Afleveringen
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The Mining Insider — July 5, 2026
DRC Cobalt — ARECOMS Quota Clawback Confirmed: The DRC government confirmed this week it has withdrawn unused H1 2026 cobalt export quotas. The July 5 ARECOMS deadline was not extended. CMOC, Glencore's Kamoto Copper Company, Eurasian Resources Group, and Huayou Cobalt are among those affected. Up to 20,000 metric tons ($1.1B at $26/lb) have been removed from H1 export allocations. Annual cap of 96,600 tonnes for 2026-2027 remains intact. DRC controls ~70% of global mined cobalt output.
Mojtaba Khamenei — Absent from Funeral: Iran's new Supreme Leader has not appeared at any stage of the six-day state funeral in Tehran. Security officials blocked his appearance over Israeli assassination fears. He reportedly wants to attend the July 9 burial in Mashhad. President Pezeshkian confirmed Mojtaba approved the US diplomatic agreement (12-1 Supreme National Security Council vote). Post-funeral appointments will signal foreign policy direction. US-Iran talks remain suspended until after July 9. Brent holding below $71/bbl.
Vedanta CopperTech Metals — Konkola Copper Mines: Vedanta Resources launched CopperTech Metals Inc., a US-domiciled company to own and operate Konkola Copper Mines in Zambia — one of the world's highest-grade copper assets, with significant cobalt reserves. Designed to enhance American copper supply security amid Section 232 tariffs and surging data center/grid/defense demand.
South32 — Sandvik Largest-Ever BEV Order at Hermosa: South32 selected Sandvik for its largest single battery-electric vehicle order, covering all underground fleet requirements for the Hermosa critical minerals project (zinc, manganese) in Santa Cruz County, Arizona. Deliveries Q4 2026 through 2030.
Sources: SMM Metals/Sina Finance, Business Insider Africa/Reuters, Euronews Persia/NYT, Copperbelt Katanga Mining/Sandvik.
Host: Logan Ore — The Mining Insider.
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The Mining Insider — July 4, 2026
Iran / Hormuz — Funeral Freeze: Six-day funeral for slain Supreme Leader Ayatollah Ali Khamenei began July 4 in Tehran, 15-20 million mourners expected. All US-Iran negotiations suspended until July 9. UK PM Starmer and French President Macron pledged Hormuz protection with Oman; France deployed mine-clearing assets. Iran warned both countries off any military presence. Brent below $71/bbl approaching pre-war levels.
Canada-BC Cooperative Prosperity Agreement: PM Carney and BC Premier Eby signed a landmark resource agreement July 2. $500M to expand Red Chris copper mine (Newmont/Newcrest), targeting 15%+ increase in Canada's annual copper output. Accelerated permitting for LNG Canada Phase 2, Ksi Lisims LNG, Cedar LNG, Woodfibre LNG. $3.9B North Coast Transmission Line. Alberta separately announced a proposed $35-44B oil pipeline Bruderheim to BC coast, expected as project of national interest by October 1.
MMG-Anglo American Nickel Brazil: MMG and Anglo American extended the acquisition deadline for Anglo's Brazilian nickel business to October 31, 2026. EU Phase 2 antitrust review on hold since November 2025. Includes Barro Alto and Codemin ferronickel facilities. MMG is Minmetals-controlled.
DRC Cobalt Customs Deadline: ARECOMS July 5 deadline arrives today. Customs platform frozen since July 1. 60-75% of producers unable to file. Up to 20,000 metric tons ($1.1B) at risk. CMOC awaiting one-month extension response. Glencore (Kamoto) watching.
Sources: Reuters, AP, CNBC, Investing.com; Resource Works/Globe Newswire; MLex/Law360; Reuters/Kitco.
Host: Logan Ore — The Mining Insider.
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The Mining Insider — July 3, 2026
Today's episode covers four material developments from July 2–3, 2026.
BHP — San Manuel Copper Transfer to Faraday: BHP has finalized its agreement to transfer the historic San Manuel copper property in Arizona to Canada's Faraday Copper Corp. In exchange, BHP receives a 30% equity stake in Faraday — bringing its total holding to approximately 32.5% on a non-diluted basis — plus shareholder and offtake rights. Faraday's market cap stands at approximately C$1.82 billion (US$1.28 billion). The Lundin Group (Nemesia) confirmed BHP as a strategic co-investor. San Manuel was the largest underground copper mine in the US before closing in 1999. BHP says combining it with Faraday's adjacent Copper Creek project could establish a new Arizona copper hub.
