• Australian Treasurer Jim Chalmers has said critical minerals are a ‘golden opportunity’ and the upcoming budget will boost the sector (Bloomberg)

• Raleigh Finlayson confirmed Tower Hill won’t need EPA approval, with the moving of the railway the biggest obstacle (The West)

• Major Rio Tinto shareholders have urged caution and warned the company it should not compete for Anglo (AFR)

• US Forest Service started federal permitting for South32’s Hermosa project. Authorisation is expected to take 2 more years (Mining.com)

• Anglo shareholders are pressing the company to expedite the release of a turnaround plan in an attempt to survive BHP’s bid (Bloomberg)

• Red Pine Exploration said former CEO tampered with Wawa gold assays, in what the company deemed an “unauthorised manipulation” (Mining.com)

• Erratic rainfall in China's southwest is frustrating a multibillion-dollar push to green an aluminium industry that accounts for almost 60% of global output (Reuters)

• Suppliers to Newmont’s Cerro Negro in Argentina expressed their concern over the months-long closure since a fatal accident (Mining.com)

• Copper has risen 16% this year, with the price firming around US$10,000/t, following anticipated shortages & aging mines (Bloomberg)

• Hedge funds bullish bets on Brent crude are easing as tensions in the Middle East steady, with long positions at an 8-week low (Bloomberg)

• Gold is trading at US$2,375/oz (up 1.5%), copper at US$4.49/lb (up 1.2%) and 62%-iron ore fines at US$116/t

• Gold Road took up just $51m of the $119m it was entitled to in last week’s $600m De Grey raising, diluting its 19.9% stake to 17% (AFR)

• Metallica bites back at its silica sand neighbour, Diatreme, with eight “clarifications” to Diatreme’s latest bidder’s statement (MLM) Plus the Board alludes to an alternative potential deal…

  

• Kingston Resources has raised $5m via a retail entitlement offer (KSN)

• Is Gold Road for sale? Reading Bridget Carter’s Dataroom column, it sure seems that way. She has all the talking points for why the company would be attractive to a potential acquirer. So we can’t help but think this is an advertisement. If so, we think this would be a positive development for the company in the aftermath of the proposed Greenstone deal disappointment.

• The Biden administration is set to announce new tariffs as high as 100% on Chinese electric vehicles and additional import taxes on other Chinese goods, including semiconductors, as early as next week (NYT)

• Here’s a look into what life at Berkshire Hathaway will be like after Buffett no longer helms the business (FT)

• Jim Simons: A Short Story of My Life and Mathematics (YouTube) A video with the late great investor Jim Simons

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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.