• Rio declared force majeure on alumina cargoes from its refineries in QLD, due to shortages of gas to power its operations (Bloomberg)

• Alcoa altered its takeover of Alumina to allow CITIC to convert future shares into non-voting rights to satisfy US regulations (The Australian)

• Former Millennium CIO Bobby Jain has indicated his new hedge fund will allocate 15-20% of its capital toward commodities (Bloomberg)

• Zimbabwe is in talks with China Railway Group for US$553m to help modernize the state-owned National Railways, which carries goods including lithium, coal, chrome and granite (Bloomberg)

• MinRes’ Chris Ellison said Peter Dutton will realise he’s wrong in opposing tax credits for downstream minerals processing (AFR)

• BHP shares touched a 3-month high as the deadline for an Anglo deal looms (Reuters)

• Solaris Resources scrapped plans to sell a minority stake in Warintza to Zijin because of fears it couldn’t meet Canada’s stringent foreign- investment standards (Mining.com)

• Woodside’s CEO said “Wishful thinking has guided nearly all of the federal government’s energy policy”, as some of Australia’s largest foreign investors warn that Labor must deliver on its gas commitment (The Australian)

• TotalEnergies and its partners approved a US$6b deep-water oil project about 100km off the coast of Angola (Bloomberg)

• Mining execs have cast doubt on the EU’s plans to jointly buy critical minerals as the bloc did for vaccines &, more recently, gas (FT)

• Gold slipped as U.S. Federal Reserve policymakers stuck to a cautious tone on monetary policy after bullion hit an all-time high (Reuters)

• Diatreme has taken neighbour silica sand developer, Metallica, to the takeovers panel in an attempt to get Metallica to disclose details of any “competing proposal” and waive the standstill (DRX, TOV)

• DiscoverEx’s backdoor listing of Lattitude 66 Cobalt has advanced, reporting an 84% relevant interest in the target (DCX)

• Canadian copper play Hudbay Minerals is raising US$300m via a bought deal (HBM.nyse)

• West African gold miner IAMGOLD is raising US$300m via a bought deal (IAG.nyse)

• Cameco is raising US$500 million via a debenture offering with a coupon of 4.94% (Cameco)

• AIC Mines is in halt, raising $57 million at $0.52 a share (A1M)

• Manganese developer, Element 25 is raising $5 million via an SPP (E25)

• West Arunta bolter, Rincon brought in $5.6 million from its placement (RCR)

• “China is winning the minerals war” while the West languishes in its attempts to make a debt (WSJ)

• The staid utilities industry has become a top-performing sector as AI’s energy demand has risen to prominence (WSJ)

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