• Decmil have landed a $61m contract from Hanroy for a Marble Bar road upgrade (West)

• Tensions between a junior miner and an Aboriginal corporation at the fringes of Karijini National Park have spilled over onto FMG and Rio territory (West)

• Origin Energy said it’s exiting its hydrogen ventures after deciding it was too expensive and costly (AFR)

• Regis investors are pressing management over whether it would return to paying dividends, now that McPhillamys is off the agenda (Australian)

• WA’s newest lithium producer, Liontown, has been forced to cut some 30 jobs, or one third, of its West Perth headquarters (West)

• The Victorian government is examining a floating LNG terminal in Port Phillip Bay, as it faces up to prospect of gas shortages from 2027 (AFR)

• Perenti avoided a second strike against its exec remuneration report after tightening payment policies relating to safety (BN)

• Oil rose as tensions in the Middle East unnerved investors ahead of US jobs data due later Friday (Bloomberg)

• Teck CEO tells LME week that organic growth is the focus, not acquisitions (MiningNews)

• The Sizewell C nuclear project was hit by new delays as investment talks drag, with UK ministers making contingency plans to fund the £20bn+power plant (FT)

• Rio may join BHP in a big acquisition, some believe a major deal in the lithium space may now not be too far away (Australian) Bridget Carter rattles off Arcadium and Albemarle as candidates for the major

• Anglo American chief Duncan Wanblad said it’s not ‘inevitable’ that a buyer will emerge for the company after it slims down (FT)

• Korea Zinc teamed up with U.S. private-equity firm Bain Capital to thwart what it calls a hostile takeover by Korean investment company MBK Partners (WSJ)

• Southern Cross Gold will acquire 2 residential holdings for $1.9m while entering a Share Swap agreement to acquire agricultural property owner Sparr, for consideration of ~22m shares ($70.6m). As well as properties, Sparr holds $18.75m cash (SXG)

• Santana signed a binding and exclusive option to purchase 92ha of land within its key project area to access & supply water for mine production purposes (SMI)

• Frontier provided a financing update, with an updated DFS due in Q4 CY24 to support “non-dilutive” funding options (bonds, supplier finance, government) (FHE)

• We heard that UEC may have owned a large parcel of shares in Fission Uranium and was partially responsible for the sizable vote against the merger with Paladin

• We had a look through UEC’s public filings to see if we could find anything to substantiate this. And tucked within UEC’s fresh Annual Report, they sold $55m worth of listed equity securities last week!

• Maybe it was even UEC that was the Plan A merger partner for Fission at the beginning of the year?

• Kingsley Jevons goes deep on sentiment divergence in iron ore stocks (Livewire)

• Inside Diablo Canyon Nuclear Power Plant (BG2 Podcast)

• Tim Treadgold reckons China’s low-cost manufacturing capacity is a threat to the dreams of battery production in Australia (BN)

• Is nuclear energy the zero-carbon answer to powering AI? (FT)

• Colombia is quitting fossil fuels, can it convince other countries? (Bloomberg)

• Exuberant iron ore, subdued copper show different sides of China stimulus (Reuters)

• Xi’s belated stimulus has reset the mood in Chinese markets (Economist)

• How BYD plans to shake up the Australian EV market (AFR)

• Green hydrogen hype fast runs out of steam, demanding a rethink (Australian)

• China’s fastest growing copper champion, Zijin, is reshaping global metal supply (Bloomberg)

  

  Zijin has outperformed its peers by almost 9x

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