas and Sumitomo Mitsui Banking Corporation.

Martiono said the credit would ensure that his company would have the financial resources required to complete the sixth phase of development of the Batu Hijau mine and start operating the Elang mine, 60 km from Batu Hijau.