BHP Pilbara — Labor Deal at South Flank and Mining Area C: Workers voted 58% in favor of a new four-year enterprise agreement covering 1,814 workers. Key terms: 16% wage increase over four years, increased site allowances, and a delayed-flight payment scheme. Unions noted significant minority opposition. Port Hedland — the more critical facility at $120M/day iron ore revenue — remains unsettled, with workers previously voting for protected action.
DRC Cobalt — Customs Platform Freeze: Since July 1, major cobalt producers in the DRC have been unable to register export declarations on the customs platform. ARECOMS set a July 5 deadline for first-half quota use; unused quotas will be withdrawn. Up to 20,000 metric tons — worth $1.1 billion — may be forfeited. CMOC is among those most at risk. Cobalt prices have surged 160% since February 2025 to $26/lb. Mining companies have appealed to Congo's prime minister to intervene.
Gold — First Weekly Gain in Five: Spot gold rose above $4,170/oz on weak US June jobs data (57,000 jobs added vs ~150,000 expected; April/May revised down 74,000). Fed rate hike bets eased, dollar weakened. Northern Star surged 11.75% on the ASX; Catalyst Metals +19.18%; Genesis Minerals +16.70%. Copper COMEX up 1.73% to ~$6.22/lb.
Sources: Reuters (BHP/Faraday, BHP labor, DRC cobalt), Kitco/Reuters (gold), ABC Markets Live (ASX data).
Follow us at The Mining Insider. Host: Logan Ore.
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The Mining Insider — July 2, 2026
Today's episode covers four material developments from July 1–2, 2026.
Agnico Eagle — Barnat Pit Wall Movement: A rock mass movement on July 1 along the north wall of the Barnat open pit at Canadian Malartic in Quebec has prompted a temporary suspension of open-pit mining. No injuries or environmental impact. The company expects the disruption to reduce second-half 2026 production at Canadian Malartic by 60,000 to 80,000 ounces of gold, with further impacts of up to 150,000 ounces per year in 2027 and 2028. Full-year 2026 guidance now expected near the lower end of the 3.3 to 3.5 million ounce range.
Cameco — Cigar Lake Suspension: Cameco temporarily suspended mining at Cigar Lake on July 1 after a sulfuric acid plant failure shut down Orano's McClean Lake mill. Cameco expects the mill back online in approximately two weeks and says its 2026 production guidance of 17.5 to 18.0 million pounds remains unchanged — though downside risk was flagged.
Northern Star — CEO Transition: Northern Star Resources has named Suresh Vadnagra, currently head of Glencore's nickel and zinc industrial assets, as its next managing director and CEO, effective October 5, 2026. The appointment follows pressure from activist investor Elliott Investment Management, which built a stake worth more than A$1.0 billion.
Adani–IHC Aluminum JV — Odisha: Abu Dhabi's IHC and India's Adani Group signed a memorandum of understanding for a 50/50 joint venture targeting an $11.5 billion integrated aluminum complex in Odisha — India's largest-ever foreign investment in mining and metallurgy.
Sources: Agnico Eagle press release (CNW/Yahoo Finance), Cameco press release (Business Wire/Reuters), MarketWatch/Australian Mining Review, Business Standard/Reuters.
Follow us at The Mining Insider. Host: Logan Ore.
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July 1, 2026 — The Mining Insider with Logan Ore
Today's stories:
1. South32 Sells Aluminium to Alcoa for $5.6B — Copper Takeover Target: Reuters Breakingviews analysis: South32, freed from its largest non-copper asset, becomes a lean copper miner likely to attract Glencore or BHP (its former parent). Departing CEO Graham Kerr's transformation complete. Brandon Craig starts as BHP CEO today — South32 is directly relevant to his buy-vs-build copper challenge.
