• ‘No current plan to sell’: Evolution Mining says no deal afoot for Kalgoorlie Mungari mine (West, MiningNews)

• Base metals and iron ore gained as the dollar dropped following US President-elect Donald Trump’s measured pick for Treasury secretary (Bloomberg)

• Gina Rinehart calls for an Aussie MAGA movement (MiningNews)

• Barrick updated its MRE for its Fourmile gold project to 8Moz, with a PFS to start in 2025 (MiningNews)

• EPA to assess a major wind and solar hub proposal after receiving +280 responses during the comment period (BN)

• Thyssenkrupp’s steel unit plans to reduce its labour force by about 40% (11k jobs) this decade, a move that would shrink a business that’s lost billions to a global steel glut and rising energy prices (AFR)

• Wesfarmers is at odds with the Coalition over its refusal to back production tax credits for the critical minerals sector (Australian)

• Chris Ellison quits as Delta Lithium chairman ‘effective immediately’ (AFR)

• Expectations of colder weather in the US and an early start to the withdrawal season have seen US natural gas starting the week on a strong note (ING)

• Peabody has emerged the winner in the race to acquire Anglo’s met coal mines in Queensland for a price tag of up to US$3.32b (BTU, AAL) consisting of upfront cash US$1.7b; deferred cash US$625m in four annual instalments; and contingent payments of up to US$1.0b

• Separately, Anglo’s Dawson mine will be onsold to Indonesia's BUMA for US$455m (US$355m upfront and US$100m in four annual instalments) in a back to back transaction (IQ, BTU)

• All up, Anglo American will pocket up to US$4.9b of total cash proceeds from the coal asset sales which is probably a fair bit north of the NAV most analysts had ascribed to the portfolio (AFR)

• Having missed out on Anglo coal, Yancoal is turning its attention to the EMR/Adaro stake in Kestrel (Australian) Just as holders got excited about a divvie!

• Newmont agreed the sale of Éléonore for US$795m in cash to London-based private miner Dhilmar. Newmont has now grossed $3.6b from non-core sales (NEM)

• Siren Gold completed the $22m sale of Reefton to Rua Gold, with Siren now a 26% shareholder in Rua (SNG)

• Carnaby is in trading halt pending a material acquisition & raising, with the Fin reporting a $15m raise & purchase of the Trekalano copper mine (CNB)

• True North Copper completed their fully underwritten $50.3m conditional placement as part of the recap to extinguish all debt and fund a revamped drilling and exploration strategy (TNC) Paul Cronin of ex-Adriatic Metals fame proposed Non-Exec Chair, reinstatement to ASX expected early Jan ‘25

• Alara Resources have undertaken to not issue any new shares under its rights issue without approval from the Takeovers Panel, in response to an application to the panel from shareholder Kent Bedford last week (AUQ)

• Novonix will raise $52m at a 30% discount to the the 5-day VWAP (NVX)

• One deal that we have heard in the past and seems to be getting some renewed speculation after a recent analyst site visit is South32 looking to increase their ownership in Sierra Gorda

• S32 currently has a 45% interest in the Chilean copper mine with JV partner KGHM (55%). We are hearing that S32 wants a greater interest plus operatorship

• Whether there’s a deal to be done with the Polish miner remains to be seen. Every deal has its price

• John Hempton - Market Madness & Future Opportunities (Spotify, Apple) Perth-based $1b+ gold frauds, any guesses?

• Podcast: Markets unprepared for West-To-East capital repatriation with Louis Gave (Spotify, Apple)

• BYD’s hybrid pickup targets Australia’s love of gas-guzzlers (Bloomberg)

• Dryblower: Mali’s Resolute raid a sign of things to come (MiningNews)

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