• Min Res’ plans for its proposed 250TJ Lockyer Gas Project have emerged within its EPA application (The West Australian) - Interesting that Stokes’ publication is supporting the lobbying noting BPT has an exemption!

• Gold Valley’s iron ore project, Wiluna West, is facing closure if iron ore prices fall below US$100 per tonne (The West Australian)

• Fortescue let the deadline to buy green energy for its stalled Gibson Island hydrogen plant lapse (The Australian)

• Gold shatters new records with tensions in the mid-east adding to the precious metal’s bull case (Reuters)

• Goldman Sachs, JP Morgan & ANZ amongst sell-side advisers telling their clients that gold is in for a bullish year (AFR)

• The Biden Administration continues its renewables push by approving the USA’s eighth commercial-scale offshore wind project (Reuters)

• Russia’s 3rd largest oil refinery has been hit by a Ukrainian drone. The core unit which has been hit refines 340,000bpd of crude (Reuters)

• New York-listed Gold Fields achieved first production at Salares Norte gold mine in Chile, taking 13 years from exploration to production (Mining.com)

• Traditional owners of south-west Victoria have released a statement indicating they’ve not been adequately consulted on offshore wind projects (The Australian)

• Morgan Stanley has told clients the recent era of bumper dividends may be behind us, forecasting dividend payout ratios to fall (AFR)

• The EU has exited winter with record gas storage levels after another mild season. Feb demand was roughly one-fifth lower than 2019-21 (FT)

• Deutsche Bank added to the pool of advisers forecasting that Glencore will leave the LSE, tipping New York as its new home (Mining.com)

• Whitehaven Coal has completed the $6.4b acquisition of Queensland coal mines Blackwater & Daunia from BHP (The Australian)

• FIRB has requested an extension to 30 April to approve SQM and Hancock’s acquisition of Azure Minerals (AZS)

• After spending several days in a trading halt, Regis Resources came out with a relatively benign announcement on McPhillamys this morning. Were they looking to raise money concurrently before today? 🤔(RRL)

• Encounter Resources in trading halt pending a capital raise (ENR)

• Yesterday Winsome Resources entered a trading halt pending an announced deal. We are led to believe the transaction is likely to involve the Renard Diamond Mine - a permitted operation 100-150kms from Winsome’s Adina. The operation is in care-and-maintenance currently and a road is required to be built from Renard to Adina for Adina’s logistics to be unlocked.

• Time to throw another name in the mix as Karora’s potential new suitor - Agnico Eagle. By now you should know that we are throwing darts, right?

• Gulf States continue to diversify their fossil fuel wealth into mining assets, with African assets being a major focus. Deals for Zambian copper assets Mopani and Lubambe are the most recent examples of the Middle East’s financial capabilities. Will competition to China’s dominance be beneficial? (FT)

  

  Gulf Nations looking to gain a foothold in mining

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