• Chile’s Codelco has targetted 2030 for production at the recently acquired Maricunga lithium project (Mining.com)

• Red Hill will start the new financial year with a hefty bank balance, with the company set to pocket A$200 million from MinRes (MiningNews)

• Albanese ramped up his attacks on the opposition’s nuclear energy plans, calling on voters to reject a Coalition ­“nuclear fantasy, dreamed-up to delay real action on climate change” (The West)

• Gold fell the most in over two years as surprise strength in US jobs data dashed hopes that the Federal Reserve would cut rates (Mining.com)

• KoBold Metals, the Gates-backed explorer, could spend $2.3b to build a new copper mine in Zambia, President Hichilema said (Bloomberg)

• NZ reversed a ban on oil and gas exploration, six years after former PM Jacinda Ardern halted new offshore drilling (The Australian)

• Copper production from Codelco, the world’s largest producer, fell 6.1% in April compared to the same month last year (Mining.com)

• Rio’s destruction of Juukan Gorge was an industry game changer, with lawyers saying it raised the bar for agreements & increased approval times (AFR)

• Demand for Canadian natural resources is on a “scale never seen before,” according to the Mining Association of Canada (Mining.com)

• Copper & nickel have both have taken a hit so far this month, with Cu at US$9,835/t & Ni at US$17,945/t (The West)

• Southern Cross Gold and its 49.6% shareholder, Mawson Gold have agreed to merge in a transaction that will see SXG shareholders retain 50.4% of the proforma in a scheme of arrangement (SXG)

• Genesis Minerals will not rush into any more acquisitions (The Australian)

• Hancock Prospecting is rumoured to be taking a look at buying Strike Energy (The Australian)

• M&A will be on the cards for Beach Energy from 2025 according to Dataroom in a column that talks about the company’s ‘turnaround story’

• Botswana is in talks over increasing its shareholding in De Beers, as Anglo prepares to end its almost century-long relationship (Bloomberg)

• Foreign investors were allocated about 60% of the shares on offer in Saudi Aramco’s $11.2b stock sale (Bloomberg)

• Guinea Alumina Corp, a unit of Emirates Global Aluminum, signed a preliminary agreement with the Guinean government for the construction of an alumina refinery (Bloomberg)

• Theta Gold stated that tranche 1 of its placement did not settle, though the investor re-confirmed its US$10m commitment & Theta anticipates an end-of-month closing (TGM)

• Jameson Resources has raised $5m for exploration (JAL)

• Peninsula has completed its retail entitlement, with underwriters taking ~$5m of the $22m retail allocation (PEN)

Word on the decline is the Money Miners that somehow managed to get 20+ people to sign up for this newsletter are genuinely GCs.

• Narendra Modi, heading into his 3^rd term with a weakened mandate, wants India to embrace a new “green era” at the forefront of climate diplomacy (Mining.com)

• Why EV tariffs won’t stop Chinese cars (CNBC video)

• How private equity ate Britain (Bloomberg originals video)

• Why China is winning the EV war (Vox video)

• China's imports of major commodities were either openly weak in May, such as the decline in crude oil, or those showing apparent signs of strength were deceptive (Reuters)

• Westinghouse is replacing Russian fuel and planning to help Kyiv build new reactors (WSJ)

• The Koala talks about a lot of relevant themes in the world of mining investment in this 47-minute podcast on Mining Stock Daily (Apple, Spotify)

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Disclaimer

All information in this newsletter is for education and entertainment purposes only and is of general nature only. The hosts of Money of Mine are not financial professionals. Money of Mine are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional, along with considering any relevant Product Disclosure Statement. Money of Mine does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. Money of Mine strives to ensure the accuracy and currency of the information contained in this newsletter but we do not make any representation or warranty that it is accurate, reliable or up to date. Any views expressed by the hosts of Money of Mine are their opinion only and may contain forward looking statements that may not eventuate. Money of Mine will not accept any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of information in this newsletter.