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...

Intrepid uncovers new shareholders in Indonesian 'partner' - Adaro link possible

Intrepid Mines has disclosed the probable identities of the new Indonesian shareholders of its wayward JV ‘partner’, PT Indo Multi Niaga.

According to the company’s statement, “enquiries made at the Indonesian Ministry of Law and Human Rights revealed that the following additional individuals and entities were listed as shareholders of IMN” as at 12 June 2012:

  • PT Cinta Kasih Abadi 
  • PT Selaras Karya Indonesia 
  • Andreas Tjahjadi 
  • Rahmad Deswandy. 

Intrepid warns that is not able to give any assurance as to the accuracy of this information, as “the publicly available information is sourced from filings which are the legal responsibility of the Directors of IMN, and there is no assurance that these filings are correct or current.”

Only one is recognisable to AJM: Andreas Tjahjadi, who is President Commissioner of PT Mitra Investindo Tbk, an IDX-listed granite miner. He is also a director of the SDX-listed Seroja Investments Limited which controls the shipping of PT Adaro Indonesia’s coal and which is chaired by Edwin Soeryadjaya (also chairman of Adaro and Saratoga Capital Investment).

We find it interesting that PT Mitra Investindo Tbk’s CEO has been stated as Kumari, who is also Finance Director of Seroja and an advisor to Saratoga.

Intrepid’s statement acknowledges that it is yet to “establish discussions with both the new and original IMN shareholders.”