2. BHP Craig Day One — 62 Diesel Trucks Ordered at Jimblebar: Alongside the ceremonial launch of 2 battery-electric Cat 793 XE trucks, BHP confirmed 62 new diesel trucks were ordered for Jimblebar, approved to run through at least late 2030s (possibly 2041). ~$500M diesel fleet. Geraldine Slattery: early retirement is 'premature.' Craig must present revised climate action plan to shareholders within 2 years.
3. Ghana GoldBod 30% Offtake Live Today: Effective July 1, the Ghana Gold Board begins purchasing 30% of production from Newmont, Gold Fields, Zijin and all large-scale miners. Settlement in Ghanaian cedis at BoG reference rate minus 0.55%. No free conversion to USD. Gold near $4,906/oz (Gulf News Dubai data).
4. Iran Refuses Doha Meeting — Hormuz Talks Collapse: Iran's Foreign Ministry confirms it will not meet with Kushner/Witkoff delegation in Doha. 60-day MOU clock running. Brent crude faces upward pressure. Iran's FM reiterates mine clearance conducted by Iran alone.
Tomorrow's Flashpoint: BHP Port Hedland July 7 critical labor bargaining session — 3 unions, $120M/day iron ore revenue at stake.
Hosted by Logan Ore. Sources: Reuters Breakingviews, ABC News Australia, Al Jazeera, Times of Israel, Gulf News.
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June 30, 2026 — The Mining Insider with Logan OreToday's stories:1. Hormuz Doha Talks — Fragile Stand-Down: Trump declared Iran requested a meeting in Doha. Kushner and Witkoff flew to Qatar. Iran says its delegation is there to review MOU implementation, not to meet Americans directly. Qatar, Oman and Pakistan mediating. Goldman Sachs: Gulf flows could return to 23M bpd pre-war levels by early July. Brent ~$72.40. 60-day MOU clock running.2. BHP Day One Tomorrow — Craig's Buy-vs-Build Conundrum: WSJ analysis June 30: Craig inherits Mike Henry's unresolved copper growth challenge. BHP targets 2.5Mt copper equivalent by mid-2030s. Organic path: Resolution, Escondida New Concentrator, Vicuna JV. Acquisition path: Anglo American rejected in 2024; other targets remain. Reuters: strikes (Port Hedland, July 7 session), soaring costs (Jansen $2.3B impairment), M&A — all await Craig on day one.3. Murray & Roberts Sold for R1.27B: Differential Capital acquires global mining services unit; 2,600 jobs preserved; Cementation Africa and Americas included. R1B on closing + R270M deferred. Closes today, June 30. Part of Nov 2024 business rescue.4. Section 232 Copper Report Delivered to White House Today: Globe and Mail confirms Commerce may update prior 25% tariff recommendation. No Presidential Proclamation announced. COMEX at record 652,200 tonnes. LME ~$13,100/t. Presidential action could come this week or in coming weeks.Tomorrow's Flashpoint: BHP Brandon Craig Day 1 as CEO (July 1). Ghana GoldBod 30% offtake effective July 1.Hosted by Logan Ore. Sources: Fox News, Al Jazeera, Reuters, India Today, WSJ, BizCommunity, Globe and Mail.
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June 29, 2026 — The Mining Insider with Logan Ore
Today's stories:
1. US-Iran Stand Down and Doha Talks: Both sides agree to halt strikes. Talks in Doha begin today, focused on Hormuz shipping operations before wider nuclear/sanctions issues. Iran asserts sole control of corridor; warns ships not to bypass its chosen route (WSJ, Straits Times). Hormuz traffic declining (Bloomberg). IMO convoy evacuations suspended.
2. Trump Signs New Section 232 Tariff Adjustment June 29: AP confirms lowering of some farming equipment tariffs; extension of tariffs on other equipment categories. Follows Proclamation 11032 (effective June 8). Copper-specific Section 232 report is a separate track due to White House tomorrow.
3. Canada First G7 Government to Invest in Greenland Mining: C$7 million non-repayable contribution from Natural Resources Canada to Greenland Resources' Malmbjerg molybdenum open-pit project. Metallurgical program runs through March 2028. By-product recovery of magnesium and rare earth elements under evaluation. Molybdenum classified critical mineral by EU and US.
