• Mining bodies lobbying for Labor to deliver on exploration, competitiveness, approvals (MNN)

• Hong Kong authorities said they continued to purchase US dollars in an attempt to defend the foreign exchange peg (Bloomberg)

• DRC and Rwanda have submitted a draft peace proposal as part of a process meant to end fighting in eastern DRC (Reuters)

• Traders eye $US50 oil as OPEC rocks markets (AFR)

• Protestors relieved at Grange Resources’ withdrawal of Southdown Magnetite project but say it isn’t the end (West)

• The bodies of 13 guards kidnapped from a Peruvian gold mine have been found (FT)

• Shareholders in Gold Road wrote to the company’s board and threatened to sack directors if they did not engage with suitor Gold Fields (Dataroom)

• Gold Fields chief says the company has always had its eye on Gold Road’s 50% stake in Gruyere gold mine (BN)

• Indonesia’s Danantara and French miner Eramet SA are in talks to form a partnership that would acquire a stake in nickel HPAL plant majority owned by Zhejiang Huayou (Bloomberg)

• Peabody notified Anglo of a ‘material adverse change’ affecting their planned takeover of QLD coal mines due to a gas ignition event on March 31. Anglo contests this as Peabody attempts to walk from the deal (Bloomberg)

• Xanadu’s exclusivity with Zijin expired without a control transaction (XAM) EGM scheduled to approve the 25% put option exercise, though exclusivity was granted from an NBIO that was superior to the put option

• Terra Capital, Lowell and Deutsche Balaton back bauxite hopeful VBX’s IPO (AFR)

• Brightstar has executed a US$11.5m revolving working capital facility with Ocean Partners (BTR) 6 month repayment from each drawdown, SOFR+11%, security over ROM stockpiles

• If Regis is hanging in the Ravenswood auction to simply field the phonecall when all other bidders have either dropped out or have a bid too conditional for the sellers, what do you think their offer would actually be? We hear the hedgebook is horrid and the mine plan relies on an untested ore-sorting technique for new ore bodies. Yet the sellers want $2B?

• So what number would the market be comfortable seeing Regis actually stump up for the asset? $500m? Less?

• Mining billionaire Gina Rinehart weighs in on Australian election result (West) fascinating statement

• Moranbah fire brings MAC risk to Peabody-Anglo deal by Matt Warder (Coal Trader)

• De Beers chief is confident that the US will remove tariffs on diamonds that he believes are of “no benefit” to the country (FT)

• Dryblower: Mining super tax might follow Labor's easy win (MNN)

• Is the lithium market due a second wind? (MNN)

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