BHP ($305B) - BHP reported Q1 production of 66.5Mt iron ore, 401kt copper, 4.9Mt steelmaking coal and 4.4Mt energy coal; FY27 production and unit-cost guidance unchanged | Weaker copper offset by stronger pricing

RRL ($5.4B) - Regis produced 83koz gold at AISC $3.6k/oz in Q1, cash and bullion +$93m QoQ to $1.3B; guidance 360–400koz maintained | AISC +7% on expectations on slightly lower output

DBI ($2.8B) - Dalrymple Bay guided TY-26/27 distributions to 28.6cps and disclosed a $350m note issue, with TIC now $4/t

ALK ($2.4B) - Alkane reported drilling at Nagambie with 10.6m at 3.3 g/t gold, 0.7% antimony from 156m, extending C2 115m down-dip

BGL ($2.2B) - Bellevue produced 35.6koz gold at AISC $3.1k/oz, maintained FY27 guidance (150–170koz), with cash + bullion +$6.8m QoQ to $213m as hedges cut to 57.5koz | Softer than expected, no hedging til Sept 27’

BCI ($1.6B) - BCI reached 90% construction at Mardie with 266kt crystallised salt; available funds $316m vs $178m cost to complete

NMG ($665m) - New Murchison doubled Airstrip's mineralised strike to ~730m at Garden Gully gold, including 20m at 2.5 g/t gold from 50m

BCN ($350m) - Beacon produced 6.3koz gold in the quarter and sold 8.3koz at $5,998/oz for $50m, guiding ~6koz for Dec

WTM ($276m) - Waratah hit 42m at 2.23 g/t gold from 12m at Goldenclad, 1km along strike from Consols at the Spur project, NSW

MMI ($255m) - Metro updated 2026 bauxite guidance at 6–6.5Mwmt

AUE ($243m) - Aurum reported assays ahead of an end‑Oct Boundiali gold MRE update: 57m at 2.34 g/t gold from 290m at BST1

CRI ($73m) - Critica's Jupiter scoping study outlines an 8Mtpa MREC operation in WA with after-tax NPV₈ $2B and pre-production capital $556m

AQD ($64m) - AusQuest received permits for 20 additional pads to extend drilling 1km south at Cangallo (Peru)

TNC ($53m) - True North grew contained CuEq at Cloncurry 62% to 204kt, with flotation at 89% Cu recovery, 20% concentrate

CZR ($46m) - CZR hit 3.7m at 13.6 g/t Au from 152m at Croydon, WA, confirming a second lode to >250m

RCM ($29m) - Rapid hit 4m at 2,089 g/t silver from 24m at the Webbs silver project, NSW, extending 117m north of resource

WCE ($28m) - West Coast Silver's partner Falcon drilled 12m at 2.8 g/t gold from surface at the Errabiddy Gold project

VKA ($26m) - Viking intersected 14.5m of visible scheelite from 16.8m at the Linka Tungsten project, Nevada

NSW govt intervenes to protect 400 jobs at MACH Energy's Mt Pleasant coal mine after High Court ruling (The West)

Australia approves Posco's $3B low-carbon iron plant at Port Hedland (Bloomberg)

Volvo spins out dedicated mining brand to capture the growing demand in mining (MM)

CME to launch tungsten futures amid China's export restrictions and rising global demand (FT)

Ghana plans to ban raw mineral exports by 2030, says President John Mahama (Mining.com)

CUF ($108m) - CuFe will acquire the outstanding 45% of the Tennant Creek Cu-Au project from Gold Valley & Horseshoe for 1.6B shares ($83m), leaving Gold Valley at 53% with voting limited to 20% | As we discussed (#3), more below

LEL ($32m) - LE Minerals said M Battery Materials lodged an IPO prospectus to raise $15m-$25m at 50c, advancing the $20m sale of its graphite projects in Qld

AKA ($32m) - Aureka will acquire the owner of the Fiddlers Creek Au-Ag mine and Wedderburn mill in Vic, for $8.9m ($2.5m cash, $6.4m shares) plus $2m earnouts

GA8 ($32m) - GoldArc completed the acquisition of the Niagara West and Niagara North gold prospects from Regener8 for $1.5m in shares, plus up to $1m tied to MREs at >1.5 g/t Au

CRR ($28m) - Critical secured exclusivity to acquire 90% of the Gadu Manda gold project in Suriname for US$200k plus 2.5m shares | ▲ 13%

Shenghe sells 51% stakes in four rare earth subsidiaries to China Rare Earth (Mining.com)

Gold Fields poised to acquire Northern Star pending final negotiations (Dryblower)

New Hope acquires Malabar for $1.8B, issuing $1.3B in new shares (AFR)

WCN ($89m) - White Cliff approved $9m placement to Hancock

BOA ($51m) - BOA is in a trading halt pending a capital raise announcement

CuFe's consolidation of its Tennant Creek JV with Gold Valley and Horseshoe looks to us like another step towards an increasingly obvious endgame. We’re planting our flag early. We'd be very surprised if Pan African doesn't acquire CuFe in 2027.

Pan African already owns ~15% of CuFe, operates the nearby Nobles gold processing plant and has publicly identified synergies with CuFe's Gecko and Orlando projects. It has the strategic rationale, the infrastructure and a foot on the register. Subtlety is not required to join the dots.

If CuFe is still independent come Christmas 2027, we'll have badly misread the tea leaves.

LYC ($11B) - Capital Group took a 5.2% stake in Lynas

SFR ($9.6B) - AusSuper trimmed its holding in Sandfire to 9.5% from 10.5%

PLS ($9.6B) - First Sentier sold down to 6.2% of PLS

TVN ($411m) - Tivan appointed Rebecca Moylan as CFO

SLS ($380m) - Acorn bought $3.3m of Solstice shares, emerging with 5.1%

TOR ($144m) - Franklin Templeton bought $5.1m of Torque shares, lifting its stake to 8.3%; separately, Regal Partners emerged with 5.4%

KZR ($61m) - YT International lifted its stake in Kalamazoo to 9.4%

Chinese EV giant BYD more than triples local Aussie sales to $2.4B (AFR) 8^th best-selling brand (and rising). EVs now 26% on new sales in Aus

Hambro ‘Dismayed’ by gold buybacks (MFL)

YJ Lee argues lithium’s Sept sell-off was overdone, with China’s apparent inventory surge largely a statistical illusion (Green Metal Fund)

Why the Commodity Bull Run Isn’t Over (Merryn Talks Money) Bullish commods, bearish gold (shorter term)

The boy with the black stuff (SMH) 2012 article on coal baron Tony Haggarty

China & Japan collide over JOGMEC Project?; Lynas prejudiced by Brazil?; Malaysia’s Sultan of Rare Earths; NTU to become an SOE? (TREO)

The fine print we enjoyed in the CuFe deal: Gold Valley’s voting is capped at 20% for 18 months, but it gets its full 53% vote back on related-party deals it isn’t party to

Translation: For the next 18 months, Gold Valley signs off on the directors’ options