• $1.9b worth of discounted FMG stock crossed this morning (AFR) ~7 weeks after The Capital Group sold $1.1b… FMG down ~9% on the open today

• European clean energy companies are abandoning expansion plans & bracing for lower sales on US election fears (Reuters)

• Big shareholders in Glencore want the company to retain its coal mines, pushing back against the option floated by chief Gary Nagle (AFR)

• Gold is the best portfolio hedge in the event Donald Trump retakes the White House, according to a Bloomberg Markets survey (Bloomberg)

• Ramelius boss Mark Zeptner says its interest in Spartan is a “nice to have, rather than a need to have” (West) and the company will mothball Edna May instead of spending $300m to extend it (BN)

• Chinese rare earths giant Shenghe plans to set up an outpost in Australia to advance its local interests (AFR)

• Liontown said first production from its much-hyped Kathleen Valley lithium mine could be only days away (West)

• BHP’s Spence copper mine in Chile celebrated three months of being the company’s first fully autonomous operation (Mining.com)

• Oil prices rose on Monday, paring last week's loss, on fears of a widening conflict in the Middle East (Reuters)

• BHP’s Seahorse nickel & copper expedition in WA has come up dry (West)

• Funds have slashed their long positions on the copper market as high and rising inventories (Reuters)

• Horizon Minerals will begin mining at Boorara as FID was approved to develop the site and toll the ore at Paddington (BN)

• TotalEnergies has quit its gas-condensate discoveries off the tip of South Africa, after spending at least US$400m (Bloomberg)

• Legal proceedings between former MinRes procurement manager Steven Pigozzo and the company have ended in settlement (BN)

• Saudi Arabia's Manara is looking at opportunities to invest in lithium production in Chile, mining minister Bandar Alkhorayaf said (Reuters)

• One of China’s biggest commodity traders, Xiamen, is navigating difficulties triggered by the collapse of Jiangsu Nickel (Bloomberg) Xiamen stock has fallen 37% in a few weeks, when will the CCP step in?

• BHP’s portion of its JV with Lundin Mining to acquire Filo via plan of arrangement is valued at US$2.1b. Lundin’s share is C$2.15b Explaining its rationale, BHP highlights optionality at district scale & accelerating development. (BHP) Not the sexiest of deal permutations for FIL shareholders (no royalty SpinCo) or LUN shareholders (equal JV, Josemaria funding?) so well done BHP but the deal to likely prove fruitful for LUN in the long run too

• Integra Resources is acquiring Florida Canyon in a proposed scrip merger forming a Great Basin-focused gold and silver producer (IIGR)

• Concurrent with the merger of Integra and Florida Canyon, Integra is raising C$20m in a bought deal cornerstoned by Beedie Capital (IIGR)

• Sigma Lithium signed a deferred US$22.4m letter of credit for export financing with Banco do Brasil (SGML)

• Talga raised $9.5m to fund its Vittangi Anode project, expansion studies and Talga-SQM lithium JV (TLG)

• Remember last year how the Chinova copper-gold assets south of Mount Isa and Cloncurry in Queensland were for sale? Despite being a private seller, the process was well-publicised across the outlets as early as August last year

• Word on the Decline is the sale process has ended without a sale… Trekelano mine may be the only exception which might sell independently from the rest of the portfolio

• If we were betting people, we reckon it’s a simple case of unbridgable bid-ask spread on value…

• Richard Gannon calls for institutional investors to provide private capital to back copper projects in “riskier” jurisdictions (Livewire)

• Dryblower: Gina takes gold in the mining Olympics (MiningNews)

• As evidenced by the reaction to Andrew Forrest’s green hydrogen back down, journo’s need to be especially sceptical (The Australian)

• The Carlyle outpost still investing in oil & gas (FT) Watch as they do, not as they say…

• China is itching to mine the ocean floor (Economist) Another means of ensuring mineral dominance, & lessening Western reliance. Should we be concerned that the ISA’s biggest donor is… China?

• The Silicon Valley Startup Using AI to Scour the Earth for Copper and Lithium (WSJ)

• How the Hottest Hedge Funds on Wall Street Really Manage Risk (Odd Lots - Spotify, Apple)

• When politics and miners mix, investors get hurt (AFR’s Chanticleer) The last thing investors need in Australian mining is more shocks

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