• Whitehaven boss Paul Flynn accused the Albanese government of stoking inflation as WHC failed to meet its unit cost target (AFR)

• The resources industry is bracing for more job cuts amid concerns weaker iron ore prices could add to nickel & lithium woes (AFR)

• Zambia asked miners to double their power-saving efforts to 40% of normal demand, as a drought saps hydro generation (Bloomberg)

• Two WA goldies had a notable win over the state’s Valuer-General after the Supreme Court criticised how mining leases have been valued (BN)

• The global use of coal is expected to rise this year, while nuclear power is expected to hit records in 2025, the IEA reported (The Australian)

• Funds wagers in gold jumped to the highest level in four years, signalling investor concerns around rate cuts & elections (Bloomberg)

• The governor of the DRC’s South Kivu province suspended all mining activities & ordered companies & operators to leave mine sites (Reuters)

• Shares in Swedish miner Boliden fell 9% on its Q2 earnings on Friday, with quarterly earnings 10% below broker consensus estimates (MW)

• Serbia and the European Union signed a framework agreement on providing critical raw materials across the bloc (Bloomberg)

• Drama continues to surround FMG as The Australian writes about the private investogators hired by the major to investigate former employees

• A 7.4 magnitude earthquake hit Chile, close to copper & lithium mines. Fortunately, there’s been no reported injuries or major damage (ABC)

• Saudi Arabia is visiting Brazil and Chile to look for mining diversification opportunities (Mining.com)

• Woodside to acquire US LNG company Tellurian, and it’s subsidiary Driftwood LNG for $900m cash (WDS)

• Suitors scramble to get across Anglo’s Queensland coal auction (AFR)

• Highfield Resources signed a non-binding LoI with Yankuang Energy & strategic investors for US$220m for its Muga potash project (HFR)

• The board of Sierra Rutile has recommended cash offer of 18c per share from Leonoil implying a A$76.4 million equity value (SRX)

• Alumina will be removed from the ASX200 prior to trading on Wednesday, July 24^th as its takeover approaches completion (AWC)

• Vedanta Resources paid about US$246m to creditors to regain control of the Konkola Copper Mines in Zambia (Bloomberg)

• GEAR has secured $850 million to acquire Illawarra met coal from South32 at SOFR+8.5% (Reuters)

• Karora shareholders voted in favour of the tie up with Westgold last Friday. The final court hearing is this Wednesday (WGX)

• New gold explorer Ordell Minerals commenced trading last Friday after raising $6m in its IPO (ORD)

• Jervois is in halt this morning pending an announcement in relation to the US$100 million 12.5% ICO bonds guaranteed by the company (JRV)

• Lion One upsized its placement to $10 million (LIO.V)

• Peak Rare Earths has been placed in a trading halt pending details of funding for its Ngualla rare earth project (PEK)

• Remember Bannerman’s $85 million placement to advance its Etango uranium project in Namibia last month? The first bank listed on the ticket was JP Morgan - a name that doesn't feature on too many equity raises in the Aussie-listed mining space. Instead, the US investment bank focuses on its fair share of advisory work in the sector. So naturally we wonder if JPM has really been pulled in on defense for the company?

• “The Big Post on Niobium” by Emanuel Datt (Datt’s Substack)

• “Rare Earth Elements: The Futile Fight Against China”, a podcast by The Red Line (Spotify, Apple) A worth listen from a great history/econ pod

• Copper miners predict industry overhaul as end users rush to secure supply (FT)

• Chinese wind turbine makers clinched their first order in Germany, as they build momentum in the EU and add to European concern (Reuters)

• “Australia needs gas for firming, or coal will continue for longer” (Op-ed in The Australian by Richard Wrightson)

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All information in this newsletter is for education and entertainment purposes only and is of general nature only. The hosts of Money of Mine are not financial professionals. Money of Mine are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional, along with considering any relevant Product Disclosure Statement. Money of Mine does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. Money of Mine strives to ensure the accuracy and currency of the information contained in this newsletter but we do not make any representation or warranty that it is accurate, reliable or up to date. Any views expressed by the hosts of Money of Mine are their opinion only and may contain forward looking statements that may not eventuate. Money of Mine will not accept any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of information in this newsletter.