• WA fund manager Willy Packer said Australia has already crossed the Rubicon with nuclear power by using reactors at naval bases, suggesting base load power from reactors will come (The West)

• Anglo is paying the price for years of lacklustre performance, but its picks in copper mean suitors will continue to eye it (The Economist)

• Anglo CEO Duncan Wanblad met with South Africa’s mines minister, following similar BHP meetings. Anglo refused to comment (Reuters)

• South Africa’s antitrust regulator has warned it will have the last word on whether a takeover of Anglo by BHP can go ahead (FT)

• Northern Star has expanded its KCGM resource by 12%, including a maiden Fimiston underground resource totalling 800koz at 2.2g/t (The West)

• One of Australia’s largest industry super funds, HESTA, has given BHP its blessing in pursuing Anglo (AFR)

• BHP’s Anglo proposal has set off a frenzy in deal-making speculation, but Bloomberg writes that Rio and Glencore may be content picking off specific assets

• S&P Global said copper is due for a price cut in 2024, following a sharp uptick on the bad of supply shortfall and smelter challenges (The West)

• Brazil is expecting Vale’s next CEO to have closer relations with the government and regulators even after succession planning scrutiny (Bloomberg)

• Russian troops entered a base housing U.S. military personnel in Niger, following a decision by Niger to expel U.S. forces (Reuters). Stock in Global Atomic (TSX-listed) fell 8%.

• Boliden is set to reopen Europe’s largest zinc mine after securing a labour deal with the local unions (Bloomberg)

• Glencore is nearing a deal for Shell’s Singapore oil refinery business (Bloomberg)

• Europe’s biggest renewable energy business is looking to divest a 1.7gW portfolio of Australian assets in an auction (AFR)

• All conditions satisfied for Orion Minerals to complete first closing of the acquisition of a controlling interest in the Okiep Copper Project in the Northern Cape Province of South Africa (ORN)

• Hot Chili secured $24.9m funding via a private placement to accelerate development of their Costa Fuego copper-gold project in Chile, and will also offer shareholders the opportunity to participate in a SPP to raise up to $5m (HCH)

• Arizona Lithium signed a $10m at-the-market agreement for standby equity capital, valid until 2029 (AZL) If you didn’t already think this type of financing was questionable, you’d have to wonder why it was announced at 5:25pm on a Friday!

• Australian Strategic Minerals’ $5.2m entitlement offer opened today, following completion of a $15m institutional placement last month (ASM)

• Theta Gold Mines has secured US$10m through a two-tranche placement cornerstoned by existing shareholder Ruihua Investment Management (TGM)

• Word on the decline is that some sort of sinkhole has appeared near the TSF at Telfer. We’ve heard that the sale process for Telfer, being run by Macquarie, may still be at the starting blocks. Operations were temporarily ceased in early January after cracks in the tailings facility were reported. The cracked TSF is now starting to make sense.

• NSW’s former Energy Minister Matt Kean has argued that keeping Eraring coal power station going for an additional 4 years is a backwards step. It’s argued that the station’s reliability has waned given its age & now is the time to mark a line in the sand (The Australian)

• Biden’s final EV tax credit rules land, with a 2-year grace period for sourcing graphite from foreign entities of concern (POLITICO)

Were you forwarded this email from someone else?

Disclaimer

All information in this newsletter is for education and entertainment purposes only and is of general nature only. The hosts of Money of Mine are not financial professionals. Money of Mine are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional, along with considering any relevant Product Disclosure Statement. Money of Mine does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. Money of Mine strives to ensure the accuracy and currency of the information contained in this newsletter but we do not make any representation or warranty that it is accurate, reliable or up to date. Any views expressed by the hosts of Money of Mine are their opinion only and may contain forward looking statements that may not eventuate. Money of Mine will not accept any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of information in this newsletter.