• Meta is releasing RFPs to identify nuclear energy developers to meet their AI innovation and sustainability objectives (Meta) Targeting 1-4GW of new nuclear generation capacity in the US

• Ivanhoe’s Robert Friedland blasts “idiotic” UK politicians, “five-year energy transition is a dream” (MiningNews)

• Rio Tinto says it will grow copper volumes by 18% next year and 40% by 2030 to reduce its reliance on Australian iron ore (AFR)

• Mitsubishi said it had suffered a loss of more than $90m in China after uncovering suspected fraud by one of its copper traders (Bloomberg)

• MinRes lawyers have altered a gag order slapped on a former executive so that board directors can obtain independent legal advice and regulators can access previously confidential documents (AFR)

• Activist investor Palliser again demanded Rio scrap its primary London listing and unify its corporate structure in Australia, saying that shareholders have already lost an estimated $50b in value due to the dual structure (Reuters)

• Rio CEO Jakob Stausholm has rejected fresh calls to unify the miner’s dual-company structure and hinted he might go the other way (AFR)

• Freeport Indonesia said it was aiming to get the copper miner's new Manyar smelter in East Java province repaired within six months (Reuters)

• The abrupt halting of rare mineral exports to the US by officials in China helped push the share price of Australian producers sharply higher (AFR)

• NexGen said it had signed its first agreements with U.S. utility companies to supply 5m pounds of the nuclear fuel (Reuters)

• The state gov’t is looking to develop an evidence base to underpin “a renewable hydrogen strategy”, saying this is different to its Hydrogen Jobs Plan (Australian)

• Rio Tinto wants to avoid creating tension between Australia and China in finding a way forward to launch buybacks (Australian)

• Cyprium rejected a non-binding cash offer from private equity group Appian for 3.5cps deeming it not reflective of its value (CYM)

• Iamgold repurchased a 9.7% interest in the Cote gold mine in Ontario, Canada from Sumitomo, returning to its 70% interest in the mine (MiningNews)

• Latin Resources reported that certain precedent conditions, including exploitation rights have been approved (LRS)

• Novo sold 38% of its shareholding in San Cristobal Mining, grossing the company $11.5m, while implying a $19m on its remaining holding (NVO)

• Challenger Gold signed a deal with Austral to process material from Hualilan over a 3-year term, paying US$3m plus a monthly US$110k & incentive fees (CEL)

• Mayur signed a binding term sheet agreement with PacUn for phase 1 development of the Orokolo Bay Industrial Sands project in PNG (MRL)

• Spartan raised $220m for a Dalgaranga restart, with a feasibility study due mid-2025 (SPR) Ramelius confirmed participation, lifting its stake to 19.9% (RMS)

• 29M completed a raise of $154m from a placement and insto entitlement offer at 27c, with a $26m retail entitlement offer underway (29M)

• Larvotto completed a $30m equity raising (LRV)

• Here’s a logical deal theory borrowed from Vukasin. Barrick should buy KAZ Minerals. The Kazakh miner operates two large porphyries that are in the lowest cost quartile. Barrick is unafraid of exotic locations. Whatdya think?

• After Northvolt’s failure, who will make Europe’s EV batteries? (Economist)

• Tony Blair Institute says global carbon emissions would be 6% lower if not for “inaccurate narrative” against nuclear power since Chernobyl (Guardian)

• Finland’s nuclear energy waste “tomb” set to be sealed off to humans in 2025 (The Sun)

• MinRes senior lawyers reach for the lifeboat (AFR’s Rear Window)

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