• NexGen Energy said it remains confident in receiving approvals despite the regulator pausing a 2-year approvals process while it addresses issues with its environmental assessment filing (Northern Miner)

• Galena Mining entered administration, the lead and silver producer had $161 million senior debt owing to Taurus and struggled to find its gear during ramp-up of Abra (The West Australian)

• Fortescue is set to open Australia’s largest hydrogen electrolyser plant in Gladstone today (The Australian)

• Chinese miners, including Tianqi and Ganfeng, have taken earnings of $2.5b from Australian lithium operations over the past year (AFR)

• Opposition leader Peter Dutton stated that if elected, the Coalition will deliver small modular reactors to the grid by the mid-2030s, targeting communities transitioning from coal (The Australian)

• Uranium stocks performed strongly over the past week on the back of flooding in parts of Kazakhstan and bullish bank coverage (Mining.com)

• Despite the strong performance of gold year-to-date (up 13%), major miners Newmont and Barrick, are down 6% and 2% respectively, as a result of heightened costs and M&A concerns (Bloomberg)

• Zambia’s Finance Minister declared that copper output from the central African nation could reach 1Mt by 2026, from 700kt in 2023, on the back of mine restarts and growth at existing operations (Mining.com)

• Andrew Forrest continued to press the case for a nickel ‘green’ premium, telling EV makers to be wary of Indonesia nickel, and pressuring the LME to create differentiated contracts (FT)

• Westgold’s merger with Karora will also see a spin-out of a pretty strange vehicle - one holding Karora’s 22.1% of KM1, a 1% lithium royalty and some nominal deferred consideration - surely we can all agree there is no need for this company to exist? (WGX)

• Sierra Rutile recommends shareholders reject PRM’s hostile on-market offer as detailed in their Target’s Statement released today (SRX)

• Perseus’ 57.5c cash offer for Orecorp has been declared best and final and is now unconditional with a relevant interest of 51% (PRU)

• Toro Energy has resolved to demerge its non-core nickel and gold assets into a separate entity signposted to list on ASX (TOE)

• A block trade was launched for $593 million worth of stock in Capstone Copper after-market on Friday to ASX investors as the $7.3 billion miner establishes liquidity on the exchange for the first time since listing earlier this year (AFR)

• With Westgold emerging as Karora’s suitor after negotiations with Ramelius fell apart, one has to wonder what is next for Ramelius. We still think they need to do a deal. The odds of Ramelius acquiring Spartan just shortened. And Westgold’s scrip for future deal-making just became more attractive (even if the deal has them buying back Higginsville after selling it 5 years ago!)

• Cheap parts and capable workers were part of the attraction to China for Elon Musk’s Tesla. It helped create the world’s most valuable carmaker. Now, he’s being closely watched by Washington over China ties whilst Asian EV-makers present a huge threat to Tesla’s dominance (NYT)

• India is the world’s fastest-growing major economy. However, its economy is one-fifth the size of China’s and one-seventh of America’s. Can its growth mimic that of China through the 2000s? (Bloomberg via YouTube)

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