Country’s cabinet has approved a draft mining law that would allow the government to own shares in private mining operations and impose steep penalties for violations in the sector.
Ivanhoe Mines chairman says mining companies will have to be “real heroes” and governments will have to accept the industry if the world is to successfully transition to clean energy.
"Nearly $16 trillion would have to go into green-focused infrastructure to achieve decarbonisation targets, compared to $10 trillion in China during last supercycle.”