[SMM Flash News] Indonesia’s President Prabowo Subianto Launches Phase 2 Downstream Projects Worth Rp116 Trillion

Australia’s New South Wales state has officially approved RZ Resources’ A$693 million ($497 million) Copi mineral sands mine project. Located 75 km northwest of Wentworth, the mine holds one of the world's largest critical minerals deposits and is expected to produce up to 400,000 tonnes of critical mineral ore annually—including titanium minerals, premium zircon, and rare earth elements—for an 18-year lifespan. Backed by governments including the US, Japan, India, and Australia, and featuring strategic investments from Japan’s JX Advanced Metals Corporation and Marubeni, the approval clears a pathway to first production in early 2029.

Saudi power and water company ACWA Power is nearing full certification for its 4.4 GW green hydrogen and ammonia production hub in Yanbu after a pre-certification assessment by LBST and a TÜV SÜD audit confirmed it meets European standards for renewable fuels of non-biological origin (RFNBO). Developed in collaboration with German utility EnBW, the Yanbu hub will utilize up to 10 GW of renewable capacity and a 400 km transmission line to power 4.4 GW of electrolysers, ultimately producing 2.5 million tonnes of green ammonia (equivalent to 400,000 tonnes of green hydrogen) annually for export.