• Whitehaven’s exec pay regime is too generous & should incur a 2^nd consecutive strike at this year’s AGM, proxy adviser CGI Glass Lewis recommended (AFR)

• The world’s 2 biggest iron ore suppliers, Rio Tinto & Vale, raised output of material last quarter, even as demand from China faces headwinds (Bloomberg)

• 'Worst deal ever': Wollemi Cap's Matt Kean blasted Origin's Eraring pact, while the former NSW Liberal treasurer also criticised the Oppositions nuclear plan (CB)

• BHP received a last-minute fillip in its stoush with law firm Pogust Goodhead, whose $70b class action over the 2015 Brazilian dam collapse begins Monday (AFR)

• A crisis in aluminium’s supply chain has triggered a blistering rally in alumina prices, setting up some ASX miners for elevated earnings (AFR) Alcoa up 8% today, S32 up 4%

• China’s record-breaking run of aluminium output is likely to extend through the rest of the year as supply risks dissipate at a key production base (Bloomberg)

• Uranium stocks fell as Kazatomprom agreed asset sale with China’s CNNC & CNUC (CB)

• Chinese stocks fell to the verge of a correction in a sign of growing disappointment over the pace of stimulus rollout (Bloomberg)

• Alcoa has renewed its alumina supply contract with Aluminium Bahrain (Alba), one of the largest aluminium smelters in the world, with WA product (AM)

• Rio announced it would launch a review of its “future product strategy” in iron ore as it juggles a generational shift at its Aussie mines, new African supply, and steel mills’ desire to cut carbon emissions (AFR)

• ASX lithium players risk missing out on an expected wave of M&A activity after Rio’s bid for Arcadium showed that junior producers could be targetted (AFR)

• General Motors will acquire a 38% stake in Thacker Pass for US$625m in cash and letters of credit (Mining.com, LAC.T) Lithium Americas shares jumped 20%. The JV deal replaces the $330m in second tranche equity investment from GM

• Aurum secured 17.8% of takeover target Mako Gold via pre-bid acceptance agreements with Dundee Resources, Delphi, Sparta, Geodrill & David Harper (MKG)

• Compulsory acquisition of Zeta Resources by its major shareholder UIL has completed, with Zeta due to come off the ASX boards by end of week (ZER)

• Koonenberry Gold will buy the Enmore Gold project off GUE for 35m shares (trading at 1.5c), & simultaneously purchase the Lachlan projects from Gilmore Metals for 95m shares. KNB will raise $4.5m from Lion Selection Group & Lowell Resources Fund (KNB)

• Siren Gold is in a trading halt to vote on the proposed deal with Rua Gold (SNG)

• NGEx Minerals launched a C$100m placement, subsequently upsized to C$175m, to drill out its Lunahuasi copper project (NGEX.T)

• Cornish Metals has entered a £7 million secured credit facility with Mick Davis’ Vision Blue paying 15% p.a. (CUSN.V)

• Astron completed a $13m capital raising (ATR)

• We believe a major gold miner or two tested the water in doing a friendly deal to acquire Greatland Gold before the Telfer sale process had concluded

• The angle? Greatland always had all the negotiating leverage in the sale process via its pre-emptive right on the other 70% of Havieron

• The Principal-Agent Problem (Byrne Hobart) think of the application to mining companies where “capital-intensive industries” are discussed by Byrne

• Saudi Arabia tightens its belt (FT Big Read)

• The shale revolution helped make America’s economy great - what does this mean for renewables? (Economist)

• Will China’s move to “big” stimulus work and what does it mean for Australia? (Livewire)

• Rene Sterk with an entertaining 9-minute video: Things to Think About in Mining & Exploration #1: Verification & Validation (YouTube)

• BYD Is Winning the Global Race to Make Cheaper EVs (Bloomberg)

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