The Fort Worth Press - Huge US lithium mine gets govt approval

USD -
AED 3.672985
AFN 65.497654
ALL 91.150236
AMD 387.140061
ANG 1.802463
AOA 911.999838
ARS 985.463926
AUD 1.505801
AWG 1.8
AZN 1.700214
BAM 1.811245
BBD 2.019253
BDT 119.512873
BGN 1.806097
BHD 0.376951
BIF 2895
BMD 1
BND 1.319689
BOB 6.910539
BRL 5.664199
BSD 1.000093
BTN 84.079367
BWP 13.406186
BYN 3.272365
BYR 19600
BZD 2.016022
CAD 1.385495
CDF 2850.00013
CHF 0.865895
CLF 0.034324
CLP 947.11012
CNY 7.119402
CNH 7.119295
COP 4295.75
CRC 515.280608
CUC 1
CUP 26.5
CVE 102.396918
CZK 23.279702
DJF 177.720518
DKK 6.890294
DOP 60.424975
DZD 133.412021
EGP 48.784115
ERN 15
ETB 119.999807
EUR 0.923498
FJD 2.24175
FKP 0.765169
GBP 0.77085
GEL 2.720058
GGP 0.765169
GHS 16.159954
GIP 0.765169
GMD 69.499001
GNF 8630.999704
GTQ 7.735692
GYD 209.233191
HKD 7.77165
HNL 25.049767
HRK 6.88903
HTG 131.802186
HUF 372.029852
IDR 15616
ILS 3.795245
IMP 0.765169
INR 84.18435
IQD 1310
IRR 42104.999873
ISK 137.339495
JEP 0.765169
JMD 158.426019
JOD 0.708902
JPY 151.81967
KES 129.495141
KGS 85.797116
KHR 4065.000247
KMF 454.950271
KPW 899.999774
KRW 1379.249856
KWD 0.30632
KYD 0.833395
KZT 484.747175
LAK 21919.999719
LBP 89558.251528
LKR 293.73032
LRD 192.200974
LSL 17.665029
LTL 2.95274
LVL 0.60489
LYD 4.815004
MAD 9.867998
MDL 18.001482
MGA 4615.000328
MKD 57.051454
MMK 3247.960992
MNT 3398.000028
MOP 8.004075
MRU 40.000305
MUR 46.189633
MVR 15.359853
MWK 1735.000211
MXN 19.806896
MYR 4.34802
MZN 63.909811
NAD 17.670288
NGN 1645.630278
NIO 36.799019
NOK 10.9385
NPR 134.526764
NZD 1.662205
OMR 0.384975
PAB 1.000093
PEN 3.754504
PGK 4.000058
PHP 57.9205
PKR 277.75024
PLN 4.01325
PYG 7959.733657
QAR 3.640498
RON 4.592805
RSD 108.092977
RUB 96.252095
RWF 1351.5
SAR 3.756118
SBD 8.351058
SCR 13.754983
SDG 601.505167
SEK 10.55801
SGD 1.318597
SHP 0.765169
SLE 22.749971
SLL 20969.496802
SOS 571.000122
SRD 33.473989
STD 20697.981008
SVC 8.750614
SYP 2512.530268
SZL 17.670062
THB 33.709919
TJS 10.660956
TMT 3.5
TND 3.109497
TOP 2.342102
TRY 34.266704
TTD 6.795091
TWD 32.078028
TZS 2724.999884
UAH 41.255962
UGX 3667.328823
UYU 41.535085
UZS 12849.999894
VEF 3622552.534434
VES 40.829301
VND 25400
VUV 118.722039
WST 2.801184
XAF 607.508219
XAG 0.029645
XAU 0.000367
XCD 2.70255
XDR 0.750324
XOF 607.000048
XPF 110.625039
YER 250.349861
ZAR 17.686105
ZMK 9001.19594
ZMW 26.604001
ZWL 321.999592
  • RBGPF

    0.0100

    63.01

    +0.02%

  • CMSC

    -0.0202

    24.62

    -0.08%

  • RYCEF

    -0.0900

    7.2

    -1.25%

  • NGG

    -0.1000

    66.34

    -0.15%

  • AZN

    -1.0500

    75.9

    -1.38%

  • SCS

    0.1200

    12.59

    +0.95%

  • BP

    -0.0100

    31.3

    -0.03%

  • BTI

    -0.0600

    34.65

    -0.17%

  • GSK

    -0.2400

    37.74

    -0.64%

  • RIO

    0.1200

    64.61

    +0.19%

  • RELX

    0.2800

    47.1

    +0.59%

  • CMSD

    0.0600

    24.82

    +0.24%

  • JRI

    -0.0800

    12.97

    -0.62%

  • BCC

    3.0600

    136.97

    +2.23%

  • BCE

    -0.0700

    33.14

    -0.21%

  • VOD

    0.0500

    9.51

    +0.53%

Huge US lithium mine gets govt approval
Huge US lithium mine gets govt approval / Photo: © AFP

Huge US lithium mine gets govt approval

An enormous lithium mine in the Nevada desert was granted final government approval Thursday in a project the miner 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 less than two 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 United States, even while they struggle to source lithium batteries -- a sector dominated by strategic rival China.

But the project at Rhyolite Ridge has highlighted the trade-off between the need to adapt energy sources and the desire to protect the planet's biodiversity.

Campaigners say the mine will threaten the unique habitat of the endangered Tiehm's Buckwheat -- a rare wildflower with delicate cream-colored blossoms that grows only in this corner of Nevada.

"By greenlighting this mine the Bureau of Land Management is abandoning its duty to protect endangered species like Tiehm's Buckwheat and it's making a mockery of the Endangered Species Act," said Patrick Donnelly of the Center for Biological Diversity, a nonprofit conservation group.

"We need lithium for the energy transition, but it can't come with a price tag of extinction."

Ioneer admits 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, insisting their experiments show it is already growing well in greenhouses.

S.Jordan--TFWP