4. Copper Tariff Deadline June 30 — Three Scenarios: Commerce Dept Section 232 refined copper report due to White House tomorrow. SMM outlines three outcomes: (a) phased tariff confirmed (15% 2027, 30% 2028), (b) targeted product-form/origin measures, or (c) delay/exemption. COMEX inventories at record 652,200 tonnes. LME copper ~$13,100/t.
Tomorrow's Flashpoint: Section 232 copper report delivered to White House June 30.
Hosted by Logan Ore. Sources: The National, India Today, Wall Street Journal, Straits Times, Bloomberg, AP News, Greenland Resources (primary), Reuters, SMM/Metal.com.
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June 28, 2026 — The Mining Insider with Logan Ore
Today's stories:
1. BHP, Rio Tinto and Caterpillar — Battery-Electric Haul Truck Trial Milestone: The two Cat 793 XE Early Learner trucks at BHP's Jimblebar iron ore mine in the Pilbara have logged 100+ operating hours and 200+ test laps. Trial enters dynamic charging phase. Quotes from BHP Australia President Geraldine Slattery and Rio Tinto Iron Ore CEO Matthew Holcz.
2. Hormuz Strategic Standoff: Straits Times analysis — Iran's objective is not just reopening the waterway. It is strategic control: transit fees, missile batteries, up to $40B in annual revenue. Ceasefire technically intact but unraveling. Iran simultaneously resumes UAE trade via Dubai's Jebel Ali Port.
3. US Section 232 Metals Tariff Overhaul — Proclamation 11032 (effective June 8): Agricultural equipment and residential HVAC reduced from 25% to 15%. Mobile industrial equipment (bulldozers, forklifts, cranes) gets new tiered Annex I-C category. US-content threshold for preferred 10% rate lowered from 95% to 85% by weight. All temporary through Dec 31, 2027.
4. Barrick Fourmile — Barminco Wins A$275M Contract: Perenti's Barminco awarded underground development contract for Barrick's fully owned Fourmile gold project in Nevada's Carlin Trend. Indicated resource: 6.3M oz at 12.4 g/t. Contract covers decline development, underground infrastructure and initial stoping. Part of Barrick's broader $3B buyback + development strategy.
Tomorrow's Flashpoint: US Section 232 copper tariff report due to White House Monday June 30.
Hosted by Logan Ore. The Mining Insider is produced daily for mining executives, operators, investors, suppliers, and analysts.
Sources: CIM Magazine, Rio Tinto (primary), Straits Times, Anadolu Agency, BDO USA, ArentFox Schiff, Global Mining Review, Business News Australia.
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June 27, 2026 — The Mining Insider with Logan Ore
Today's stories:
1. Hormuz Re-Escalation: US and Iran exchange strikes after the Singapore-flagged Ever Lovely is hit by a drone. A second tanker struck Saturday. UK MTOS raises threat to 'substantial.' IMO suspends convoy evacuations. Shipping normalization stalls — direct implications for commodity supply chains.
2. Copper Tariff Deadline June 30: The US Department of Commerce must submit its Section 232 refined copper assessment by Monday. COMEX inventories have surged from 80,000 to a record 652,200 tonnes since early 2025. Goldman Sachs expects copper to breach 4,000/tonne once tariffs formally take hold.
3. BHP — Brandon Craig Takes Command July 1: Final leadership reshuffle announced Friday. Americas split into North and South. Jessica Farrell heads North America (Jansen, Resolution). Edgar Basto moves to Chief Enterprise Performance Officer in September. Craig inherits Port Hedland labor tension, Jansen cost overruns, and copper growth pressure.
4. Hudbay Completes Arizona Sonoran Acquisition: Cactus + Copper World = third-largest copper district in North America. Production pathway: 125,000 t today → 250,000 t by 2030 → 350,000+ t with staged Cactus buildout. CEO Peter Kukielski quoted at close.
Tomorrow's Flashpoint: The Commerce Department Section 232 copper report to the White House — Monday, June 30.
Hosted by Logan Ore. The Mining Insider is produced daily for mining executives, operators, investors, suppliers, and analysts.
Sources: NPR, Bloomberg, Al Jazeera, New York Times, TradingKey, Hudbay Minerals (primary press release), Yahoo Finance, The West Australian.
