Dubai Telegraph - Huge US lithium mine gets govt approval: company

EUR -
AED 4.21834
AFN 74.661225
ALL 91.432306
AMD 416.419413
ANG 2.056463
AOA 1054.440663
ARS 1739.601242
AUD 1.608272
AWG 2.06753
AZN 1.957227
BAM 1.955422
BBD 2.310453
BDT 140.872738
BGN 1.933647
BHD 0.432416
BIF 3448.932551
BMD 1.148628
BND 1.465916
BOB 11.270819
BRL 5.906291
BSD 1.147178
BTN 109.921728
BWP 15.556989
BYN 3.470128
BYR 22513.103189
BZD 2.307154
CAD 1.607907
CDF 2654.479062
CHF 0.944743
CLF 0.027911
CLP 1102.062801
CNY 7.693107
CNH 7.700293
COP 3628.597782
CRC 513.200684
CUC 1.148628
CUP 30.438634
CVE 110.243665
CZK 24.347696
DJF 204.280467
DKK 7.475389
DOP 67.706897
DZD 153.990199
EGP 60.011386
ERN 17.229416
ETB 187.378938
FJD 2.545249
FKP 0.85749
GBP 0.857921
GEL 2.990867
GGP 0.85749
GHS 13.215443
GIP 0.85749
GMD 84.42856
GNF 10085.048308
GTQ 8.754306
GYD 240.003554
HKD 9.011042
HNL 30.79504
HRK 7.534658
HTG 149.930985
HUF 364.287725
IDR 20459.4717
ILS 3.487958
IMP 0.85749
INR 110.194179
IQD 1502.809171
IRR 1578903.655694
ISK 139.202636
JEP 0.85749
JMD 181.144944
JOD 0.814422
JPY 180.197158
KES 148.551252
KGS 100.447935
KHR 4649.100291
KMF 491.613064
KPW 1033.765308
KRW 1592.044397
KWD 0.353962
KYD 0.956015
KZT 512.880746
LAK 25706.025284
LBP 102727.519827
LKR 379.706518
LRD 198.461593
LSL 18.650291
LTL 3.391599
LVL 0.694794
LYD 7.28659
MAD 10.868997
MDL 20.161098
MGA 4973.037601
MKD 61.513096
MMK 2411.927194
MNT 4131.777436
MOP 9.269406
MRU 46.150069
MUR 54.640655
MVR 17.746733
MWK 1989.21504
MXN 19.789482
MYR 4.690656
MZN 73.40923
NAD 18.650291
NGN 1529.662418
NIO 42.211831
NOK 10.809019
NPR 175.874964
NZD 1.993627
OMR 0.442634
PAB 1.147178
PEN 3.871151
PGK 5.106012
PHP 72.2606
PKR 317.962167
PLN 4.363465
PYG 6800.683909
QAR 4.193089
RON 5.263476
RSD 117.367287
RUB 96.581309
RWF 1685.17388
SAR 4.316112
SBD 9.18961
SCR 16.119885
SDG 690.903792
SEK 11.290555
SGD 1.465883
SHP 0.858627
SLE 28.314099
SLL 24086.139517
SOS 655.573131
SRD 43.585257
STD 23774.274604
STN 24.49526
SVC 10.038057
SYP 14934.457826
SZL 18.644392
THB 38.275765
TJS 10.582452
TMT 4.031683
TND 3.374547
TOP 2.76562
TRY 56.015171
TTD 7.787493
TWD 36.503811
TZS 3039.911706
UAH 51.253181
UGX 4525.124283
USD 1.148628
UYU 46.131073
UZS 13582.371494
VES 973.444877
VND 29889.590367
VUV 135.48724
WST 3.159056
XAF 655.957
XAG 0.01734
XAU 0.000262
XCD 3.104224
XCG 2.0675
XDR 0.812139
XOF 655.957
XPF 119.331742
YER 271.708303
ZAR 18.688024
ZMK 10339.031894
ZMW 22.547637
ZWL 369.857655
SSP 6560.977546
MXV 2.243573
  • RBGPF

    -1.6900

    68.3

    -2.47%

  • RYCEF

    0.7100

    20

    +3.55%

  • CMSC

    0.0400

    20.71

    +0.19%

  • CMSD

    0.0000

    20.45

    0%

  • NGG

    -0.8000

    76.8

    -1.04%

  • RELX

    -0.9700

    33.41

    -2.9%

  • RIO

    -0.6700

    97.37

    -0.69%

  • GSK

    -0.8400

    50.22

    -1.67%

  • BCC

    0.1600

    75.69

    +0.21%

  • VOD

    -0.5700

    16.95

    -3.36%

  • BCE

    -0.2200

    22.06

    -1%

  • BTI

    -0.1900

    55.83

    -0.34%

  • BP

    -0.8400

    44.58

    -1.88%

  • AZN

    -0.0600

    166.08

    -0.04%

  • JRI

    -0.0600

    11.55

    -0.52%

Huge US lithium mine gets govt approval: company
Huge US lithium mine gets govt approval: company / Photo: Robyn Beck - AFP

Huge US lithium mine gets govt approval: company

An enormous lithium mine in the Nevada desert has been granted final government approval, the company that has the concession said Thursday, in a project it predicts will quadruple US production of a mineral critical to the renewable energy revolution.

Text size:

Operations at Rhyolite Ridge will produce enough lithium to supply the batteries for more than 370,000 electric vehicles every year, Australian operator Ioneer said.

The plant will create 500 construction jobs over the next few years and 350 jobs during its decades of extraction, the company said.

"There are few deposits in the world as impactful as Rhyolite Ridge," said Ioneer Executive Chairman James Calaway, heralding the permit issued Thursday by the Bureau of Land Management.

The company's managing director, Bernard Rowe said construction would begin next year.

"This permit gives us a license to commence construction in 2025 and begin our work in creating hundreds of good-paying rural jobs, generating millions in tax revenue for Esmeralda County, and bolstering the domestic production of critical minerals," he said.

The news comes just weeks before Americans go to the polls to elect a new president, and will be welcomed in Nevada, where unemployment is well above the national average.

The administration of President Joe Biden has made the green transition a key plank of its economic policy, investing heavily in technologies aimed at slashing the pollution that is causing the climate to change.

Scientists say electric vehicles are a vital link in that chain, and their widespread adoption in the car-dependent US will be vital if the country is to meet its carbon reduction targets.

Biden has tried to nudge the US auto industry to re-tool and shift production away from gas-guzzlers and into electric cars, in a move he says will help create jobs at home.

Subsidies for consumers have rewarded automakers who produce EVs in the US, even while they struggle to source lithium batteries -- a sector dominated by strategic rival China.

The site at Rhyolite Ridge is not without controversy; it is the unique home to a rare flower called Thiem's Buckwheat.

Campaigners say a large lithium mine here will destroy the plant's habitat and could lead to its extinction.

Ioneer's plans show that over the years the mine is in operation around a fifth of the flower's habitat will be directly affected.

But the company, which has spent $2.5 million researching the plant, says mining will not affect its survival; they say their research shows it is already growing well in greenhouses.

S.Mohideen--DT