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...

Xanadu Noble alliance moves ahead on Nuurstei coking coal in Mongolia

Xanadu Mines has finalised a farm-in agreement with the Noble Group for the Nuurstei coking coal project in Mongolia.

Through Ekhgoviin Chuluu LLC, a company set up as the vehicle for Xanadu Noble alliance projects, Xanadu can earn up to 80% of the Nuurstei coking coal licenses over four years by spending up to $1.5 million on drilling to earn the first 60% followed by a commitment to complete a JORC resource to earn a further 20%.

“Nuurstei demonstrates the determination by the alliance to become the principal mid-tier coking coal group operating in Mongolia, now commonly referred to as an emerging energy and metals powerhouse,” Brian Thornton, Xanadu's Chairman said.