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The Mining Insider | June 25, 2026Story 1 — BHP's Brandon Craig Takes Over July 1Brandon Craig (53) starts as BHP CEO July 1, 2026. Immediate challenges: Port Hedland three-union ultimatum (July 7 next session); $2.3B Jansen Stage 2 overrun (was under Craig's Americas oversight); year-end Copper South Australia smelter expansion decision; Vicuna copper JV (Argentina/Chile). On uranium: 'I would have a really good look at uranium, but scale is hard.' BHP at ~5% global uranium supply via Olympic Dam byproduct. On M&A: bolt-on possible; Glencore–Rio Tinto standstill expiring. Source: Reuters, June 25, 2026.Story 2 — Gold Below $4,000: Seven-Month LowSpot gold fell to $3,983/oz on June 25 — first time below $4,000 since October 2025. US dollar at highest since May 2025. Fed rate hike bets surging. Copper at ~$6.00/lb (six-week low). Silver near December 2025 lows. Impacts: Barrick (Mali dispute), Newmont (Cadia ramp-up), Agnico Eagle all face margin pressure. Standard Chartered targets $5,100 mid-2027; Morgan Stanley $5,200 H2 2026. Source: CNBC, Qatar Day, Trading Economics.Story 3 — SSR Mining Closes $1.49B Çöpler SaleSSR Mining (Nasdaq/TSX: SSRM) closes 80% stake sale of Çöpler mine (Turkey) to Cengiz Holding for ~$1.49B cash. Çöpler suspended Feb 2024 after heap leach pad incident; $261M net loss in 2024. SSR now a pure Americas producer: Cripple Creek & Victor (CO), Marigold (NV), Seabee (SK), Puna (Argentina). Source: Business Wire, June 24, 2026.Story 4 — Paladin Energy: Atlas Uranium Discovery at Patterson Lake SouthPaladin Energy (ASX/TSX: PDN) confirms Atlas discovery at PLS, Saskatchewan — 3.5km south of Triple R. 7 of 8 holes hit significant mineralisation. Best: 8.0m @ 1.75% U3O8 incl 3.0m @ 4.25% U3O8. First major new discovery at PLS since Paladin's acquisition. Zone open along strike and depth. Uranium spot: ~$85.50/lb. Source: GlobeNewswire, June 25, 2026.RSS Feed: https://feeds.transistor.fm/the-mining-insider
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The Mining Insider | June 24, 2026
Today's dispatch covers a landmark copper supply deal, a cobalt supply chain disruption driven by geopolitical sanctions, the most serious escalation yet in the Port Hedland labor standoff, and a wave of gold price downgrades from major Wall Street banks.
Story 1 — Anglo American + Codelco: Los Bronces–Andina Joint Mine Plan Completed
Anglo American (through Anglo American Sur, 50.1%-owned) and Codelco announced completion of their definitive joint mine plan for Los Bronces and Andina copper mines in Chile. Original agreement: September 2025. Unlocks 2.7 million additional tonnes copper over 21 years (~120,000 t/yr), split equally. Operating costs ~15% lower vs. standalone. Shared pre-tax value: $5B+. Environmental permits targeted by 2030. Anglo CEO Duncan Wanblad: 'the next important milestone.' Source: Anglo American press release, June 24, 2026.
Story 2 — Sherritt International Shuts Canada's Only Cobalt Refinery
Sherritt International (TSX: S) begins controlled shutdown of Fort Saskatchewan, Alberta — the only significant cobalt refinery and one of just three nickel refineries in North America. Cause: US sanctions expanded against Cuba in May 2026, severing feedstock supply from Moa JV in eastern Cuba. Company: no timing guidance for restart. Continues fertilizer/sulphuric acid production. Core cobalt and nickel business at standstill.
Story 3 — BHP Port Hedland Final Ultimatum
ETU, AMWU, and Western Mine Workers' Alliance issue joint statement: BHP must 'meaningfully negotiate' or face widespread strikes. First unified message from all three unions. Federal Resources Minister preparing to intervene. Next bargaining session: July 7. Port Hedland: $120M/day BHP revenue, $7M/day WA royalties. ETU and AMWU already voted for protected action; WMWA ballot application filed.
