• The next Rio Tinto chief has been urged to extend its push to ‘challenging’ frontiers, continuing the trend that included going into Mongolia (AFR)

• China’s largest gold miner, Zijin, is expanding into ‘streaming’ of precious metals in a bid to secure more bullion supply at a time of skyrocketing prices (FT)

• BYD led Chinese EV stocks lower as investors digested the auto giant’s sweeping price cuts of as much as 34% late last week (Bloomberg) Bad for BYD earnings, worse for competitors

• Asia's largest hard rock lithium mine opens in Inner Mongolia (KQ81) open pit grade 1.37% Li₂O plus tin 0.94%!!

• Tesla has agreed to extend a key deadline for Syrah Resources, offering the ASX-listed graphite producer a reprieve on its supply deal (AFR)

• Iran will not consider temporarily suspending uranium enrichment to secure a nuclear deal with the U.S., a foreign ministry spokesperson said (Reuters)

• An approved $1B wind farm project slated to be delivered in central QLD has been axed after the state govt intervened over community concerns (Australian)

• Barrick said Mali’s request to put the company’s gold operations into provisional administration has no legal justification (Bloomberg)

• Clive Palmer has been forced into a last-minute repair job on his $1.8B+ legal action over the 2016 collapse of Queensland Nickel (West)

• MAC Copper is in a trading halt relating to a control transaction (MAC) no indication what the deal is yet but our Word on the Decline ~2 months ago was that Harmony Gold was in advanced discussions to buy MAC before things went quiet on that front…

• Xanadu’s $17m placement to Bastion completed yesterday (XAM), suggesting no superior bid from Zijin was received beforehand. Meanwhile, merger arb fund Harvest Lane emerged with a ~5.3% stake (XAM)

• Dataroom has reported that Regis is no longer pursuing Ravenswood, leaving United Tractors as the last interested party, with final bids due last week (Australian)

• Greatland Gold is seeking to raise $50m for its ASX listing, including a potential secondary sale of up to ~50% of Newmont’s ~20% shareholding (AFR, Australian Mining) Wyloo has a call option to purchase up to 50% of Newmont’s Greatland shares that NEM sells as a right of first refusal (GGP.L Prospectus)

• Warriedar Resources is in trading halt pending a capital raising (WA8)

• Agrimin is in trading halt pending a capital raise (AMN)

• We understand that BHP has shelved its multi-billion-dollar Jimblebar Beneficiation Project ~40kms east of Newman for the time being

• Broader staff cuts are apparently on the cards - WSP was the EPCM service provider

• Uranium: Time To Go (PauloMacro Substack)

• Dryblower: Forrest's 'Green Pilbara' problem (MNN) Is not “greening” projects the problem, or “points strikes” and lost production?

• This Sydney hedge fund (Drummond Knight) is mining commodities for outsize returns (AFR op-ed) Likes copper, Freeport, Sandfire, Lynas, prefers Rio over BHP, waiting for gold to consolidate, bearish lithium & thermal coal 

• DLA Piper predicts more Aussie M&A as policy certainty & energy transition drive global investor interest (CB)

• Nuclear fantasy gone but renewables reality remains (AFR op-ed)

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