Daily Brief Energy/Materials: Deep Yellow Ltd, Bumi Resources Minerals Tbk, Washington H. Soul Pattinson and Co. Ltd and more

In today’s briefing:

MV Global Uranium & Nuclear Energy/Infra Index Rebalance: Changes Lead to US$445m Trade
BRMS (IDX: BRMS) – Transitioning to a Mid-Tier Gold Producer
Last Week In Event SPACE: Brickworks/Soul Patts, Shibaura Electronics, News Corp/Fox/REA, Dongfeng

MV Global Uranium & Nuclear Energy/Infra Index Rebalance: Changes Lead to US$445m Trade

There is 1 add/delete for the MarketVector Global Uranium and Nuclear Energy Infrastructure Index while there are no constituent changes for the MVIS Global Uranium & Nuclear Energy Index.
Encore Energy (EU US) will replace Boss Energy (BOE AU) in the MarketVector Global Uranium and Nuclear Energy Infrastructure Index.
The round-trip trade across both indices is US$445m with capping changes resulting in much bigger flow for the MVIS Global Uranium & Nuclear Energy Index.

Business Performance – BRMS has delivered explosive revenue and earnings growth, with Citra Palu now producing ~100k oz gold annually at strong margins.
Plans – The company is expanding with a third plant at Citra Palu in 2025 and developing the Gorontalo copper-gold project for 2027.
Growth & Valuation – With ~8 Moz in reserves and NAV leverage, BRMS is positioned to double revenues post-2027, though current valuations already embed high expectations.

Following shareholder approval, there’ll be an index DELetion for Brickworks (BKW AU), and an index UPweight for Soul Patts (SOL AU). BKW’s last day of trading is the 15th September.
Minebea Mitsumi (6479 JP)‘s Offer for Shibaura Electronics (6957 JP). That leaves this to be done by Yageo Corporation (2327 TT), unopposed.
After a protracted succession stoush, Rupert Murdoch’s son Lachlan asserts control of News Corp Class B (NWS US) and Fox (FOXA US).

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