• BHP workers at Escondida walked off the job on strike after talks failed to reach an agreement (AFR, Bloomberg)

• Evolution hit by ransomware attack, the latest miner targeted by cybercriminals (MiningNews)

• Zambia reopens Congo border after beer ban led to closure, Kasumbalesa border key route for global copper trade (Bloomberg)

• Barrick earnings are up, yet AISC continues to climb (MiningNews)

• Hancock’s Senex Energy loses long-time CEO post $1b expansion deal (AFR)

• Iron ore dropped for the fifth time in six days ahead of data this week that’ll shed light on Chinese steel output (Bloomberg)

• Copper & nickel from China flooded overseas into warehouses tracked by the LME, as tepid domestic demand triggered exports (Bloomberg)

• Oil prices were stable as supply risks arising from expectations of widening Middle Eastern conflict were tempered (Reuters)

• Biden has allowed more solar cell imports to avoid potential Trump-era tariffs (Reuters)

• Liquidity in the CME’s lithium contracts is rising again, with financial players looking to benefit from arbitrage opportunities (Bloomberg)

• The Government has taken an Opposition attack line and sought to turn it back on Peter Dutton in a fight over production tax credits (West)

• Coal miners go it alone with first lobby group in more than a decade (AFR)

• Rio prepared to sell a stake in its Winu copper project in WA, raising the prospect of a broader consolidation play in the Paterson region as rival miner Newmont also looks to exit the district (AFR)

• AGL Energy prepares to unveil big batteries play as it acquires Firm Power (AFR)

• Australian Meat Industry Super now up to 62.6% in Dynamic Group as part of its on-market takeover (DDB)

There’s been a lot of action in gold equities the last couple days, here’s a few we’ve kept our eye on.

Genesis

40m shares crossed at $2.14 yesterday, equivalent to ~3.6% of the company, the stock finished up +8%. It’s anyone’s guess who sold that much stock (AusSuper, Van Eck and RCF are the top 3 shareholders), let alone bought it. Our guess is investors closing out shorts (Genesis is currently 8.4% shorted) or maybe something more spicy like Red 5? Time will tell…

Pantoro

Pantoro traded almost 4x its average daily volume yesterday, up +12%. Admittedly only ~0.5% of shares on issue traded, but an interesting one to watch now that their balance sheet has been cleaned up and production appears to be turning around at Norseman.

Meeka Metals

Meeka jumped +13% yesterday on higher than average volume off of no news, and had to bat off an ASX price query. The company advised it has secured a debt provider and is sorting credit approved documentation, which is expected to be finalised imminently. On our watch, it looks like Meeka’s Murchison project will be WA’s next gold producer, let’s hope they fare better than the other in recent history…

• Strictly Boardroom: How to fix exploration IPOs with former poddie guests Allan Trench and John Sykes (MiningNews)

• Can Sweden deliver its much-hyped green energy boom? (FT)

• Can the mining assets of the Pilbara’s iron ore majors (& the workers) survive rising heat? (West)

• German investment in China soars despite Berlin’s diversification drive (FT)

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