Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and pretend to get work done.

Here are the important points:

🫠 The Plot Thickens In China Trade War

🫠Ivanhoe Mines 10 Bags Profit

🫠 B2Gold Buys Into Snowline

🫠 Trillion Hitting More Gas

🪨 China Yields To Australian Coal?

The plot thickens between Australia and China, with Beijing deciding to lift trade restrictions on Australian coal imports for all domestic companies, marking the end of limitations imposed in late 2020.

Sources familiar with the decision, who requested anonymity, have informed that ports and customs offices have been instructed to allow these shipments. Earlier this year, four major importers had been granted permission to resume purchasing Australian coal, with shipments starting in January.

Following the gossip news, Australian coal mining stocks such as Yancoal Australia Ltd. (ASX: YAL) and New Hope Corp. (ASX: NHC) experienced a reduction in losses. Meanwhile, Chinese coking coal futures continued to decline.

China's National Development and Reform Commission, the country's economic planning agency, has not yet commented on the matter.

🙀 Ivanhoe 10 Bags Profit

Ivanhoe Mines reported record-breaking financial results for 2022, with a near tenfold increase in profit to $434 million and revenue reaching $2.15 billion. 

The Kamoa-Kakula copper complex in the Democratic Republic of Congo produced 333,497 tonnes of copper concentrates in 2022.

The company is advancing the Phase 3 expansion of Kamoa-Kakula, which is expected to be completed in late 2024 and improve cash costs by 10% to 20%. Ivanhoe is also conducting a copper exploration program on its Western Foreland licenses and has initiated an optimization study at its Platreef mine in South Africa.

Maybe investors were pricing it in already since the stock barely moved today, inching up some 3% towards C$11.59.

The Editor is not bitter for selling it at C$3.60 years ago.

🌨️ B2Gold Buys Into Snowline

Snowline Gold Corp. (CSE:SGD) announced a strategic investment agreement with B2Gold Corp. (TSX:BTO) (NYSE: BTG) (NSX: B2G). B2Gold will purchase shares of Snowline following an initial non-brokered flow-through PP arranged by Snowline.

Snowline plans to issue up to 3,941,048 flow-through shares at a price of C$4.862 per FT Share, raising a total of up to C$19,161,375.

On completion of the PP, B2Gold will approximately 5.0% of Snowline's issued and outstanding common shares, since they’ve made purchases of 3,000,000 shares recently on the open market, and will also be granted the right to maintain its pro rata ownership of up to 5.0% in future equity raises.

💨 Trillion Hitting More Gas (Than Grandma After Eating Beans)

Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) has announced preliminary gas indications from the West Akcakoca 1 well, the fourth well in its multi-well program at the SASB gas field in the Black Sea, Turkey.

On March 10, West Akcakoca 1 achieved a total measured depth (TMD) of 3,839 meters and a true vertical depth (TVD) of 1,677 meters. During drilling, a significant amount of gas pay was found. Analysis of logging while drilling (LWD) data indicates 55 meters of potential natural gas pay within six sands in the Akcakoca member (SASB production zone).

The LWD data aligns with initial mud show results. The 7" production casing will be installed and cemented this week.

The initial perforation intervals are currently being chosen to bring the well into production. Completion and flow testing will take place after the well is perforated, with revenue generation expected before the end of the month.

So far Trillion is 4/4 for this campaign.

Not bad.

Meme of The Day

Happy Speculating!

The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.