• Former MinRes chair Peter Wade failed to disclose a 10-year tax evasion scheme established by Chris Ellison that enriched them while costing shareholders (AFR)

• More than $1b has been wiped off the market value of MinRes as its shares were pummelled in the wake of founder & boss Chris Ellison’s admission to a “serious lapse of judgment” (West) MINs trading down another 4% this morning

• Global smelting activity picked up in September, with China leading the way (MiningNews)

• BHP is “cynically & doggedly” shirking responsibility for the Samarco dam disaster according to allegations aired in court (AFR)

• WA’s workplace safety regulator WorkSafe has initiated legal action against WA miners over work fatalities (BN)

• Saudi Aramco is bullish on China’s oil consumption after the government introduced a raft of stimulus measures (Bloomberg)

• Court told that Fortescue allegedly destroyed nearly 250 Aboriginal heritage sites within the Solomon Hub mine footprint (BN)

• Prices of iron ore futures rose as near-term demand remained firm and the latest rate cut in top consumer China lifted sentiment (Reuters)

• Domestic gas users should be prioritised as east coast shortfalls loom: BlueScope (Australian)

• China will account for less than half of global steel consumption in 2024 for the first time in 6 years (Bloomberg)

• Expanding coal mines and reaching net zero? Tanya Plibersek seems to believe both are possible (The Conversation) now compare that to Javier Blas’ latest column in Bloomberg titled “The Energy Transition Is Powered By — Wait for It — Coal”

• Energy executives say the development of nuclear power in Australia will be too slow to replace ageing coal-fired power plants (AFR)

• The usual suspects are named as potential buyers of a stake in MinRes’ Perth Basin: Hancock, Beach & Mitsui or a wild card being Strike Energy (Australian)

• Sanjeev Gupta attempts to raise more debt for Whyalla operations (AFR)

• Lithium Energy advised the completion of the sale of its interest in the Solaroz lithium brine project in Argentina to CNNET has been extended by 60 days to satisfy remaining conditions (LEL)

• Dataroom reported that MinRes could be forced to raise up to $2b of equity should their rot continue (Australian)

• Aris Mining announced the launch of a US$400m senior notes offering to fund the redemption of its outstanding notes and working capital (ARIS.TSX)

• Cannindah raised $5m to drill the Mt Cannindah copper gold project in Queensland and test nearby IP anomalies (CAE)

• Elevate Uranium announced a $25m cap raise to further Koppies (EL8)

• AuMEGA announced a C$16.3m raise, with B2Gold chipping in (AAM)

• Tolu Minerals is in trading halt pending a capital raising (TOK)

• We've done our fair share of speculating on which deal we're likely to see Regis embark on next. So why not continue...

• Word on the decline is Regis' commentary on the potential of going to North America is rather loose compared to the "definitely not going there" other miners respond with.

• We wouldn't be surprised if management is warming to an opportunity over the ditch. We doubt the market would be supportive of a full change of control. But what about a strategic placement instead?

• The Koala’s visit to Goma and the Bisie Tin mine (Substack) interesting way to think of the “jurisdictional risk” of North Kivu, DRC

• Dryblower reckons the sky’s the limit as middle America rushes into gold (MiningNews)

• Former poddie guest Guy Keller from Tribeca provided a great overview of the current nuclear energy situation (JMM) Watch from 3:30

• September quarter fund performance (MrQuick) Review of Aussie fund performance

• BHP and Rio Tinto are heading in different directions (Economist)

• Praetorian Capital Q3 Fund Letter - Commentary on precious’, uranium & an alternative way to play commodities

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