• Chris Ellison & Tim Roberts purchased hundreds of thousands of dollars worth of mining equipment from MinRes at significant discounts to market rates (AFR)

• BHP pushed back against law firm Pogust Goodhead’s claim that the miner could be on the hook for up to $70b if it loses the English class action (AFR)

• Fortescue failed to carry the momentum from a strong finish to last financial year through to the first quarter of FY25, with shipments down sharply (West)

• Tesla delivered a blowout quarter as EV demand rebounds, while Musk laid out bold ambitions for 2025 (Bloomberg) The stock jumped 12%

• There’s no guarantee of cheaper bills after the energy transition, AEMO’s chief has said (Australian)

• Evolution boss Jake Klein said Australia has “lost the ability to think” in criticism of the McPhillamys snub (West)

• Gold firmed while palladium jumped 8% to a near 10-month peak on fears of supply sanctions on top-producer Russia (Reuters)

• Gold miners crippled by costs risk losing out on bullion’s boom (Bloomberg)

• Nuclear is 15 years away in Australia, the national regulator has insisted, while the Coalition rejected this timetable (Australian)

• The US approved construction of Rhyolite Ridge & extended tax breaks to some miners as part of its strategy to break Chinese critical minerals dominance (FT)

• Zinc surged to a 20-month intraday high as major producer Teck Resources lowered output targets following a fire at its Canadian smelter (Bloomberg)

• Albemarle’s battery-grade lithium carbonate fetched 72,700 Yuan/t at an auction this week, for 150t of lithium carbonate (SMM)

• Newmont’s Q3 earnings were a “sizeable miss”, according to RBC, with its all-in sustaining cost 11% higher than estimates (CB)

• 2,400 MW nuclear power plant nears completion to supercharge Bangladesh’s power grid (Interesting Engineering)

• Chinese coal importers are looking to reduce shipments after they lost money on the trade this year (Bloomberg)

• Private Queensland phosphate developer, North West Phosphate, has agreed to a JV with Sibanye to repurpose Century mine and infrastructure including the slurry pipeline and Port of Kurumba

• Metals X made an unsolicited approach to acquire Greentech Technology, which holds an 82% interest in YT Parksong, MLX’s Renison tin mine JV partner (MLX) love a bear hug

• Eramet will buy back Tsingshan’s 49.9% stake in Eramine Sudamerica assets, stating it’ll have a US$699m net cash impact, without giving further details (Bloomberg)

• Panoramic executed the DOCA proposal with Zeta Resources, which creditors approved earlier this month (FTI)

• Antipa reported the completion of the sale of its Citadel JV interest to Rio for $17m (AZY)

• Horizon & Poseidon shared merger transaction docs, with Horizon additionally receiving firm commitments for a $14m placement. Each POS shareholder will receive 0.1156 HRZ shares for each POS share held (HRZ)

• Javelin to acquire the Eureka gold mine from Delta Lithium for upfront consideration of $3m cash & shares plus $1m deferred consideration shares (JAV)

• Montage Gold secured a US$825m financing package from Wheaton Precious Metals and Zijin to fund the development of its Koné gold project in Côte d’Ivoire (MAU.TSXV) According to its 2024 feasibility study, Koné is set to be a +300kozpa producer (Yrs 1-8) with a 16-year mine life

• Talga has been awarded an EU innovation fund grant for its Luleå Anode Refinery, after applying for a €70m grant. It now enters the ‘grant preparation’ phase to formalise documentation, with signing expected in Q1 2025 (TLG)

• West Red Lake Gold announced the closing of a C$29m bought deal (WRLG.T)

• Indiana Resources is in trading halt in relation to expected receipt of US$25m, the second instalment of settlement funds from Tanzania (IDA)

• Black Cat is in a trading halt to raise capital to fund expansion and acceleration of its projects (BC8)

• Atlantic Lithium announced a $9m placement (A11)

• Firefly increased its SPP to $8m (FFM)

• Word on the Decline… We heard whispers that Ramelius’ team is doing due diligence on acquiring one of Westgold’s assets. Which one? We genuinely don’t know…

• The Murchison is already too long infrastructure and it wouldn’t make sense to pick up another mill there. Especially while you’re sitting with a blocking stake in another company that has an unused mill too (Spartan)

• So could it be the Lakewood mill where tailings capacity is limited to only 7 more years? Is it possible to move the mill closer to Rebecca / Roe? We are just spitballing ourselves here. Any ideas?

• The world’s second-most used material needs a makeover (Bloomberg)

• Gina Rinehart in her own words: the exec chair of Hancock Prospecting opens up on the leaders and traits she admires the most (Nightly)

• Chris Ellison, hubris? That’s for someone else (AFR)

• China’s CATL Unveils Battery Designed for Hybrid Vehicles (Bloomberg)

• Exploring an underground mine (Aaron Witt YouTube)

• Stan Druckenmiller on Fed policy, election, bonds, Nvidia (YouTube)

• Warren Buffett loves stocks with wide moats. But his own is narrowing (AFR)

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