• Canada is making it harder for foreign firms to acquire domestic miners by imposing measures to protect targets from global rivals (Bloomberg)

• An Avebury sale deal thought to be for less than previous offers should be investigated & blocked, a big shareholder has told FIRB (Advocate)

• FMG made no apologies and is standing by its allegations of “industrial-scale misuse” of its work on green iron under spying revelations (AFR)

• China’s central bank didn’t buy any gold for a second month in June, as the precious metal edged lower from a record high (Bloomberg)

• A key measure of Chinese copper demand returned to positive territory for the first time in two months as users upped purchases (Bloomberg)

• Disruptions at two major coal mines have heightened concerns about insufficient supply at a time of growing demand (AFR)

• GoviEx, a company that mines in Niger, plunged after reporting that the nation’s military leaders withdrew its permit (Bloomberg)

• Clive Palmer said Chinese conglomerate CITIC is in breach of contract by denying him access to a magnetite mining operation in WA (AFR)

• Teck’s shares jumped the most since April on plans to cut debt & return cash from proceeds of its steelmaking coal sale (Bloomberg)

• Vedanta said it arranged the financing needed to start paying creditors of its Konkola Mines as it takes steps to revive operations (Reuters)

• Groups pushing the US to revive & expand the long-dormant Bureau of Mines, to streamline how minerals production is regulated (Reuters)

• India’s central bank probably increased its gold reserves by the most in almost two years last month (Mining.com)

• China’s MMG has halted operations at a mill at its Dugald River zinc mine for about two months of repair work (Mining.com)

• Rex Minerals entered a scheme deed with MACH, who’ve agreed to pay 47c/share for shares it doesn’t already own, implying a $393m equity value or a 79% premium to the 30-day VWAP (RXM)

• Street Talk suggests that Anglo American still intends to launch the sale process of its Bowen Basin coal assets despite the Grosvenor fire

• Hanking has agreed to sell its Mt Bundy gold project in the Northern Territory to Huineng for A$300 million (Hanking)

• French miner Eramet is exploring a partnership with Zhejiang Huayou Cobalt to produce battery-grade nickel in Indonesia (Bloomberg)

• Bowen Coking Coal completed the sale of 10% of Broadmeadow East for $13m in cash to Formosa Group, with $7m going to pay down debt (BCB)

• Magnetite Mines & JFE Shoji announced a non-binding agreement to negotiate study funding & offtakes for the Razorback iron ore project (MGT)

• Hastings is in a trading halt regarding a share placement (HAS)

• KGL Resources is looking to raise $15m via an entitlement offer (KGL)

• Platina received its first milestone payment of $6m from the sale of the Platinum Scandium project, adding to the $11m already received (PGM)

• Dateline Resources has expanded its rights issue to ~$6m (DTR)

• Larvotto is raising $5m via a placement (LRV)

• Last week a senate inquiry in Australia dealt a scathing blow to our securities regulator down under, ASIC

• The report rips into the regulator, ultimately recommending it is abolished and replaced with two separate bodies. There were some punchy statements from the senator too

• If you trace back the origins of the senate inquiry, one of the primary complainants pressed particularly hard about a case of missing bullion at one of Australia’s major gold bullion dealers. ASIC’s heads were questioned specifically about this but the name of the company has never surfaced publicly…

• Here’s a great long-form interview with author Michael Lewis, writer of The Big Short, Liar’s Poker & Flash Boys (to name just a few)

• PGMs: An Asymmetric Setup (Substack) Given the depressed levels of PGM equities, it’s worthwhile exploring the opportunity

• A deep dive into solar, underlining just how rapid its rise has been, and how influential it will be going forward (Handmers)

• A book worth reading - Argyle by Stuart Kells - covering the discovery of the Argyle Diamond mine in the Kimberley in great detail

• Coal power use resurged this quarter, recording its first year-on-year growth in almost a decade amid a wind “drought” (AFR)

• Turkey will soon unveil an agreement with BYD to construct a $1b plant, officials said, boosting the carmaker’s presence in Europe (Bloomberg)

• Ever wanted to understand MinRes? In this episode of Business Breakdowns, Fraser Christie of TDM Growth Partners explains it

• Battery maker SK On has declared itself in crisis as its customers struggle with disappointing EV sales in Europe and the US (FT)

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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.