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Rio has spent a month provoking the world’s escalating abhorrence with iterative, disingenuous, pedantic and qualified apologies (reports The Australian Financial Review).

Rio has spent a month provoking the world’s escalating abhorrence with iterative, disingenuous, pedantic and qualified apologies (reports The Australian Financial Review). Nearly a month since Rio Tinto detonated the Juukan Gorge caves over the protests of their traditional owners, the mining giant’s chairman, Simon Thompson, nailed his apology on the first attempt. “On behalf of the Rio Tinto board, I would like to apologise to the Puutu Kunti Kurrama and Pinikura people,” Thompson said on Friday.

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Macquarie believes commodities are in the early stages of a mini-upcycle that could play out over the next 1-3 years.

Macquarie believes commodities are in the early stages of a mini-upcycle that could play out over the next 1-3 years. Analysts believe the wave of stimulus spending by global governments to aid the recovery from the COVID-19 pandemic will drive demand for commodities. "We believe a mini-upcycle in commodities started in April 2020 (a month after the low in equities)," Macquarie said.

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Shares in Bellevue Gold hit fresh highs after the company reported “exceptionally strong” results from metallurgical testwork (reports MiningNews).

Shares in Bellevue Gold hit fresh highs after the company reported “exceptionally strong” results from metallurgical testwork (reports MiningNews). The testwork, on ore from the Bellevue project near Leinster, generated recoveries averaging 97.8% across the multiple lodes using conventional gravity and leaching processes and standard reagents. Gravity-only recoveries ranged from 72.6% to 91.7%. The company said the results were in line with historical recoveries from Bellevue, which averaged about 96% while in production between 1988 and 1996.

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Genesis Minerals has agreed to acquire the Kookynie gold project near Leonora in Western Australia, and will raise A$19.5 million to advance a standalone project at its adjacent Ulysses project (reports MiningNews)

Genesis Minerals has agreed to acquire the Kookynie gold project near Leonora in Western Australia, and will raise A$19.5 million to advance a standalone project at its adjacent Ulysses project (reports MiningNews). The company had entered into an agreement with A&C Mining and Yijun Zhu to acquire Kookynie, which has a resource of 8.53Mt at 1.5 grams per tonne gold for 414,000 ounces of gold.

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Leading broking firm Canaccord Genuity has upped its price target for gold developer Bellevue Gold (ASX: BGL)

Leading broking firm Canaccord Genuity has upped its price target for gold developer Bellevue Gold (ASX: BGL) once again to $1.45-a-share (from $1.35 previously) following further positive news this week from the Company’s namesake WA gold project. According to Canaccord’s Perth-based resource analyst Tim McCormack, Bellevue is “ticking all the boxes” at its high-grade Bellevue project with the latest update continuing to “validate the project as an exciting, low capex development proposition in our view.”

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Plus, Pilbara Minerals’ chief Ken Brinsden explains why the lithium story is no flash in the pan, with many more big mines needed to satisfy looming demand wave

Premier Daniel Andrews’ “why would you want to go there’’ jab in response to being left out of South Australia’s travel bubble had a certain irony about it for active mineral explorers in his state of Victoria. Stavely Minerals’ (ASX: SVY) executive chairman Chris Cairns said this week that when the company listed on the ASX in 2014 in a $6.1 million float focused on the big-time copper potential of the Stavely volcanic belt in western Victoria, he was often asked: why Victoria?

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“Greenlit” is the new description of gold, which traded this week between the tramlines of $US1710-and-$US1730 an ounce but could soon be heading for $US1900/oz as negative virus and geopolitical news dampened enthusiasm for rival assets

“Greenlit” is the new description of gold, which traded this week between the tramlines of $US1710-and-$US1730 an ounce but could soon be heading for $US1900/oz as negative virus and geopolitical news dampened enthusiasm for rival assets. Signs of a second wave of COVID-19 in China and the US destroyed confidence that the worst of the economy-sapping virus had passed.

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Stavely Resources has delivered an exceptional copper-gold drill result from its drill-out of the Cayley Lode at its Thursday’s Gossan project in Victoria

Stavely Resources has delivered an exceptional copper-gold drill result from its drill-out of the Cayley Lode at its Thursday’s Gossan project in Victoria, with the company saying it continues to “be amazed by the scale of this mineral system” (reports MiningNews). The new intercept of 87m grading 1.74% copper, 0.57 grams per tonne gold and 20gpt silver from 140m down hole is seen as being on par to the discovery hit of 32m at 5.88% copper, 1gpt gold and 58gpt silver from 62m downhole reported last September. The two hits are 100m apart.

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