Story 4 — Wall Street Cuts Gold Targets
Deutsche Bank cuts gold forecast up to 22%, targeting $4,300/oz. Goldman Sachs cut year-end target from $5,400 to $4,900 last week. Driver: hawkish Fed, US dollar at one-year high. Silver at lowest since December 2025. Impacts: Barrick (Mali dispute), Newmont (Cadia ramp-up), Agnico Eagle all face margin headwinds.
Sources: Anglo American press release (angloamerican.com), Mining.com, Seeking Alpha, The West Australian
RSS Feed: https://feeds.transistor.fm/the-mining-insider
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The Mining Insider | June 23, 2026
Today's dispatch covers four developments that span rare earth supply chain consolidation, one of Australia's most consequential labor standoffs in decades, a high-stakes sovereign dispute in West Africa, and a landmark policy reversal in the American heartland.
Story 1 — Energy Fuels + VAC: A $1.9 Billion Mine-to-Magnet Bet
Energy Fuels (NYSE: UUUU) announced a definitive agreement to acquire Vacuumschmelze GmbH (VAC) from Ara Partners for approximately $1.9 billion in cash and stock. The deal combines Energy Fuels' uranium and rare earth mining assets — including White Mesa Mill, which last week secured a conditional $725M Department of Defense loan — with VAC's rare earth magnet manufacturing capacity in Hanau, Germany. Transaction: $718M cash + 65.85M newly issued shares. Expected close: early 2027. Goldman Sachs advised Energy Fuels; Jefferies advised VAC.
Story 2 — BHP Port Hedland: Draft Offer Tabled, July 7 Next
BHP's Australian president Geraldine Slattery tabled a draft enterprise agreement at Port Hedland Tuesday, the first concrete offer in months of talks with three unions (ETU, AMWU, Western Mine Workers' Alliance). Unions seeking $249,000 base salaries by 2028. Unions say 'still some way' from a deal. No industrial action anticipated before July 7 follow-up. Port Hedland: ~$120M/day in BHP iron ore revenue, $7M/day WA royalties.
Story 3 — Barrick vs. Mali: $512 Million and Rising Pressure
Mali's junta demands 300 billion CFA francs (~$512M) from Barrick Gold in backdated taxes, customs duties, and contested dividends from its 20% stake in Loulo-Gounkoto (650,000–700,000 oz/year gold). Barrick denies allegations, cites $10B+ contributed to Mali economy. Junta has previously detained staff; settlement range $350–450M floated.
Story 4 — Minnesota's Twin Metals: The Ban Is Gone
President Trump signed a Congressional Review Act resolution on April 27, 2026, overturning Public Land Order 7917 — the Biden-era withdrawal of 225,000 acres of Superior National Forest. Twin Metals Minnesota (Antofagasta subsidiary) targeting the Duluth Complex: estimated 95% of US nickel, 88% cobalt, ~33% copper. Initial capex: $1.7B+. DOI record of decision expected late summer; full environmental review still required (3–5 years).
Sources: PR Newswire (Energy Fuels), The West Australian, Nikkei Asia, Skillings Mining Intelligence
RSS Feed: https://feeds.transistor.fm/the-mining-insider
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Episode Date: June 22, 2026 | Host: Logan Ore
On today's Mining Insider:
US-Iran Switzerland talks: 60-day roadmap agreed; Hormuz communication line established; Brent at $78; VP Vance calls talks 'historic'; technical discussions continue through the weekChina rare earth ban: 10 US entities on export control list — MP Materials and USA Rare Earth named; immediate full prohibition (upgrade from licence requirement); 46 more US firms hit by China finance ministry procurement banEnergy Fuels Pentagon loan: $725M conditional 20-year senior-secured loan from DoD Office of Strategic Capital; White Mesa Mill, Blanding Utah; NdFeB magnets for F-35s and EV drivetrains; mine-to-magnet supply chainNewmont Cadia: mag 3.4 + 3.2 earthquakes June 19-20; second halt in 9 weeks; no injuries, no structural damage; staged restart Sunday; Cadia = ~11% of Newmont NAVTomorrow's Flashpoint: BHP-ETU meeting June 23 — most consequential labor discussion yet; strike notice could follow this week if talks fail; $120M/day in iron ore revenue at risk.
