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...

Prophecy's Mongolian coal projects progressing

Prophecy Coal Corporation's Ulaan Ovoo coal mine in Mongolia, near the Russian border, has produced nearly 230,000 t of thermal coal, removing over 1.5 million bank-cubic-metres of waste in the process. The Canadian-based company has also added 20,000 tonnes of coal, ready for export, to its stock yard.

Similarly, the Chandgana Power Plant, Prophecy’s flagship operation, which is located on the company's Chandgana coal project in southeast central Mongolia, is progressing.

Prophecy received a mining license for 141 Mt of coal, and submitted a feasibility study to the Mongolian Ministry of Natural Resources and Energy for approval, which it hopes to receive in the third quarter. John Lee, Prophecy`s chairman, said the company is pleased with both the Ulaan Ovoo and Chandgana mines' progress.