• Mike Henry and BHP’s M&A executive met with government officials as standstill period expires next month (FT) it’s an “open secret” that BHP would likely make another bid

• BHP’s flagship iron ore division has reported its weakest prices in more than four years, with the markets fearing similar challenges to Rio (AFR)

• Amazon joins the push for nuclear power to meet data center demand (Reuters)

• Anglo to focus on metals exploration after Aussie coal sale (MiningNews)

• Barrick produces 1.03Moz AuEq this quarter, expecting a a strong Q4CY24 (MiningNews)

• BHP’s Olympic Dam copper mine is out of action after large electricity transmission towers in South Australia were damaged by wild storms (AFR)

• Alumina prices have soared to record highs this week, compressing margins at the world’s aluminium smelters (Reuters)

• The NSW government is seeking to bolster critical mineral explorers in the state by offering up to $250m in deferred royalty payments (AFR)

• Just one major resources project was been in sanction in WA this year, with the pipeline of future projects very thin (BN)

• Genesis is targeting first gold from its restarted Laverton mill for early next month (West)

• Beach Energy appoints Ryan Stokes as permanent chair (CB)

• Andrew and Nicola Forrest stand down as Minderoo Foundation co-chairs (AFR) Twiggy to focus on “real zero” ambitions at Fortescue

• General Motors is eyeing further North American investments in lithium & other critical minerals used to build EVs after its $1bn Nevada lithium deal earlier this week (Reuters)

• Owners of Queensland’s Kestrel coking coal mine, EMR Capital, say they will put the operation on the market, kick-starting a multibillion-dollar auction (AFR)

• Siren Gold received an improved offer from Rua Gold in relation to the sale of the company’s Reefton project, where Rua will subscribe for a $2m placement in Siren as a condition to completion (SNG) this was announced only ~2 hours before Siren’s shareholder meeting was scheduled to vote on the Rua transaction noting Federation’s proposal to RTO via Siren was disclosed earlier in the week….

• Mayur Resources secured a strategic alliance with a quicklime and limestone supplier to enable the launch of Mayur-branded lime product into Australian and Pacific markets (MRL)

• Turaco Gold received firm commitments to raise $35m at 31c to accelerate resource growth and drilling at Afema (TCG)

• Lowell Resources Fund launched a placement & SPP to raise a total of $7.7m (LRT)

• Caravel announced a $5m placement at 14.5c (CVV)

• F3 Uranium revised the pricing of its previously announced C$7m raising (FUU.T)

• We thought we’d be breaking the goss that Mike Henry was spotted in Johannesburg this week but unfortunately, the Financial Times broke the story before our regular email send time

• So instead we’ll use this column for something less juicy… Some intel into the state of the lithium market from a participant much closer than we are...

• We have heard a non-consensus view that the lithium market has not yet bottomed. It has been pointed out to us that there is a lot of carbonate floating around and held as finished inventories at small to mid-sized refiners that are apparently beginning to get desperate to sell

• On the plus side, we are told demand is fairly healthy, especially from the BESS side of the industry in recent months

• How China’s planning its biggest push in years to cut hidden debt (Bloomberg)

• Indonesia looks to next phase for nickel industry as fixer-in-chief bows out (Mining.com)

• Boot of Cortez: The Largest Gold Nugget Ever Discovered (Greek Reporter)

• Australia's first electric excavator: The R 9400 E | Liebherr (YouTube)

• Eric Sprott On His Biggest Wins (Massive) and Biggest Losses (YouTube)

• One of The Strangest & Richest Mineral Deposits Ever Discovered (Olympic Dam Vid)

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