• Eramet aims to start production at Centenario in November & ramp up to 24kt of battery-grade lithium by mid-25’ (Reuters)

• Boss Energy is ready to ship its first drums of nuclear fuel to utilities in Europe and expects to bank the cash in the coming months (West)

• The prospects for a Middle Eastern takeover bid emerging for Santos are regarded as unlikely, even as the O&G producer holds talks (AFR)

• More than 150 jobs are set to be created in the Mid-West region after the board of Fenix resolved to bring the Shine mine back online (West)

• Iron ore touched its highest in nearly a month as traders bet on a modest improvement for China’s steel market (Bloomberg)

• Anglo will reassess the timing of its coal asset sale process following the fire which continues to burn at its Grosvenor mine (The Australian)

• FMG is in hot water after reportedly hiring private investigators to monitor former staff & their families (West)

• Shares in Nickel Industries were down after the miner said its operations had been affected by higher-than-expected rainfall (CB)

• BHP bosses have docked employee incentives around the globe based on failures to hit internal performance targets (AFR)

• The ACCC forecasted gas shortfalls from 27’, calling for new supply to come online & suggesting LNG import terminals as stopgaps (The Australian)

• Century Mining failed in trying to reduce its government royalty payments by claiming $29m in expenses (AFR)

• Canada’s Yukon said elevated levels of cyanide were detected in a waterway near Victoria Gold’s Eagle mine after an equipment failure & landslide (Bloomberg)

• Citi has forecasted a near-term gold appreciation, highlighting central bank and private sector investment demand (The Australian)

• Trading volumes on the LME surged 27% in the second quarter to the highest in a decade, with nickel leading the way (Bloomberg)

• Canada’s federal government is poised to approve Glencore's US$6.9b purchase of Teck’s met coal unit with some stringent conditions (Bloomberg)

• Metallica Minerals unveiled a board shake-up as a hostile takeover by rival Diatreme continues to gather momentum (The Australian)

• Peel Mining & Red Hill announced an agreement for RHI to farm into and earn a 75% interest in Curnamona through $6.5m in spending (PEX)

• Newmont exercised its top-up right to maintain an 8.6% shareholding in Antipa following its ~$6m placement (AZY)

• EQR agreed to acquire CRONIMET’s JV interest in the Mt Carbine Retreatment JV, and will issue new shares worth US$7.5m (EQR)

Lots of rumours circling on Twitter in the last 24 hours:

1. @ImmaYieldGuy reckons New Hope’s convertible offerring could go towards acquiring the rest of Malabar that they don’t already own

2. @Respeculator reckons Anglo’s sale of its Bowen Basin coal assets won’t happen for another few years in the aftermath of the Grosvenor fire

Let us throw a big company rumour of our own into the mix. Apparently MinRes has been pretty close to doing a deal to buy (at least a stake in) Mauritania iron ore. Our intel suggests they might be worried about spooking the market with more balance sheet stress for now though.

• China is struck by floods & drought — at the same time. A looming water crisis threatens everything from data centres to farms (Economist)

• Energy transition will cost much more than politicians are pretending, an op-ed piece by John Kehoe (AFR)

• LG Energy is aiming to commercialise what’s been described as a game-changing battery-making technology by 2028 (Bloomberg)

• AGL & Origin to come clean on pollution levels from their NSW coal-fired power stations under new requirements by the EPA (AFR)

• Big Tech is likely to double its electricity needs in the next 5years. Increasingly, they are looking to nuclear. What can Australia learn? (CB)

• “Meet the victors in Africa’s coup belt” (Economist) Resource nationalism is at the forefront of volatile geopolitics in the Sahel

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