• Iron ore sank below $90/t for the first time since 2022 as industrial commodities faced sustained pressure (Bloomberg)

• MinRes is investigating the cause of two road train rollovers in Onslow (AFR) another Director’s Special scoop surfaces!

• Gunvor & Trafigura anticipate oil prices may range between US$60-$70 due to sluggish Chinese demand & persistent oversupply (Reuters)

• MinRes is investigating the cause of two rollovers involving the jumbo road trains that underpin its recently opened Onslow operations (AFR)

• China’s gasoline use is set to start fading, adding to concerns about tepid oil demand relative to supply, according to Vitol (Bloomberg)

• Greatland Gold it wants leaky tailings dams at the site fixed before settling any acquisition of the project (AFR)

• Senior ministers from Indonesia said it’s asking for help to negotiate with lenders to accelerate coal power plant retirement (Reuters)

• Italy is looking to create a new SMR manufacturer, with officials taking to Ansaldo Nucleare, Enel & UK-based Newcleo to develop the plan (Reuters)

• Feds link Indonesia nickel needed for EVs to forced labour (Politico)

• The Victorian govt excluded gas stovetops from a net zero roadmap, with laws to be introduced to state parliament to encourage new offshore gas storage projects (Herald Sun)

• Nvidia’s AI chips are cheaper to rent in China than US (FT)

• Australia’s peak mining lobby group releases pre-election wish list (MiningNews)

• China’s producer prices slid in August as concerns grow that deflationary forces are taking root (FT)

• Chrysos’ gold photon assay technology is expanding overseas with a $95m green bond from CommBank (Australian)

• Street Talk initially broke a story that Greatland Gold had launched a $500m capital raise to buy Newmont’s Telfer and 70% of Havieron with Twiggy tipping in $100m, won’t pull trigger on ASX listing till 2025 (AFR) then Greatland released a statement suggesting they had entered an exclusivity period with Newmont but the deal was incomplete (GGP)

  

• Greatland Gold wants Telfer dams fixed before takeover (AFR)

• SQM has entered its first African partnership with Andrada to develop Lithium Ridge in Namibia with $2m upfront plus $20 million in exploration for 40% (Mining.com)

• State-owned China Minmetals plans to establish a US$1.4b miner with local companies in the lithium-rich province of Qinghai (Reuters)

• Anglo hired bankers to sell its two nickel mines in Brazil, Barro Alto and Niquelandia (Mining.com)

• G Mining Ventures is acquiring the CentroGold Project in Brazil from BHP in exchange for a 1% NSR on first 1Moz and 1.5% after (GMIN) in 2019 an Oz Minerals PFS indicated avg ~110koz gold per annum

• Ramelius made 3 unsuccessful attempts to acquire Westgold between Oct’ 23 and Apr’ 24, the Takeovers Panel revealed (BN)

• Anglo faces uncertainty over its coal unit valuation after fire at its flagship mine, Grosvenor (FT) lists Peabody, Yancoal and Glencore as bidders

• Labyrinth updated on the Distilled (Vivien) acquisition, which it expects to complete on Sept 20^th, assuming shareholder approval (LRL)

• Galan has completed a $25m capital raise to “support full funding” of HMW Phase 1 (GLN)

• Inca One announced a new US$25m gold loan, following a court ruling (INCA)

• Small fries for a big company but we are hearing that BHP is facing some real challenges at Prominent Hill in South Australia, an asset they acquired via the $10b takeover with Oz Minerals

• BHP has been putting in a ~1km deep shaft at Prom Hill for a while now and Word on the Decline is there may be a blockage for as much as 130m due to human error (aka firing the next shot when the last wasn’t bogged clean!)

• BHP is apparently throwing the kitchen sink at the dilemma but it doesn’t sound pretty with cost and schedule blowouts well reported already

• What Pilbara Minerals is signalling to lithium markets (Emanuel Datt)

• The real problem with China’s economy (Economist) Manipulated data/information…

• BMW partners with Toyota to take ‘zero emissions to the next level’ as Volvo scraps EV pledge (Australian)

• Is the era of the mega-deal over? (Economist)

• How Miners Regained Their Appetite for Deals (WSJ)

• The Unknown Side of Copper Mining—Tailings! (YouTube)

• Trading at near-record highs, but gold still has ‘further to go’ (Australian)

• Dryblower on Australia’s fading (new energy) superpower dream (MiningNews)

• Tasmania’s hydrogen pipe dream exposes Australia’s green challenge (CB)

• Closing factories will not be enough to save VW (Economist)

• “There’s life in the old mine yet” says Super Pit owner Northern Star (BN)

• How hedge funds (multi-strat “pod shops”) find talent (Odd Lots Podcast)

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