• Macmahon revealed it had exposure of $40m to collapsed Calidus, which it said it was confident it could partially recoup (West)

• Lake Resources, with a flagship project located in Argentina’s lithium triangle, said it will have to slash jobs & sell assets (AFR)

• Fiona Hick joined the board of gold and copper producer Evolution Mining in her first major career move since leaving Fortescue (AFR)

• Jefferies put Grosvenor’s contribution to Anglo’s met coal portfolio at ~30%, dealing a big blow to sales plans (Reuters)

• Rio-Alcoa green aluminium smelting tech starts its path to commercialisation (MiningNews)

• A fresh disaster at Anglo’s troubled Grosvenor coking coal mine has blown a hole in Duncan Wanblad’s rescue plan (The Australian)

• The US tried to facilitate a deal for trader Mercuria to acquire Cu-Co mines in the DRC in a deal that hinged on the US lifting sanctions (FT)

• BCI Minerals inked a 21-year deal with CSL Australia for transhipment services to the listed company’s Mardie salt & potash project (West) count on Kerry Stokes to only ever allow positive BCI news in The West

• Dryblower explains why Trump 2.0 is a threat to Australia’s mining industry (MiningNews)

• The drop off in lithium prices has seen Australian lithium exports by value drop from $20b to $10b in one year (West)

• WA1 puts resource numbers around Luni, heralded as the “most significant niobium discovery in 70 years” (MiningNews)

• Endeavour said it’s studying the damage from the leak of poisonous liquid at its second-biggest mine in southern Ivory Coast (Bloomberg)

• Ivory Coast is planning to revise its mining code to increase state profits, the mines minister said (Mining.com)

• Funds are building physical cobalt positions amid a slump in prices, with tumbling spot and liquid futures creating opportunities (Bloomberg)

• Indonesia's Delta Dunia plans to grow through acquisitions, after it completed the $122m purchase of Atlantic Carbon (Reuters)

• Strickland completed the acquisition of the Rogozna project in Serbia (STK)

• Another c.100m shares of Spartan changed hands at 92c/share, with again Ramelius being the prime candidate (AFR)

• Russian diamond producer Alrosa bought a gold deposit in Russia’s Far East from Polyus, estimated between US$50 - 100m (Mining.com)

• DRC’s state-owned miner Gecamines said it’d oppose the sale of Trafigura-backed miner Chemaf to China’s Norin Mining (Bloomberg)

• Triton Minerals agreed to divest 70% of its Mozambique graphite assets for $17m in cash in staged payments (TON)

• Arafura received conditional approval for debt financing of up to US$150m from the Export-Import Bank of Korea (ARU)

• Orion raised $7.7m via a placement to progress the development of the Prieska copper-zinc mine and Okiep copper project (ORN)

• Liontown & West African Resources are both in trading halt to raise capital (LTR, WAF)

• Another 100 million shares of Spartan crossed late yesterday at 92 cents each. Just a casual $92m splurge, but for who? Usually the simplest explanations are the most likely and that’s why we’re betting this is Ramelius building from their 8.9% initial stake last week. With these additional shares they’ll be sitting with 18% of Spartan (absent any other on-market purchases) putting them firmly in the box seat.

• The Newman Story (BHP) A step back in time to see the development of the Mt Whaleback iron ore mine in 1969

• What impact does Grosvenor have on the met coal market? (Coal Trader)

• For lovers of mining history, here’s a great write-up on the Denison Mines, which ran from 8.5c to $87 starting in the 1950’s (Big Score)

• This video is a great summary of the Grosvenor mine explosion that occurred in 2020, particularly relevant given the ongoing fire (YouTube) shoutout @realhagetaka

• China appears to have stopped publishing data that highlight the extent to which power generated by solar & wind plants is being wasted due to grid constraints (Bloomberg)

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