• US shareholders issued a sharp rebuke of Pilbara Minerals at its AGM, criticising CEO Dale Henderson’s bonus and the board’s lack of diversity (AFR)

• Four Barrick employees have been arrested by Mali’s military-controlled government as a dispute over its local mining operations escalates (Bloomberg)

• Zambia miners rescued after nationwide power outage, due to worst drought in decades affecting the nation’s hydropower generation (Reuters)

• Private credit will lick its lips over Peabody’s $3.2b bridge loan (AFR’s Chanticleer)

• Peabody has obtained a US$2.075b bridge loan from a mix of banks and private credit to finance its coal purchase (Bloomberg)

• Bolivia's gov’t and Chinese consortium CBC, including CATL, signed an agreement for CBC to build two DLE plants for at least US$1b (Reuters)

• Alcoa to reactivate an unused mine site in a last-ditch bid to replace ore from a stalled transition project and keep the Pinjarra refinery filled (West)

• Anglo’s A$5.8b coal sale shores up its BHP defence (Australian), while Trump’s proposed tariffs may impact the consideration structure of any potential deal (Australian) BHP’s standstill period ends 29 Nov, only 2 days away!

• Labor and Greens edge closer to a shock deal to create a new Federal Enviro Protection Agency (West) Read AMEC’s response to the proposed bill here

• Vedanta is set to invest US$2b to build copper-processing facilities in Saudi Arabia, boosting the kingdom’s ambitions to become a metals hub (Bloomberg)

• Constellation Energy is asking regulators to make new rules for connecting customers directly to power plants, saying insufficient guidance has thwarted attempts to site, or co-locate, data centers at its nuclear facilities (Reuters)

• Anglo is selling another chunk of Amplats to increase the unit’s free float ahead of a full exit. It’s offering 17.5m shares (6.6%) likely to fetch $30.10/share or US$527m for the parent (Bloomberg)

• Metro restructured its Nebari debts & royalty, converting the royalty into a US$11.5m debt facility, reducing the rate by 2% across all tranches (to SOFR + 7%), & adding a US$10m standby facility (MMI) 2025 payables drop by $16m

• Turaco agreed to immediately increase its Afema stake to 80% (up 10%), by accelerating a $22m payment ($11m cash, remainder in shares) (TCG)

• Lake Resources closed the sale of non-core assets to Austroid, receiving $13.6m (LKE)

• Rox Resources closed their SPP early due to significant early demand (RXL)

• Strike Energy received credit approval for the first $60m tranche of funding, while the Macquarie package has been increased to $217m from $153m (STX)

• STLLR Gold closed a C$26m financing to advance its Tower Gold project (STLR.T)

• Silvercorp closed an increased US$150m convertible senior note offering (SVM.T)

• Jervois has secured from its lenders a further US$24.5m limit increase for the delayed draw term loan (lifting it to US$32m) (JRV)

• Encounter is in a trading halt to raise capital (ENR)

• It’s interesting to see Austriod pick up Lake’s non-core brine assets. Despite MinRes’ acquisition of Bald Hill a year ago, we think Austroid still has a decent footprint of lithium tenure near that project. And we suspect MinRes needs it

• Matty Warder’s (aka The Coal Trader) substack on the Peabody x Anglo coal assets deal (Coal Trader)

• A short-report is doing the rounds on nuclear enrichment company, ASP Isotopes (Fuzzy Panda Research) “Failed Tech + Paid Stock Promotion + Microcap Fraudsters (Honig & Stetson) = Nuclear Meltdown”

• How a mother-in-law helped keep Nickel Industries afloat (AFR)

• October Fund Performance (MrQuick Substack) Review of all Aussie funds

• Exploration to awaken sleeper Barrick? (MiningNews)

• MinRes’ Chris Ellison cuts and runs (AFR Rear Window)

• Zambia’s Copper Renaissance (Massif Capital)

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