- The Director's Special
- Posts
- Date Set for ERA's Jabiluka Showdown
Date Set for ERA's Jabiluka Showdown
Activists emerge at Peabody while investors fight for control at Global Lithium
The Pre-Start
ERA advised the Federal Court of Australia listed a final hearing date for its Jabiluka legal proceedings of 28 Oct (ERA)
Macmahon confirmed that there was a fatal incident at Byerwen in QLD (MAH)
Activist investor Thompist Capital appeared with a 9.96% interest in Peabody, leading to a jump in the stock price (BTU.NYSE)
Chalice has reduced its board size to 4 members & implemented cost costs, reducing its monthly burn (CHN)
Cooper Energy updated its reserves & resources, with 2P gas & oil reserves of 33MMboe & 2C contingent resources of 48.4MMboe (COE)
First ore was mined from Beacon’s MacPhersons Reward open pit (BCN)
BCI Minerals finished FY24 with $259m, spending $218m over the FY. Conditions Precedent for drawdown to be met this year (BCI)
Global Lithium’s 249D dramas continue, now receiving a revised notice from ~7% shareholder Sincerity (GL1)
High Grade It
Japanese steelmakers fear rising royalties will curb coal projects and put supplies at risk (The Australian)
Regis boss Jim Beyer hits out at Tanya Plibersek over Juukan Gorge comparison (West)
A mine worker sadly passed away after a major incident at a QLD coal mine, weeks after another fatality at the same site (West)
Northern Star boss Stuart Tonkin warned of a “flight of capital” out of the resources sector on the back of Albanese gov’t decisions (AFR)
The first US shipment of copper from mines in the DRC to be transported by the Lobito Atlantic Railway has loaded (Bloomberg)
An army of short-sellers is nervously watching the rebound in iron ore prices this week amid signs that Beijing will introduce more aid (AFR)
Chile's Codelco could face US$8m fine for tailings dam violations (Reuters)
The federal government should step in & defend the system it set up to ensure miners have regulatory & fiscal security around new projects, Whitehaven MD Paul Flynn said (The Australian)
Miners including Rio Tinto & Teck take steps to minimize Canada rail shutdown impact (Reuters)
Gold hits record highs as investors bet on rate cuts (FT)
Labour prices are softening & gold has rocketed, but it’s a matter of time before costs jump, warned Stuart Tonkin (The Australian)
Patriot Battery Metals unveils lithium project economics as Chinese EV data raises hopes of price rebound (West)
A study showed lithium mining is slowly sinking Chile’s Atacama salt flat (Mining.com)
Wheelin’ n Dealin’
Japan’s “urgent” $1.6b coal deal driven by Queensland royalty storm (AFR)
South32’s sale of its Illawarra met coal project is expected to complete end of this month (S32)
Newmont’s sale of non-core assets is pegged for the year-end, with Macquarie advising the group (AFR) It floats a $500m price tag for Havieron + Telfer
Rattlin’ the Tin
DMC Mining is raising $5m (DMM)
Word on the Decline
Word is brewing that there are concerns regarding a section 10 application at Bellevue (similar vein to Regis), see some details in yesterdays Devil’s in the Detail. Here’s hoping everything resolves itself smoothly
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
Ford slows EV plans, delaying pickup and axing three-row SUV, to cut costs (Reuters)
An interview with Minerals Council CEO Stephen Galilee (AFR)
World’s second-largest diamond found in Botswana (FT)
Plibersek’s mine block alarms whole industry (AFR op-ed)
Between the Rise and Fall of the Lithium Prices (SMM)
2 different articles on the charismatic and at times controversial mining entrepreneur, Robert Friedland (ME, BO)
Today’s Top Tweet
$FFM grows its "KEY POINTS" to 2 pages to fit in all the superlatives. An extraordinarily spectacular effort for an announcement that is just regurgitating historic exploration results.
- Significant 15x
- Strong 8x
- Large scale 7x
- Key 7x
- Exceptional 6x
- Compelling 3x
-… x.com/i/web/status/1…— Chuck Chunder (@ChuckChunder007)
10:39 PM • Aug 21, 2024
We couldn’t help ourselves, had to include this one as well!
hurry up. I can't take a shit until the directors special comes out. Gotta have something to read!
— Darryl Wilson (@uberdarryl)
12:21 AM • Aug 23, 2024
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