The Pre-Start
CSC ($9.1B) - Capstone lowered the bottom end of CY26 copper guidance to 195kt after extended Pinto Valley downtime; primary crusher restart now mid-Dec, with Chile's truckers strike adding risk | ▼ 5%
SRL ($2.4B) - Sunrise approved FID for the Syerston Scandium project, NSW, targeting first 60tpa Sc₂O₃ in 2H CY28
CYL ($1.2B) - Catalyst received a first strike after 43.5% voted against its remuneration report; all other AGM resolutions passed
OMH ($161m) - OM Holdings will re-domicile to Singapore on 18 Nov; CDIs start trading on ASX 19 Nov; renamed OM Materials Holdings | ▲ 16%
ZEO ($154m) - Zeotech's 10% placement capacity was rejected at the AGM; the remuneration report drew 29.7% against, a first strike
OSM ($112m) - Osmond completed three holes at the Orión project in Spain, intersecting target quartzites, and mobilised a third rig to accelerate the MRE upgrade
AUZ ($78m) - Australian Mines' historical-drilling review at Sconi, Qld, highlighted 27m at 883 ppm scandium from surface on Lucknow and Kokomo
AUQ ($54m) - Alara says Al Wash-hi Majaza operations continue; court asked appellants for evidence, Governorate sought dismissal; next hearing late Dec
CVR ($20m) - Cavalier says Stage 1 of the Crawford Gold project, WA, is ready to mine with pre‑production works and approvals complete; operations await financing
High Grade It
BHP plans overhaul of WA iron ore business to cut costs (Bloomberg)
Endeavour OKs $1.2B Assafou gold mine as costs climb (NM) +13% capex since April, stock ▼ 8%
Copper ore pricing system fractures amid acute shortage; red metal hits 4-month low (Bloomberg)
Rio cuts dozens of jobs at Quebec processing plant amid drop in lithium demand (G&M)
Chile's lithium output to reach 335kt in 2027, says Cochilco (TV)
Trafigura drives historic aluminium squeeze on LME amid plunging inventories and Chinese market pressures (Bloomberg)
Orica explores 'sizeable' US mining chemicals acquisition, but no immediate deal expected (Australian)
Word on the Decline
This one from Encounter’s quarterly a couple of weeks ago. Expect to see a spin-out of the Patterson copper assets

Whether that is a tidy-up ahead of a tie-up with WA1 is anyone’s guess.
Got Word on the Decline? Reply or email [email protected]. We will always take your privacy seriously.
Ownership & Oversight
MIN ($9.9B) - L1 bought $97m of MinRes shares, lifting its stake to 6.6%
GMD ($9.2B) - First Sentier lifted its stake in Genesis Minerals to 6.1%
ELV ($790m) - Elevra director Lucas Dow bought $100k of shares at $3.77
A1M ($584m) - Hawke's Point invested $61.5m in AIC Mines for 9.3% stake; Lee Group and Ng Group emerged at 8.7% and 5.2%
PC2 ($352m) - Perennial sold $586k of PC Gold shares and fell below 5%
CYM ($205m) - Perennial took a 5% stake in Cyprium after buying $7.6m of shares
Luke Blais proving why he is GC#2 as he takes the 2nd winnable seat. 15 left.
How to get a seat: each weekday, the top referrer wins one.
Today’s seat · closes 5pm AWST
Today’s leader: just 2 so far.
Thursday’s took 39. {{race_line|You’re on 0 today: one referral gets you on the board.}}
Or open: {{race_hq_url|race.moneyofmine.com}}
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In the Weeds
For Fortescue’s sake, the Forrests should clarify relationship plans (Pete Ker op-ed)
The most convincing fake company you’ll ever read about: Gofer Mining plc claimed 4k staff, £4b in revenue and a Canary Wharf HQ. Somehow it still managed to tie up the sale of a real Ukrainian gold mine in court. The full story is worth your lunch break. Or skim Dan Neidle’s tweet thread
Hedge fund ‘pod shops’ are making market swings worse (AFR op-ed) Great read for the investors
The Race to Build the World's Next Great Uranium Mine w/ Leigh Curyer (Decouple)
Today’s Top Tweet

Our Latest Show
We Won't Die Wondering (Nic Earner)
Alkane has spun out a rare earths business, found a copper-gold porphyry, made a 7-8x on Genesis and merged with Mandalay.
And gone from single-mine producer to the ASX 200.
We sat down with MD Nic Earner to hear how.


