• Good omen for goldies as Evolution Mining smashes profit record in results curtain raiser (West)

• The latest attempt to resume negotiations between BHP and striking Chilean copper miners has broken down (Bloomberg)

• Chinese steelmaker Baowu warned of a “long & harsh winter” ahead for the steel industry putting Australian iron ore miners on notice (AFR)

• BHP said it had started removing workers on strike at its Escondida copper mine in Chile, deepening tensions at the site (Reuters)

• South32 is touted as an interested party for a stake in Rio’s Winu copper-gold project (West)

• The Yukon to place Victoria Gold Corp into receivership after a major landslide and cyanide spill (Bloomberg)

• Illegal mining soars near First Quantum’s idled Panama copper mine (Mining.com)

• China’s steel industry is facing a crisis more serious than the downturns of 2008 and 2015, the world’s biggest producer warned (Bloomberg)

• Zijin fires back at Canada on its national security reach when reviewing mining investments (MiningNews)

• The world’s biggest steel producer Baowu warns of “severe” industry crisis, expected to be worse than the downturns of 2008 and 2015 (West)

• A leading Chinese commodity trader embroiled in the collapse of Jiangsu won credit backing from banks worth over $6b (Bloomberg)

• Westgold increases Bluebird mine capacity, gold reserves (CB)

• China’s embrace of clean energy means gasoline sales are no longer getting their usual bump from holiday travel (Bloomberg)

• Kazakhstan is considering imposing taxes on exports of raw materials this year to help cover a budget shortfall (Bloomberg)

• The combined Pilbara/Latin entity will be 93.6% owned by PLS shareholders, giving them ownership of the Salinas project which sits at 78Mt @ 1.24% Li₂O. The Brazilian project currently sits at the PEA stage. The deal has approval of LRS’ biggest shareholder + board (PLS) What does this say about Canadian development stories?

• Perseus has taken a leaf out of the Ramelius playbook with a ~13.8% “strategic investment” in Predictive Discovery at 21cps, acquired from Jamie Boyton and other entities linked to the driller/investor (PRU)

  • Perseus also has an additional 3.45% economic interest in Predictive by way of cash-settled equity swaps

  • Perseus advised “no current intention” to acquire control or make a takeover offer for Predictive at this stage

• Sihayo Gold is officially off the ASX boards after its takeover by Provident completed (SIH)

• Galilee and Vintage Energy have signed a heads of agreement with terms for a merger via scheme of arrangement (GLL)

• According to Shortman, MinRes’ short position is the highest it’s been in 3 years, joining the top 20 most shorted stocks on the ASX

• A combination of an ultra depressed lithium price environment (6% spod now down to US$770/t), iron ore <US$100/t, worrying balance sheet dynamics and hitting a 12-month low share price has created the “perfect” storm

• We eagerly await Mr Ellison’s insights on the FY24 earnings call later this month. If the half yearly call was anything to go by, it should be a ripper!

• ASIC critics back the right of the regulator to capitalise on its wins (The Australian)

• Can unions be trusted not to turn back the clock on mine sites, or have they reformed? (West)

• Will America’s economy swing the election? (Economist)

• Not mining related, but we’ve been looking to take our interviewing up a notch, and hope one day we can produce entertainment like this Open Mike classic between Jacko & Mike Sheahan (Open Mike)

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