• BHP’s climate plan divides shareholders ahead of AGM, with some shareholders unconvinced (CB)

• Paladin’s $1.5b uranium deal with Fission has been slowed by a national security probe (AFR)

• Zimbabwe’s poor infrastructure and policy inconsistencies are worsening the impact of depressed lithium prices on producers (Mining.com)

• A spat between two wealthy South Korean families over the future of a $11b

  zinc empire has intensified (Bloomberg)

• Super pit development at Barrick’s $2b Lumwana copper mine expansion in Zambia officially launched (Mining.com)

• Chinese shares listed in Hong Kong jumped the most in almost two years, extending their stimulus-induced euphoria (Bloomberg)

• Mine or money pit? Dartbrook coal believers stump up again (AFR)

• Chinese firms' overseas investments in clean energy technology projects have exceeded US$100b since the start of 2023, Australia’s CEF said (Reuters)

• Oil prices jumped more than 2% as Middle East tensions escalate (Reuters)

• TotalEnergies said it would invest US$10.5b in a large offshore oil & gas field in Suriname (WSJ)

• Gold fell following an early surge, with markets awaiting the potential next steps in an expanding Middle East conflict (Bloomberg)

• A battle is brewing in Bundaberg over plans for a coal mine, with the project proponents planning to appeal a rejection by the QLD government (Australian)

• The Saudi oil minister said that prices could drop to as low as US$50/b if so-called cheaters within OPEC+ don’t stick to agreed-upon production limits (WSJ)

• Battle brewing over Fox Resources’ plan for coking coal mine in Bundaberg (Australian)

• Ganfeng is apparently the seller of a monster $271m line of stock in Pilbara Minerals being shopped yesterday evening (AFR)

• Australian gas supplier Santos said on Wednesday that it has signed a mid-term LNG supply contract with TotalEnergies (Reuters)

• Vale and Brazillian state-owned development bank BNDES will create a $184m strategic minerals fund (Reuters)

• Paladin’s $1.5b uranium deal slowed by national security probe (AFR)

• Yorbeau Resources sells Rouyn gold project for C$18.5 million (Mining.com)

• Australian Pacific Coal announced an enhanced funding package for its Dartbrook JV and launched a $20m equity raise (AQC) senior debt facility with Vitol also upsized from US$60m to US$90m and the cursed “fully funded” words have been penned

• Following Frontier Energy not being assigned capacity credits at the Waroona renewable project, it’s agreed to terminate the tranche 2 obligations from its August placement (FHE)

• Challenger Gold executed a binding term sheet for a $6.6m strategic placement and tolling agreement to process gold from its Hualilan project by 2025 (CEL)

• American West Metals has been suspended from quotation as it “finalises, plans and executes” a capital raising (AW1) despite a 2 day trading halt already, we don’t think a term sheet has been sent out..

• We heard some rumours about the potential that Australia’s Future Fund will be backing the establishment of a government strategic metals fund that would have the ability to underwrite the offtakes of critical metals (rare earths?) projects… If true, sounds like a genius allocation of capital… Not.

• Like it or not, miners are still a China proxy (FT’s Lex)

• Returning to Corvette / Shaakichiuwaanaan: Second Visit Presents Second Opportunity (Yellow Lab Life Capital - also known as The Koala)

• China’s Fast-Growing Copper Champion Is Reshaping Global Metal Supply (Bloomberg)

• Why investment legend Chris Mackay says ‘it’s a dangerous time’ (AFR’s Chanticleer)

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