• Chris Ellison revealed the suitors exploring an acquisition of a 49% stake in Mineral Resources’ Onslow iron haul road are “in the price range” they were looking for, and that the sale would happen this quarter (The Australian)

• Leo Lithium boss said ASX African plays can still succeed, despite Mali pain (The Australian)

• ANZ revealed it will now only fund new oil and gas extraction projects in the event of a national emergency (The Australian)

• Piedmont Lithium wins US state mining permit after posting a $1m reclamation bond to develop an open-pit mine that will become one of the largest US sources of lithium (Reuters)

• Dual listed Arcadium Lithium says its first full quarter since its creation delivered a “solid” performance and it can only see better days ahead as lithium prices have started to recover (MiningNews)

• WesCEF is taking a long term view with it Covalent Lithium joint venture, awaiting regulatory approvals to double the production capacity of the mine and concentrator before FID with refinery expansion to be considered post commissioning (MiningNews)

• Chris Ellison told a packed Macquarie Australia Conference that Mineral Resources will start its own airline and set up a $20-a-day childcare centre at its head office in a bid to recruit more women to the miner’s workforce (The West)

• Critical minerals targeted as Australia boosts resource hunt, with government to spend $566m on exploration over the coming decade (Bloomberg)

• Stockbroker Angus Aitken said the next chief executive of BHP could be left with a “complete mess” if the company acquires Anglo American in the belief it can subsequently sell the non-core assets at good prices (AFR)

• BHP insists Anglo American’s South African assets must go in any takeover (Reuters)

• Amid BHP’s approach for Anglo American, Barrick chief says M&A will not help with looming copper shortage (FT)

• Pilbara Minerals boss Dale Henderson could crack $1.8b war chest for the right deal: “We’re in no rush, and we won’t grow for growth’s sake. But if there’s a great opportunity…where we can create some great value for our shareholders we’re up for it” (The West)

• NexGen entered into a binding term sheet with MMCap International for the purchase of c. 2.7Mlb natural uranium concentrate for US$250m, in exchange for a unsecured convertible debenture. The TSX reaction to this news wiped off almost 3x the value of the convertible off the market cap…we think this says it all (NXG)

• Southern Cross Gold completed their non-renounceable rights issue, which had approximately 91% take up by shareholders (SXG)

• China’s dealers ditch foreign-branded petrol cars for homegrown EVs (FT)

Disclaimer

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