• Sayona is determined to keep NAL operating with JV partner, Piedmont, amid depressed lithium market (Miningnews.net)

• The WA state government has warned the Albanese federal government that further environmental approvals will hurt mining, property & agricultural industries (AFR)

• Rio CEO Jakub Stausholm told investors that the company will never be perfect and negotiations with Norges ethics adviser continue regarding deforestation concerns at a Brazilian bauxite JV (The Australian)

• Woodside’s chair Richard Goyder faces a battle with a proxy adviser accusing him of disregarding shareholder concerns over climate along with “oversight failings” under his watch at Qantas (The Australian)

• Chilean port workers have staged protests over safety and layoff concerns that threaten to disrupt commodity exports (Mining.com)

• Trafigura has admitted its founder and former CEO Claude Dauphin approved bribes for oil deals in Brazil (Bloomberg)

• Commodity traders hit a record profit of US$104b last year, despite decreases in volatility and profit falls at major firms (FT)

• Oil prices have continued their upward trend, breaking through US$91 a barrel on geopolitical tensions in the Middle East (Bloomberg)

• The clock is ticking on Bluescope’s pre-emptive right, providing it 60 days to match the GEAR & M Resources bid for S32’s Illawarra metallurgical coal operations. If it bids, competitors will not have the right to increase their offer (AFR)

• West Arunta explorer Encounter Resources has raised $10.5m, leaving it with cash of $16m (ENR)

• Syrah Resources completed the retail entitlement component of its $98m raising. The sub-underwrites of the $37m entitlement offer took almost $19m of stock as a result of weak retail demand. The new shares will commence trading Thursday, April 11^th (SYR)

• We are led to believe that there is more to Bluescope’s pre-emptive right than meets the eye when reading the Street Talk article. Word on the Decline is Bluescope has full veto rights over the deal on the table from GEAR & M Resources, not just a right to match it. The supply contract with Bluescope apparently stipulates Illawarra must be owned by an ASX100 company

• I know I was told a lot of Word on the Decline last night at the pub for our 1 year birthday of Money of Mine. Unfortunately, my headache this morning is impeding my memory…. I’ll do better next week

• The debate over the speed at which fossil fuel demand will be phased out rolls on, with a recent RFF report modelling that targets can be achieved without fossil fuels being entirely phased out (FT)

  

  Modelled declines in fossil fuel demand

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.