• The chief of Gold Road accused Gold Fields of lying, withholding information about the mine the two companies share, & labelled the South African giant “at best a bumbling JV partner” (West)

• There’s “no compelling reason” to support Rio Tinto dual-listed structure unification, according to ACSI (AFR)

• Governments should nationalise smelters to compete with China, says Trafigura, with its Nyrstar zinc & lead smelter now under review (FT)

• Trafigura US$1.1bn loss in a suspected multi-year fraud in Mongolia was a “humbling experience,” the trading giant’s new chief said in his first public comments on the scandal (Bloomberg)

• Authorities in the autonomous Wa region of Myanmar are preparing to announce the immediate lifting of the mining ban imposed in August 2023, allowing tin production to resume (ITA)

• Copper prices on New York surged to a record as traders factored in the possibility that Trump may impose import tariffs on the metal (Mining.com)

• Rio is set to emerge as the biggest beneficiary of the govt’s earmarking more than $3b towards the production of “Australian-made green metals, like aluminium and iron” (West)

• Small explorers were overlooked in the budget after the Treasurer failed to extend a tax incentive for mineral exploration that had provided $182m in benefits over the past 7 years (AFR)

• Glencore's Cerrejon is set to reduce Colombia coal output by as much as 10Mt annually, as low prices & higher transport costs hit its profitability (Reuters)

• Cleveland-Cliffs said it’ll temporarily idle facilities at a Michigan steel plant & issue layoff notices to 600 employees amid weak US auto demand (Bloomberg)

• Buenaventura, one of Peru's largest miners, signed a water concession with the gov’t in a bid to unlock development of the Algarrobo copper project (Reuters)

• Montage Gold will take a 19.9% stake in African Gold, via placement and a share swap (MAU.V, A1G) the 19.9% stake includes 2.3% to “Montage insiders” paying $866k for shares in African Gold… 

• Gold Road, Gold Fields reject rival takeover bids, De Grey deal could be collateral damage in tit-for-tat battle for control of Gruyere (MNN), while Gold Road chief slams “hostile” approach (BN)

• Gold fever brings open-pit M&A warfare, beware investors (AFR’s Chanticleer)

• Anglo has reportedly begun initial talks with banks about listing its De Beers unit, as the company looks to move ahead with the final and most difficult piece of its restructuring (Bloomberg)

• Bathurst Resources received firm commitments to raise $34.4m via a placement to fund the advancement of their Buller and Tenas met coal projects (BRL)

• Soverign Metals wrapped up a $40m raise at 85c (SVM) no mention of Rio participation..

• Sanu Gold announced a C$12m @ C28c placement, with both Montage & the Lundin’s maintaing their pro rata equity interests at 19.9% & 10% (SANU.CSE)

• Abitibi Metals agreed a bought deal to raise C$10m (AMQ.CSE)

• If this SEEK ad is anything to go by, it appears Metals X is marching ahead with its Rentails project…

• The more interesting thing with Metals X remains the status of its bid for HK-listed Greentech which has a 41% interest in Renison itself. Our read of the situation is that there’s simply a waiting game for Greentech to get its accounts in order for MLX to even be able to conduct financial DD (and Greentech to meet its own re-listing compliance)

• We’ll watch and wait with eager eyes

• Strictly Boardroom: Hi Ho silver lining (MNN)

• “Gone ballistic”: Soaring gold price revives mothballed mines (AFR) Highlighting what a soaring gold prices does to local towns

• The great distraction: why a DRC minerals-security deal is unlikely (MNN)

• Aussie small caps market - key investment themes from the March 2025 quarter (Livewire)

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