I read about the Australian bushfires on Kangaroo Island in South Australia (SA). People lost their home, large swathes of forests were scorched, while millions of animals, including huge populations of kangaroos and koalas were burnt to a crisp. It's a catastrophic story that has been blamed on climate change. Behind that story is a growing green industry powered by lithium batteries. There's mining operations, multinational companies, Tesla, and the conglomerate of the Nicole Kidman's family somehow involved. The simple way to tell this story is with a timeline:
2009 - Mitsui & Co, a global mining and energy company wins right to sell lithium throughout Asia
2015 - Kangaroo Island Council development plan 2015, outlines that mining operations can't go ahead if they damage the environment and wildlife.
July 2017 - Tesla announces its building the world’s biggest lithium ion battery in South Australia
May 2018 - Mining company Auroch Minerals announces drilling plans for Kangaroo Island deposit
Sept 2018 - Kangaroo Island Plantation Timbers (KIPT) signs exclusivity agreement with a Mitsui to “develop, maintain and operate the a woodchip-handling facility”
Nov 2018 - Mitsui and Tesla signs a definitive supply agreement deal with Kidman Resources with for lithium
Jun 2019 - Kangaroo Island reported to likely to boast significant yields of lithium
Sept 2019 - KIPT acquires 173-hectare taking it’s land holdings up to 50% of the island to develop a multi-user deep water “timber”port facility (KI Seaport at Smith Bay)
Dec 2019 - Fire reported to be started by lighting in KIPT's land holdings
1 Jan 2020 - 2 ravine fires on Kangaroo Island merged ravaging a lot of KIPT land
2 Jan 2020 - KIPT claims insured value of loss for $8.45 million for ravine fires
6 Jan 2020 - Mitsui to spend $3.5bn expanding its operations in Australia
10 Jan 2020 - ASX lithium shares are rebounding in 2020
12 Jan 2020 - Kangaroo Island’s majority of natural ecosystems completely scorched by apocalyptic fires
14 Jan 2020 - Mitsui donates $200k for bushfires damages to communities
22 Jan 2020 - Fires contained and 95 per cent of KIPT's timber estimated to be wiped out.
The sequence of these events here might only be loosely linked. But they beg a few questions, like:
Will mining operations now be free to begin, unrestricted from environment policies, since the earth is now scorched?
What interest would Mitsui & Co, the forth largest exporter of mining extracts in Australia, possible want with a wood-chip handling facility?
If the Australian government drastically reduces coal as the main energy source, as it's currently pressured to do, will there be a even larger market for lithium? Who would then supply it?
Was it climate change that caused the bushfire devastation, or was started and allowed to wreak havoc for other causes and reasons?
References:
Kangaroo Island Council development plan
Bushfires bring 'apocalypse' to Kangaroo Island
Why these ASX lithium shares are rebounding in 2020 // Motley Fool Australia/
https://themarketherald.com.au/kang...bers-asxkpt-ravaged-by-more-bushfires-2020-01/
https://www.theislanderonline.com.a...ne-fires-merge-move-toward-duncan-fire-ground/
https://www.proactiveinvestors.com....hardwood-exporting-via-ki-seaport-218278.html
https://investingnews.com/daily/australia-investing/kidman-hoa-mitsui-lithium-hydroxide/
https://www.sa.gov.au/topics/planni...oo-island-plantation-timber-port-at-smith-bay
https://www.theislanderonline.com.a...es-drilling-plans-for-kangaroo-island-deposit/
https://www.asx.com.au/asxpdf/20190208/pdf/442gl26ck424mk.pdf
https://www.vanadiumcorp.com/news/s...iggest-lithium-ion-battery-in-south-australia/
http://theleadsouthaustralia.com.au...es/kangaroo-island-shows-rpromise-for-lithium/
https://www.sbs.com.au/news/kangaro...ained-after-burning-for-more-than-three-weeks
https://www.livewiremarkets.com/wir...ks-count-the-cost-of-the-bushfire-catastrophe