• The Takeovers Panel declined to conduct proceedings into an application relating to Sierra Rutile’s affairs (Business News)

• Prime Minister Anthony Albanese joined Chinese Premier Li Qiang in Perth on the final day of a high-profile visit (The West)

• BHP & FMG flagged plans to work closer on renewables, which were a core focus at the Australia-China business roundtable (The Australian)

• Energy Fuels announced it achieved commercial production of separated NdPr at its White Mesa mill in Utah (Mining.com)

• Beach Energy, vowed it’ll slash spending to deliver on its promise to become Australia’s leading domestic energy group (The Australian)

• Over 50 groups expressed interest in developing lithium projects in Chile, Finance Minister Mario Marcel has said (Mining.com)

• Work’s begun expanding one of Australia’s largest wind farms, expected to produce 7% of Victoria’s energy needs by 2027 (The Australian)

• Bridget Carter is on the gold rumour mill again, her Dataroom column suggests a Gold Road and Regis merger could happen (The Australian)

• Metallica recommended its shareholders reject Diatreme’s off-market takeover offer in the ongoing battle (MLM)

• The scheme to merge WA gold developers Horizon Minerals and Greenstone Resources was implemented yesterday (HRZ)

• ASX-listed Tamboran Resources has launched an IPO on the NYSE for US$176 million (TMN)

• Antipa Minerals is in trading halt in relation to a proposed capital raising (AZY)

• Our in-house ECM guru (Ally GC) says we should expect an uptick in capital raisings given companies will need to be in a trading halt by the end of this week if they want the placement to settle by 30 June

We’ve got double Word on the Decline today:

1. We are led to believe that Anglo American has made a substantial copper discovery in North Queensland near Boulia. We hear that some PFS workstreams are already underway and apparently there has even been a meeting with the Minister to seek a special declaration to advance approvals.

   

2. Our sources tell us that Greenbushes’ CGP3 project is falling well behind schedule. We hear that Monadelphous has 11 cranes on site, but nothing on the hook. There are even rumblings of a top-job departure... I guess IGO’s quarterly update will be telling?

• The tiff between Discovery Alert and Great Boulder’s MD, Andrew Paterson is enlightening on the nuances of geological disclosure (LinkedIn)

• The deadly mining complex powering the EV revolution, a fascinating long-form piece on nickel and Indonesian industrial parks (Bloomberg) or in podcast form (The Big Take)

• Polymetal, the Kazakh miner who recently sold its Russian op’s, continues to be haunted by its past, as it seeks to rebuild & relist (FT)

• Minerals Council of Australia chief Tania Constable shared an op-ed in The Australian on “The Unparalleled Advantage of Nuclear Energy”

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Disclaimer

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