• Clean Energy Finance Corp made a US$75m investment into mining investment firm RCF to support Australia’s critical minerals supply chain (AFR, MiningNews)

• The Albanese govt renewable energy investment arm defended its funding for RCF, founded & controlled by MinRes chair James McClements (Australian)

• Rio Tinto says carbon price pain justifies action on cutting back emissions (AFR)

• Copper looks set to struggle as extra US trade tariffs from the Trump administration and economic risks in China drag on consumption (Bloomberg)

• Mining, energy shares jump on China stimulus plans (CB)

• Newmont let go of nearly a dozen managers, including a member of its executive team, as part of a sweeping corporate overhaul (Bloomberg)

• Westview Group is planning to build a $750m ‘green’ steel mill amid concerns over supply, with a start date next year (Australian)

• The US gov’t is considering whether to provide a loan of up to $550m to help develop a nickel & cobalt mine owned by Brazilian Nickel (Bloomberg)

• Namib Minerals is set to list on Nasdaq, with a US$500m merger with SPAC Hennessy Capital to be completed in Q1 CY25 (NM)

• Chile regulator charges Anglo mine over environmental violations (Reuters)

• Nickel miner Prony warned its Goro mine in New Caledonia is economically vulnerable after a suspension due to unrest, as operations restarts (Bloomberg)

• Lundin Mining announced the sale of its Neves-Covo & Zinkgruvan base metals ops to Boliden for up to US$1.52b, including upfront cash consideration of US$1.37b + contingent payments (Lundin) Expected to close by mid-25’ with proceeds to “strengthen the balance sheet & support Vicuña growth plans”

• Develop completed documentation for its $100m Trafigura loan facility, with a 5-year offtake agreed, while the plant refurbishment is 50% complete (DVP)

• Boab Metals has executed a US$30m prepayment, paying SOFR +5%, with Trafigura as well as an offtake agreement (BML)

• Silver Mines raised $25m for its Bowdens project in NSW (SVL)

• Savannah Resources received a LoI from German export credit agency Euler Hermes for a potential guarantee of US$270m for its Portuguese project (SAV. L)

• VRX Silica announced a $5m capital raising (VRX)

• We have often focussed on Carasoe Dam as the processing facility that unlocks Ramelius’ Lake Rebecca and Lake Roe projects. But we think it’s worth running the numbers on Vault’s Mount Monger facility too…

• Manufacturing is a war now (Noahpinion) A good read in the context of how the West should respond to Chinese mineral processing dominance 

• The five clues that suggest Northern Star’s acquisition of De Grey may be too generous according to Dryblower (MiningNews)

• Electric cars could last much longer than you think (Wired)

• Macquarie reckons 2025 won’t provide commodity relief (MiningNews)

• Australia's most spectacular mines (YouTube)

• GenCost pours some more scorn on nuclear power in Australia (MiningNews)

• Tough terrain ahead for investors in energy transition minerals (FT)

• MinRes chairman’s PE firm scores big cash gift (AFR’s Rear Window)

• Japan’s megabanks are awash in cash and eager to invest (Bloomberg)

• Joe Lowry’s Global Lithium Podcast: Thacker Pass (Apple, Spotify)

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