- The Director's Special
- Posts
- Weak Manufacturing Data See Metals Fall
Weak Manufacturing Data See Metals Fall
Peninsula close in on production, Ora Banda getting to work at Sand King
The Pre-Start
Strike Energy said it has made two gas discoveries in the latest drilling at Erregulla Deep-1 with aggregate net gas pay of 28m (STX)
Ora Banda provided a Davyhurst update, with infill results from Riverina while mining operations have commenced at Sand King (OBM)
Firefly released drilling results highlighting the grade continuity of Ming mineralisation (FFM)
Peninsula Energy announced that Lance construction is progressing toward a restart in late Q4 2024 (PEN)
Tungsten producer Group 6 Metals appointed MA Moelis to conduct a strategic review, with a $4m bridge facility secured from its senior lenders to fund the process (G6M)
Aussie Super increased its stake in Bluescope Steel to 6.1% (BSL)
Perennial Value picked up more Siren Gold, now holding 7.7% (SNG)
Great Boulder shared further RC results from Mulga Bill, with an update MRE due this half year (GBR)
American West provided assays from further drilling at Cyclone, intercepting copper-silver mineralisation (AW1)
Chalice released a new gold-copper exploration strategy for West Yilgarn targets (CHN)
Genesis increased their FY25 guidance to 190-210koz at AISC A$2,200 - 2,400/oz on the back of earlier than planned Laverton mill re-start (GMD)
Hastings has entered a trading halt pending the release of a maiden niobium resource (HAS)
The Office of Work Health & Safety has commenced 2 charges against Mastermyne (Metarock subsidiary) over a 2021 incident (MYE)
A flurry of investor presentations have made their way to the platform with various conferences happening today, including Bellevue, Develop, Ordell, Chalice, Rox, Ora Banda, Solstice, Arrow, AusGold
Nickel Industries says long lead items for its ENC project will begin arriving in Sep and engineering has begun on its slurry pipeline and in-pit tailings (NIC)
NIC’s Green Precinct plans at IMIP
High Grade It
Warren Mundine reckons Labor’s decision to stop Regis’ NSW gold mine “stinks like a bad smell” (Daily Telegraph)
Argentina official says lithium, copper to drive metal exports to $10b by 2027 (Reuters)
Chinese lithium kingpin and Greenbushes part-owner Tianqi goes deep in the red with a $1.1b half-year loss (West)
US and Peru sign memorandum of understanding on critical minerals to help cut US dependence on China (MiningNews)
Inventories of key raw materials are piling up in China, evidence that economic activity remains too feeble to clear a surplus (Bloomberg)
Australia will have to import LNG, leading to likely cost increases and ‘hoping & praying’ to get through next winter, industry execs warn (Australian)
Global equities began September on the back foot, after four months of gains, as China’s efforts to support its ailing economy showed no signs of taking hold (Bloomberg)
Company profits are sinking despite inflation remaining high, Australian Bureau of Statistics data shows (West)
Nathan Tinkler and Whitehaven Coal are due to go another round of court fighting (Australian)
Sibanye Stillwater expects to post a first-half loss, as the depressed outlook for palladium prices triggered another impairment on its US mines (Bloomberg)
Radical changes to the JORC code, which governs how mineral deposits can be reported, wouldn’t have protected gold miner Regis (AFR)
Harmony Gold said its profit in the last fiscal year likely rose 78% after it increased output (Bloomberg) The stock retreated 4%
Wheelin’ n Dealin’
Rattlin’ the Tin
Word on the Decline
The Black Rock Mining trading halt… if we were betting people we’d reckon it’s POSCO firming up their commitment for up to 19.99% of BKT
Do you have some Word on the Decline? Reply to this email or shoot a message to [email protected] directly. We will always take your privacy seriously.
In the Weeds
M Resources owner Matt Latimore – the last of Australia’s big coal barons? (Australian)
Clean energy’s next trillion-dollar business: Grid-scale batteries are taking off at last (Economist)
Tribeca’s David Aylward on how making small decisions has helped him avoid big mistakes — and his growing exposure to gold (CB)
The ABS released Jun’ 24 quarterly stats on Aussie mineral exploration, here’s AMEC’s summary
White House Races to Lend Billions in Climate Funds Before Election (WSJ)
WA a case study in Australia’s carbon challenges (AFR)
Today’s Top Tweet
Working at Millenium would be like playing for the Yankees, if the Yanks fired the starter for walking the first two hitters of the ballgame; voided his entire contract; and then clawed back his last two years’ salary and signing bonus.
— Jeremy Raper (@puppyeh1)
8:56 PM • Sep 2, 2024
Devil’s in the Detail
MetalsTech… do we need to say any more? Instead of typing it all up, we are going to deep-dive into this story on today’s show…
Privacy Policy Update
A bit of housekeeping - we’ve updated our Privacy Policy to ensure that you understand how we collect, hold and use your Personal information. We’re committed to providing you with the most up to date information about how we use your Personal Information and keep it safe.
The updated Privacy Policy will take effect on 4 September 2024. If you don’t wish to acknowledge and accept the terms of the Privacy Policy, please unsubscribe from our Products before this date.
Catch up on our latest episode
🟢Spotify | 🟣 Apple Podcasts | 🟥 Youtube
Reply