Sources: ProtoThema/Reuters, CNBC, India Today, InvestingLive/China MofCOM, Skillings Mining Intelligence, MarketScreener/Newmont ASX announcement
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Episode Date: June 21, 2026 | Host: Logan Ore
On today's Mining Insider:
Strait of Hormuz: Iran re-closes June 20 citing Israeli ceasefire violations; 55 merchant ships still transited per US CENTCOM; Brent at $80, 30% below March peak of $118; US-Iran talks in Switzerland; energy costs and LNG directly affecting global mining operating economicsTrump Copper Tariff: Commerce Department Section 232 review due end of June; phased tariff scenario 15% Jan 2027 / 30% 2028; Comex-LME premium elevated; front-running stockpile builds underway; Canadian producers positioned to benefitBHP Port Hedland: AWU files FWC ballot application June 18 — third union; ETU and AMWU already voted in favor; ~250 of ~450 covered workers union members eligible to strike; 5-day notice could come as early as this week; $120M/day revenue at riskTomorrow's Flashpoint: US-Iran Switzerland talks — outcome before markets open Monday determines whether energy cost normalization continues or oil spikes again.
Sources: Argus Media, Bloomberg/Yahoo Finance, Reuters, This Day Live, Canadian Mining Report, Fair Work Commission records
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Episode Date: June 20, 2026 | Host: Logan Ore
On today's Mining Insider:
Newmont Red Chris Block Cave: BC grants Environmental Assessment Certificate and Mines Act permit; 20Moz gold + 13B lbs copper resource; several billion in capex; FID targeted late 2026; 1,800 construction jobs; mine life to mid-2040sVale Base Metals + Glencore Sudbury JV: brownfield copper project; 880,000t copper over 21 years; $1.6–$2B capex; equal-partner JV upon study completionGhana / Gold Fields Tarkwa: government weighs local-company transfer when leases expire April 2027; royalties raised to 12%; Gold Fields in active renewal discussionsPilbara Minerals P2000: $175M pre-FID approved; doubles Pilgangoora to 2 Mtpa; full project $1.2B; first ore 2029; FID Q4 2026Flashpoint: BHP Port Hedland — three-union ultimatum expires this weekend; five-day strike notice may follow Monday.
Sources: Mining.com, Imperial Metals GlobeNewswire, Bloomberg / Business Insider Africa, The West Australian, Grafa/Reuters, Vale investor day filing
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Episode Date: June 19, 2026 | Host: Logan Ore
On today's Mining Insider:
BHP flags a $2.3 billion impairment on Jansen Stage 2 as costs rise to $6.9 billion — third overrun in three years; first production pushed to FY2031Three unions (AWU, AMWU, ETU) issue joint final ultimatum to BHP at Port Hedland; $120M/day revenue and $7M/day WA royalties at riskRio Tinto restructures into three product groups (Iron Ore; Aluminium & Lithium; Copper) effective immediately; Borates and Iron & Titanium placed under strategic reviewAlamos Gold cuts Q2 guidance to 130,000–135,000 oz (–12%) after seismic events at Young-Davidson; full-year production below low end of guidanceSources: Reuters, Bloomberg, Mining.com, The West Australian, Rio Tinto exchange announcement, Alamos Gold GlobeNewswire/SEC 6-K
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The Mining Insider — June 18, 2026. Host: Logan Ore.
Today's stories:
1. BHP Port Hedland faces a three-union strike as the AWU files a protected action ballot — joining ETU (100% vote) and AMWU (89% vote); Resources Minister Madeleine King issues a public please explain to BHP; strikebreakers reportedly recruited at up to $93/hr; BHP warns $120M/day in revenue and $7M/day in WA royalties at risk.
2. Mongolian Radical Reform Movement blockades the Oyu Tolgoi copper mine road to China on June 17 — exports resume within 24 hours (Bloomberg); each week of blockade would cost Mongolia US$13.3M; Oyu Tolgoi contributes 9% of Mongolia's tax revenue; government holding 34% seeks renegotiation toward 60% profit share.
3. China's Foreign Ministry calls G7's 60% concentration cap a 'small clique' move breaking international trade rules; defends State Council Decree 839 as standard international practice; urges G7 to comply with market economy principles.
