• Karora set July 19 as the shareholder’s vote date for Westgold’s all-scrip offer & released a new targeted finalisation date of July 31 (West)

• Taxpayers forked out more than $300m of subsidies through a 2018 deal with MinRes to save the Koolyanobbing iron ore operation (West)

• Billionaire Czech businessman Pavel Tykac’s plans to buy a majority stake in ASX-listed coal miner Coronado have collapsed (AFR)

• Paladin Energy is using its stock, which hit new heights last month, to acquire uranium hopeful Fission Uranium (West)

• L1 Capital believes NexGen Energy’s pullback will be short-lived, and that the strategic asset will attract suitors in time (Bloomberg)

• Shares in Encounter soared by over 78% after new drilling results showed it had found niobium grades that almost matched WA1 (AFR)

• Lithium watchers hoping the battery metal was poised to rebound have been hit by the realisation prices have fallen again in June (Bloomberg)

• Strike unveiled a plan to build & operate a gas power plant, tapping its gas reserves at South Erregulla in the Perth Basin (BN)

• Copper surged to a record on a wave of hedge fund money. Now the big question for bulls is when China’s buyers will return. (Bloomberg)

• Russia offered to help Vietnam develop nuclear power plants during Putin's trip to Hanoi, Rosatom CEO Likhachev said (Reuters)

• Ganfeng filed an international arbitration case against Mexico after the Latin American nation cancelled a potential project (Bloomberg)

• Paladin has emerged with a recommended deal to acquire Canadian-listed Fission Uranium in a scrip transaction at a 30% premium, implying a C$840 million valuation (AFR, PDN)

• Sev.en’s agreement to buy a 51% stake in met coal underperformer, Coronado, has been terminated after months of being in limbo (CRN). While AFR reports that FIRB approval was not received, we doubt this was the real dealbreaker given Pavel Tyek’s investment office has promptly received FIRB approval for SO4 in the past…

• Citi was seeking offers yesterday to acquire at least 10% and up to 19.99% in Spartan Resources (AFR) Ramelius?

• Vedanta is considering tapping bond markets for at least US$500m in a debut overseas issuance (Bloomberg)

• Lucapa Diamond has agreed to sell its Mothae diamond mine to a local Lesotho company for nominal value (LOM)

• Venture Minerals is selling its Riley Iron Ore Mine to Gold Valley for $3 million (VMS)

• The Supreme Court ordered Decmil to schedule a shareholder meeting, booked for July 31, to vote on its scheme with Macmahon (DCG)

• Mayur Resources have signed a non-binding term sheet worth US$50m with ACAM, to replace Vision Blue’s equity funding as well as a US$5m placement (MRL)

• Terra Metals has raised $6 million to advance the company’s Dante Reef with Tribeca tipping in (TM1)

• American West secured $19m via a royalty deal over its Storm copper project in Canada (BN)

• Orion Minerals is in trading halt in relation to a capital raise (ORN)

• We think Gold Fields is behind the two bids for Karora that have occurred since the gold producer signed the agreement to merge with Westgold and detailed in yesterday’s disclosure

• The offer in cash is a tell, combined with the fact that Beta Hunt is a sublease of Gold Fields’ tenement holding in the first place

• And while we are talking about Ramelius…. If we were betting people, our money would be on them to be the acquirers of the line of Spartan stock being fished in the market yesterday afternoon

• Dryblower balances the head-to-head between MinRes & Jarden, with the bank’s research team cautious in the face of weakening prices (MiningNews)

• In the same vein as yesterday’s video on FMG and Andrew Forrest’s story, here’s an intriguing pull behind the curtain at Chris Ellison

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.