• Liontown switched out $550m worth of bank & government debt for a $379m deal with battery maker & offtake partner LG Energy (West)

• Liontown turned heads by not just agreeing on new funding with LG Energy but also looking at building a downstream facility (AFR)

• A fire at Grosvenor is expected to impact global met coal supply, with the operation potentially facing permanent closure (The Australian)

• Paladin CEO Ian Purdy spoke with the West to promote the company’s Fission Energy deal, underlining the strategic fit the companies assets

• Rio is negotiating with Oyu Tolgoi workers in Mongolia to avert further industrial action over a drop in wages that triggered a strike (Reuters)

• Squadron Energy said its LNG import terminal (Port Kembla) could be fast-tracked to plug looming East Coast gas shortages (The Australian)

• Anglo is considering options to push ahead with a sale of its coal business after an explosion at its flagship Australian mine (Bloomberg)

• Brokers warned that the plunge in lithium is not yet baked into stock prices, spelling more trouble for the ASX’s worst performers (AFR)

• ArcelorMittal's South African division said it’d decided against shutting its steel plant & was working on viability plans (Reuters)

• The DRC’s state miner has started selling its share of copper from JV projects for the first time as it seeks greater control (Bloomberg)

• Ivanhoe will sell the zinc it produces from the restarted Kipushi mine in the DRC to Trafigura and China’s Citic Metal (Bloomberg)

• Rio Tinto will tip in a further $18.5m into Sovereign Metals via the exercise of options, increasing its shareholding to 19.76% (SVM)

• Base Resources has received approval from the Competition Authority of Kenya in relation to the merger with Energy Fuels (BSE)

• BCI Minerals completed the sale of Iron Valley to MinRes (BCI)

• Ramelius has been confirmed as the buyer of 100m Spartan shares, taking their stake to ~18% (SPR) This has escalated quickly….

  

• Ramelius entered a new 4-year, $175m revolving debt facility with a syndicate of banks. It replaces the previous $100m facility (RMS)

• West African raised $120m to expand the scope of their Kiaka development (WAF)

We should set the record straight on the likelihood of Ramelius lobbing a bid for Spartan in the near term. We'd previously mentioned that a bid would be out of the picture for four months, based on the wording in the share swoop via Citi. We now think that's incorrect (thanks Ben Bailey)

Now throw in the new debt facility announced today. It could be show time.

• “FMG’s Great Native Title Swindle” is a look into the over-decade-old town hall negotiations between FMG & the Yindjibarndi community

• 7 parts to the BBC & CBC’s podcast series on the Bre-X fraud have been released, which goes into great detail on mining’s biggest scam (Spotify, Apple Pods)

• On track to become our most viewed episode was our interview with Mike Alkin of Sachem Cove. The uranium market expert was the subject of another interview in the last day, also worth listening to

• Shell has temporarily paused construction of a biofuels plant in the Netherlands to seek ways to cut the cost of the project (Bloomberg)

• From solar power to 5G, China has transformed into a science and technology superpower - How does China innovate? (Four Corners)

• A huge gap has opened up among China’s EV stocks with BYD beating all comers due to its latest technological rollout (Bloomberg)

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