4. Hudbay Minerals commences construction on New Ingerbelle expansion at Copper Mountain, BC — mine life extended past 2040; 750,000t copper, 900,000 oz gold, 5.5M oz silver; C$11.5B BC GDP contribution; 800+ jobs; permits and community agreements secured.
Sources: The West Australian, WSWS/AAP, Northern Miner, Bloomberg, Mining Technology, Straits Times, Reuters, IndexBox/Hudbay.
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The Mining Insider — June 17, 2026. Host: Logan Ore.Today's stories:1. Offshore Alliance and Inpex reach Enterprise Bargaining Agreement ending the Ichthys LNG strike — 400+ members endorse 3.75% annual wages, improved job security; one liquefaction train was shut down, approximately US$200M in production lost; cargo loading resumes by 6 PM AWST.2. G7 summit closes in Évian-les-Bains with binding commitment that no single nation supplies more than 60% of critical mineral imports by 2030; sector-specific quotas for defense manufacturers; joint recycling/mining platform; Canada-Italy graphite and lithium bilateral.3. Rio Tinto achieves mechanical completion of the 70-km SimFer rail spur at Simandou, Guinea — connecting Blocks 3 and 4 to the Trans-Guinean Railway; SimFer port at Morebaya 66% complete; 120 Mtpa combined project target.4. Generation Mining secures US$310M senior facility from EDC, ING Capital and Société Générale for Marathon copper-palladium project on Lake Superior, Ontario — total financing stack reaches CAD$769M.Sources: S&P Global/Platts, Bloomberg, ABC News Australia, Reuters, Canada PM Office, Skillings Mining Review, Business Wire / Generation Mining.
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The Mining Insider — June 16, 2026. Host: Logan Ore.
Today's stories:
1. Inpex SVP Bill Townsend confirms Ichthys LNG production disruption is 'imminent and significant'; Offshore Alliance extends strikes to July 6, threatening 2% of global LNG output and 9.3 Mtpa of exports mainly to Japan.
2. Lobito Atlantic Railway receives the first copper train from the DRC since reopening the flood-damaged Lobito–Huambo section; the 1,300-km corridor has handled nearly 500,000 tonnes of minerals in 2026 and is a strategic lifeline for Ivanhoe Mines' Kamoa-Kakula complex.
3. Collahuasi — owned by Anglo American and Glencore (44% each) and Mitsui (12%) — approves a US$345M expansion while a Chilean environmental tribunal ruling on its desalination permit remains unresolved; Anglo-Teck merger awaits China antitrust approval.
4. Japanese PM Sanae Takaichi proposes a G7 joint stockpiling initiative — 90 days' worth of critical minerals coordinated through the IEA, with releases conditioned on companies shifting procurement away from China — at the Évian G7 summit.
Sources: Oil Monster / Reuters, Inpex; Lobito Atlantic Railway press release; Bloomberg; BNamericas; Anglo American RNS; Japan Times; Yeni Safak / Reuters.
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The Mining Insider — June 15, 2026. Host: Logan Ore.Today's stories:1. China's State Council Decree 839 takes effect — 36 minerals including rare earths, lithium, cobalt, gallium and germanium formally designated as national strategic minerals under full-chain state control, with centralized mining rights, joint export review, and a three-tier reserve system.2. Australia's Offshore Alliance extends Ichthys LNG strikes past June 23 after FWC rejection of Inpex's suspension bid; BHP's Port Hedland maintenance workers vote 90% for strike action after six months of failed bargaining — threatening the world's largest bulk export port.3. Surge Copper releases Berg Pre-Feasibility Study: after-tax NPV of C$4.6 billion at 8% discount rate, 24% IRR — confirming Berg as one of Canada's most significant copper-molybdenum-silver critical minerals projects in British Columbia.4. G7 summit opens in Évian-les-Bains, France (June 15-17) — Trump's AI-driven bilateral mineral pricing plan faces G7 skepticism; Japan prepares Greenland rare earth delegation.Sources: ChemNet / Chinese Ministry of Natural Resources, Reuters / Market Screener, Daily Cargo News, Mining Stock Education, Tech Times, E&E News, Straits Times.
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