• China rare earth heavyweight JL Mag is set to emerge with a c. 10% Hastings stake and a board seat for its $7m investment (AFR)

• Miners are concerned that a ‘climate trigger’ to be added to revamped environmental laws, and is stifling industry confidence (West)

• Elliott renewed its fight with the LME over the 2022 nickel crisis, saying the exchange failed to disclose crucial documents (Bloomberg)

• Russia’s state-run nuclear company Rosatom are looking to build 6 nuclear reactors in India (Newsweek)

• Viva submitted an updated environmental report for a Geelong LNG terminal, testing Victoria’s attitude towards gas (The Australian)

• Saudi Aramco is returning to the bond market to raise at least US$3b (Reuters) Aramco's bond sale is "likely an indication the company will continue to pursue acquisitions aggressively"… Santos anyone?

• Trafigura is grappling with a big share buyback bill after years of strong profits, prompting it to cut shareholder interest payments (Bloomberg)

• Chile said they’ll consider 81 proposals for lithium projects, putting it on track to surpass a goal of four new projects by 2026 (Reuters)

• Global gold ETFs recorded inflows for two consecutive months to end-June, with Asian buying offsetting outflows in North America (MW)

• Global Lithium has been dragged into the AVZ drama with “board changes” imminent (West)

• Anglo American has appointed bankers to kick off the sale process for its coal assets, despite the fire at Grosvenor (Reuters)

• Chile’s Codelco is considering taking a 10% stake in Teck’s QB, currently held by state miner Enami, valued at about $500m (Mining.com)

• Aurion confirms transaction discussions with Rupert. This comes on the back of Rupert’s stalled talks with B2Gold to acquire 100% of the Fingold JV which borders Rupert’s Ikkari project (RUP)

• Diatreme have almost 80% of Metallica and extended the takeover offer period to 23 July in an effort to close out the deal (MLM)

• WA1 raising $50m at a price of $17, a 16% discount to the 5-day VWAP to further fund their Luni niobium project in the West Arunta (WA1)

• Ascot Resources is raising C$20m via a bought deal of charity flow-through units (AOT)

• In Monday’s note, we included details of the undeveloped Mt Bundy gold project in the Northern Territory selling for A$300 million to Huineng Gold, with a named guarantor being Inner Mongolia Huineng Coal

• We think there was some serious wealth generated by the #MongolCoal winners in the last 12 months and word on the decline is there is a lot of appetite to get that out of China (nothing is new here)

• But what we find interesting is the litmus test of getting FIRB approval for a gold project, a non-critical metal if there ever was one!

• And if it gets the tick, can we expect to see more Chinese money find its way into Australian gold assets as a way to park newfound wealth?

• “The Rise of China's Solar Industry: A Tale of Strategic Mastery” a blog by Will Thomson 

• The cost of shipping crude oil along key Asia routes is slumping as supertankers take shorter trips & demand softens in China (Bloomberg)

• Gina has hosted two private political fundraises to assist Aussie opposition leader Peter Dutton’s tilt at the government (AFR)

Were you forwarded this email from someone else?

Wanna plug your business in the Directors Special?

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.