• Gold’s latest surge to fresh records has been fueled by a rush of buying activity in daily auctions, pushing prices over US$3,200/oz (Bloomberg)

• MinRes has blasted oil and gas giant Chevron, with the WA gov’t dragging the miner to court after failing to persuade Chevron to waive port fees (Australian)

• Albanese pledged his support to WA, recognising the state’s role as an economic power, while Dutton warned over mining risks with a Labor gov’t (West)

• Trump’s administration is drafting an executive order to enable the stockpiling of metal found on the Pacific Ocean seabed, to counter China’s dominance (FT)

• The Victorian gov’t has walked back a timetable for delivering infrastructure central to the creation of a $100bn offshore wind industry (AFR)

• Reko Diq in Pakistan could provide key leverage for trade talks with the US, say Barrick, as Islamabad tries to reduce “reciprocal” tariffs (FT)

• Shipments of seven rare earths placed on an export control list last week by Beijing have ground to a halt (Reuters)

• A move by Peabody to extract itself from its $5.8bn deal to buy Anglo Coal may be fraught with challenges, including a costly lawsuit, experts say (Australian)

• JSW asked Poland’s social security office to allow it to delay this year’s payments in the latest sign of struggle at the EU’s biggest met coal miner (Bloomberg)

• The Australian Workers Union has dragged BHP to the Fair Work Commission for not acting in ‘good faith’ on a WA mine deal (West)

• Hudbay reached an agreement with a coalition of union building trades to support the construction of its Copper World mine in Arizona (Mining.com)

• China is no longer welcome in UK steel sector, following its refusal to accept £500m in aid (Reuters)

• Glencore executives were in Australia last week, prompting questions over potential impending M&A, with some pointing the finger at Rio (Australian)

• Gold Fields should have to cough up at least another $1.6bn to buy Gold Road, according to the man who brought the two companies together (West)

• Korea’s LG Chemical is understood to be among the companies offered to buy a stake in Wodgina, but talks fell over due to Ellison’s $2b price tag (Australian)

• Gold Road intends to vote its 17.3% holding in favour of the De Grey Scheme (GOR)

• Fortuna will exit Burkina with the sale of Yaramoko to Soleil Resources for US$130m upfront, & up to US$53m on certain conditions (FSM.NY)

• Rio Tinto & Mitsui have launched a $75m bid for Mark Creasy’s Pilbara iron ore deposits, with the clock ticking for Fenix to match (AFR)

• Kincora added a 2^nd JV with AngloGold, with a stage one earn-in of 70%, should $25m be spent, taking total potential spend up to over $100m (KCC)

• Brazilian Rare Earths amended its Amargosa tenement acquisition from Rio, swapping a US$40m milestone payment for a US$1/wmt royalty on bauxite (BRE)

• Odyssey signed an MoU with its Tuckanarra JV partner, Monument, to work on studying processing options at Monument’s Burnakura plant (ODY)

• Bellevue is raising $156m at 85 cents, a 26% discount to last close, as the gold miner revised guidance lower (~130koz in FY25 and ~150koz in FY26) (BGL)

• Greatland Gold has tapped a trio of brokers for its upcoming Aussie cross-listing, pegged for mid-year (AFR)

• Galan has gone into suspension, extending its halt over a definitive offtake agreement & capital raise (GLN)

• Prospect Resources in halt, pending announcement of a capital raising (PSC)

• Power Minerals is in trading halt pending “potential material acquisition and

  strategic investment” (PNN)

• We found Matt Fist’s comments on potential M&A in our latest interview interesting.

• On Genesis, he downplayed the probability of a tie-up with Vault in the near term but suggested higher-grade, oxide ounces near Laverton would be attractive. Specifically listing Magnetic, Focus’ Beasley Creek, and Brightstar’s Laverton Hub.

• We know the first two on that list are publicly ‘for sale’…

• Trump goes all-in for his biggest deal ever: China (AFR)

• Australia PM’s Approval Rating Rises as Trump Looms Over Vote (Bloomberg)

• What mining giants and family photos say about the campaign launches (AFR)

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