• Alcoa expects lower grades at its South West bauxite mines to cost it c. $15m next quarter while confirming its Kwinana curtailment (BN)

• Westgold has moved a step closer to its merger with Canadian-listed gold play Karora, after its $1.2 billion deal was ticked off by FIRB (BN)

• Gold miner Genesis announced it met the midpoint of its production guidance and has begun preparations to reopen its Laverton site (CB)

• Twiggy says Element Zero execs burned bridges “like Nazis” (AFR)

• Macquarie upgraded its price target on FMG following its restructuring announcement but warned it could erode its share price premium (CB)

• Anglo warned De Beers will cut production further as a Chinese consumer pullback leaves the market facing a protracted depression (FT)

• Mercedes and Stellantis are in discussions with Serbia’s government to invest in lithium-processing and EV battery production (Mining.com)

• Australia’s LNG revenue slumped 25% in the last financial year despite export volumes holding firm (AFR)

• Panama’s government said it’ll engage First Quantum to discuss the environmental impact of Cobre Panama (Bloomberg)

• SPAC ACG Acquisition is buying a Turkish mine, which plans to start copper & zinc production in 2026, in a US$290m deal (Mining.com, FT)

• Zimbabwe's state-owned Kuvimba signed a US$310m deal with a British & Chinese consortium for construction of a lithium concentrator (Reuters)

• Alumina shareholders voted in favour of the scheme with Alcoa yesterday, CDIs of Alcoa will trade on ASX ~August 2 (AWC)

• Sierra Rutile is in a trading halt pending an announcement relating to the status of a competing takeover (SRX)

• Sihayo Gold reached an agreement with Provident Minerals for a working capital loan facility now totalling US$4m (SIH)

• Has anyone actually read the terms of Cameco’s option to buy from Silex, at "fair market value", an additional 26% interest in GLE?

• What if the valuation mechanism in that agreement has nothing to do with Silex’s $1.2 billion market cap? Hmmm

• Timelines for new US mines are among the longest in the world, taking 29 years on average from discovery to production (FT)

• EDF lost a bid to build at least two new nuclear reactors in Czechia, a major blow to Europe's only nuclear power plant builder (Reuters)

• Fortescue’s hydrogen back-flip fails to become sugar hit it should be (AFR’s Chanticleer)

• Andrew Forrest’s credibility gone along with Fortescue’s green hydrogen collapse (The Australian op-ed)

• China's commodity import trend driven by prices, not economy (Reuters op-ed)

• Why investors pay 1000x more for a 10% return from Millennium than for a 10% return from Vanguard (Capital Gains) For those curious about pod-shop dominance, read this

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