Patriot moving forward with plan to open new coal mines

Critical minerals are central to BC’s economic vision, with demand for lithium expected to grow sixfold by 2030 and copper demand projected to double by 2050.

The final bidders are down to Yancoal Australia, Stanmore Resources and Peabody Energy.

Adaro is spinning off the coal mining unit valued at $2.45 billion to focus on developing cleaner energy, with an aluminum smelter being built in Kalimantan.

Mining costs are rising because of aging deposits that demand deeper bores and increased maintenance to avoid accidents.