The Pre-Start

• Hillgrove edged its monthly copper production to 589t at its Kanmantoo Project (HGO)

• Perseus advanced its takeover of OreCorp, reporting today that acceptances see it with 49.5% control (ORR)

• Stoping commenced for Ora Banda, with 7% dilution thus far and the ground performing well according to the company (OBM)

• Calidus produced 15koz in the March qtr (up from 12koz for Dec qtr) and repaid $8m of debt. $12m left in the kitty and 78koz left on the $2,367/oz hedge (CAI)

• Toro Energy bucks the trend of uranium developers, in a trading halt pending details of a demerger (TOE)

High Grade It

• Rio Tinto faces threat of divestment from 2.2% shareholder, Norges Bank, for environmental damage in the Amazon (Wall Street Journal)

• South32 is rumoured to also be at risk of divestment from the Norweigan sovereign wealth fund of their 2.2% stake (The Australian)

• Battery makers clash with graphite producers over tariffs on Chinese supply (S&P Global)

• A disagreement between QCoal founder Chris Wallin and the QLD government over a worker’s camp threatens to widen (The Australian)

• The cost of developing Regis Resources’ McPhillamys blew out to over $1b, potentially putting the project on indefinite hold (AFR)

• GEMCO, the world’s 2^nd biggest manganese mine which is majority-owned by South32, could be offline for months (S&P Global)

• Nick Bolton’s Keybridge Capital has asked the Takeovers Panel to block Vintage Energy’s capital raise amidst attempts to oust the board (The Australian)

• Low prices in China’s solar industry threaten to shakeout weaker players on the back of a year in which panel prices fell 42% (Reuters)

• Mining equipment hire business National Group has its eyes on the high-yield debt market while refinancing talks continue and an acquisition looms (AFR)

• Ford experienced a 7% uptick in US sales on the back of strong demand for their electric hybrid vehicles (Bloomberg)

• Peru’s government is looking to shore up support by announcing spending plans, with $4.6b and $8b allocated towards mining and public-private partnerships respectively (Mining.com)

• Canberra is talking up investment in Australian manufacturing in a bid to lessen the economy’s focus on mineral extraction (FT)

Wheelin’ n Dealin’

• Whitehaven is back in Street Talk again, the column reports 3 parties have submitted NBIOs for a 20% interest in Blackwater suggested to be worth US$500 million (AFR)

• Winsome’s deal surfaced after market yesterday, picking up an option to acquire the Renard Diamond Mine circa 60km from Adina (Minng.com)

  

• Southern Cross Gold launches $10m rights issue (SXG)

• Tennant Minerals raising up to $4.75m with a 1:1 option (TMS)

• Enova Mining raising up to $2m with a 1:2 option (ENV)

• Suppose yesterday’s Word on the Decline regarding Agnico being the party in exclusivity with Karora is true, why would that be the case? Surely Beta Hunt doesn’t get past the M&A screen of a major miner like Agnico. Yet we are led to believe this is true. If you have a theory of why this is the case, reply to this email. We might even include your theory in tomorrow’s Word on the Decline.

• China’s rapid adoption of EVs has led to the former phone battery maker BYD overtaking Geely as the country’s dominant carmaker (Bloomberg)

• Tesla's China market share slipped from 10.5% to 6.7% over the December quarter as competition intensified in the world’s biggest EV market (Bloomberg)

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.