• Rio’s Simandou won final approval from the Guinean & Chinese governments, clearing the way for production within 18 months (AFR)

• Liontown will sell lithium to a Chinese buyer for the first time, ending its hardline stance on only partnering with Western off-takers (AFR)

• Sierra Leonean petrol barons make $76m move to pry SRX from Gemcorp’s clutches (West)

• Italian PM Meloni seeks to bring nuclear power back to Italy, 35 years after it shut down its last atomic plant (FT)

• Resources Minister Madeleine King said BHP’s decision to mothball its WA nickel business is “disappointing”, but backs their belief the nickel market will recover by 2027-28 (West)

• Dryblower reckons nickel will be strangled for years to come while lithium stages a strong recovery (MiningNews)

• Kuwait Oil Co. said it’s discovered “huge commercial amounts” of light oil and associated gas in an offshore field (Bloomberg)

• FMG lost yet another senior exec, with Asia Pacific energy boss Eva Hanly understood to have parted ways (The Australian)

• Rio secures a major legal win in Serbia, paving the way forward for the Jadar lithium project to come online (West)

• Northern Star MD, Stuart Tonkin and Capricorn MD, Mark Clark, are amongst the new shareholders of Diggers and Dealers (Business News) great idea for new shareholders - give 4 free tix to MoM!

• Newmont & environmental regulators are still working to fix two tailings dams at Telfer, months after production was halted (West)

• The UN’s International Seabed Authority will meet to consider new rules allowing ocean floor mineral extraction, despite concerns (MW)

• Rio said it had initiated a "coordinated shutdown" at the Iron Ore Company of Canada in response to an evacuation order (Reuters)

• Vehicle electrification requires 55% more copper mines by 2050 (Mining.com)

• Dataroom suggests a Gold Road - Regis merger could be on the cards to be announced around Diggers next month

• The largest shareholder of Coronado, EMG, is understood to have received offers for its 51% stake in the coal miner (Dataroom) 

• Cleveland-Cliffs has agreed to buy Canadian steelmaker Stelco Holdings for about C$3.85b, bidding an 87% premium (Bloomberg)

• G Mining Ventures is merging with Reunion Gold (GMIN) - both portfolio companies of La Mancha - is this Endeavour mark 2?

• Siren Gold will sell its wholly-owned New Zealand-based subsidiary Reefton Resources for $20m (BN)

• Zimbabwe’s state-owned Kuvimba Mining is broadening its search for equity partners & financiers for its gold & lithium mines (Mining.com)

• SolGold entered into a syndicated gold stream with Franco-Nevada and Osisko for US$750m towards developing the Cascabel copper-gold project in Ecuador (SOLG)

• Foran Mining announced strategic investments for up to $315m, with Fairfax & Agnico Eagle participating, while upsizing its existing $150m credit facility to US$250m and confirming FID on McIlvenna (FOM)

• Alamos Gold entered into $116m gold prepay to close out Argonaut’s ‘24/25 hedges: $116 million in exchange for the delivery of 49koz in 2025 (AGI)

• Galan utilised some more of its at-the-market facility with Acuity Capital to raise $1.1m (GLN)

• European green tech is stalling because businesses lack confidence that their political leaders will follow up words with actions (FT)

• Bill Beament features in a long-form podcast interview from TDM Growth Partners: “The King of Kalgoorlie” (Spotify, Apple)

• Companies are reluctant to invest in critical minerals & energy transition projects due to EV demand & government commitment uncertainty (Reuters)

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