• Credit rating agency Fitch has downgraded MinRes as its debt and costs soar (AFR)

• Victoria is likely to have to burn coal for longer, endure a gas shortage and suffer delays in developing renewable energy projects, a report from an independent agency engaged by the state Labor gov’t has found (Australian)

• U.S. President Trump's administration and Ukraine plan to sign a minerals deal that fell through after a disastrous Oval Office meeting on Friday (Reuters)

• Morgan Stanley capitulated on its recent call for investors to dive back into the beaten-up lithium sector after another surge in supply collided with demand concerns (AFR)

• The EU is debating support for its steel industry as U.S. tariffs loom and China floods the market (Reuters)

• The copper smelting industry is under growing pressure as plants around the world struggle to compete with the scores of newer factories in China offering cheap production (FT)

• Dalian iron ore futures slid for a 7^th consecutive session on Tuesday as fresh U.S. tariffs on top consumer China kicked in (Reuters)

• Two small shareholders are suing collapsed cobalt miner Jervois in a Texas court in a last-ditch bid to halt a bankruptcy that will erase hundreds of millions in investor capital (AFR)

• South Africa’s biggest gold producer, Harmony, will fund the construction of the Eva copper mine in Australia using its own cash, targeting 60ktpa, with expectations capex will come in above the initial $600m estimate (Reuters)

• South Africa's Harmony Gold reported a 33% jump in first half profit on Tuesday, driven by the gold price rally (Reuters)

• PDAC 2025: BHP’s Mike Henry hails US’ “can do” attitude as he used his keynote speech to warn Canada & Australia over complacency (MNN)

• Automaker Stellantis said it welcomed the European Commission's announcement that it would propose a softening of the bloc's carbon emission targets for cars (Reuters)

• Australia’s only hard rock phosphate producer Centrex appoint administrators (MNN)

• First round bids are in for EMR Capital’s $2bn Ravenswood gold mine, with Regis believed to be among the line-up, plus United Tractors from Indonesia, Zhaojin & Chifeng as well as some Canadian miners (Australian)

• Marvel Gold entered into a new binding term sheet with Anchises Capital to sell its interests in the Tabakorole & Yanfolila gold projects in Mali for $1.65m (MVL) Previous deal with PMCE didn’t proceed due to developments in Mali

• Antipa advised that Newmont elected to withdraw from the Wilki project farm-in agreement, with Antipa to retain 100% ownership & resume project management (AZY) Largely expected given Newmont’s recent Paterson asset sales

• New Gold launched a US$400m offering of senior notes which it will use in conjunction with its cash reserves to purchase all outstanding senior 7.5% notes due 2027 (NGD.TO)

• Antipa entered a trading halt, with limited info provided (AZY)

• New World Resources have entered a trading halt to raise capital (NWC)

• Hillgrove is undertaking a $16m capital raise at 3.5c (HGO)

• Black Rock Mining has received firm commitments on its $5m placement (BKT)

• It’s rare that we get any rumours about what Hancock House is up to, Gina runs a tight ship. But apparently Hancock is eyeing off a chunky investment in the United States on the back of Trump’s America First investment policy which offers a fast-track review of foreign investment from allies and expedites environmental reviews for any investment over $1 billion in the United States..

• China Belt and Road Initiative Investment Report 2024 - A great summary of Chinese overseas spend, as discussed on yesterday’s show

• Strictly Boardroom on the lithium premiership years - 2022 and 2023 (MNN)

• Beijing’s deflation dilemma: Falling prices signal bigger troubles ahead for China’s economy (Associated Press)

• Gina Rinehart’s advice for women in mining (MNN)

• US Treasury Secretary Bessent on Debt, DOGE, Dollar, and Musk (Bloomberg TV)

• The Coal Trader’s research on Whitehaven Coal

• Tariff implications for rare earths (Rare Earth Observer)

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