The Mining Insider

Gold rallied to $4,219.24 on soft PCE data (headline +3.4% YoY vs +3.7% forecast; core +3.0% vs +3.3%), then surrendered all gains; closed -0.70% at $4,155.93 as 10-year Treasury yield rose to 5.29% (22-year high) and 30-year to 5.63%; silver -1.83% to $60.39; gold -6.7% for September, silver -9.3%; Q3 gold +3.7%, silver +3.4%; October hike odds at 37%; Friday September NFP is next key test; ISM m...

Gold rebounds 1.42% to $4,172.40 Tuesday — August JOLTS job openings miss at 7.079M (forecast 7.225M); September consumer confidence falls to 81.9 (lowest since 2014); NY Fed President John Williams: "no need for urgency"; October rate-hike odds drop from 70.9% to 51.5%; 10-year Treasury yield holds at 5.25%; Brent -2.6% to $102.59, WTI -3.5% to $89.38; PCE inflation and September employment repor...

Gold falls 3.5% to $4,109 — 7-week low; 10-year Treasury yield 5.23% (highest since 2007); Brent crude $105.28 on Strait of Hormuz standoff/Trump rejection; silver -5% to $60.75 (Heraeus note on $60 support); Newmont -4% premarket; Barbara Lambrecht (Commerzbank) quote; October Fed hike 65% probability; gold -10% since Sep 1, -17% from Feb high; JOLTS/PCE/jobs week ahead. Uranium Energy Corp FY202...

Barrick Mining signs new collective bargaining agreement at Loulo-Gounkoto — all strike action called off Sunday; Barrick spokesperson + Bani Sacko + Abdoulaye Coulibaly (UNTM) quotes; 15 union demands resolved (overtime pay, mission expenses, labour agreements); covers Somilo SA + Gounkoto SA + Food & Events Africa; operational track record intact post-2025 Mali government settlement. Norther...

Indonesia Morowali Industrial Park (IMIP) cuts RKEF smelter output 60-70% — El Niño drought restricts cooling water; some lines at 30-40% capacity; 50,000-70,000 tonnes NPI at risk over 2 weeks; Nickel Industries Excelsior HPAL at 30% (rainfall 4mm vs 222mm August average); INSG 32,000t 2026 deficit forecast pre-disruption; Indonesia 62% of global mined nickel; SMM quote (Sep 22-24 2026). Kinross...

Italy Senate approves nuclear power return (81-51) — Energy Minister Gilberto Pichetto Fratin quote; 40-year ban ends; 11%+ nuclear share targeted, 22% in national climate plan; €17B ($19B USD) decarbonisation savings by 2050; advanced modular reactors; 12 months for government implementing decrees; uranium demand signal for global markets. Precious metals weekly wrap: gold -2.2% for the week, sil...

Bannerman Energy completes US$457M CNOL (CNNC Overseas) financing for Etango uranium project, Namibia — 45% JV stake, 207M lbs U3O8 resource, debt-free construction, FID imminent, first production targeted 2028; Brando Munro quote. Zambia copper sector: KCM (Vedanta) signs US$498M contract with China NERIN Engineering for Africa's largest copper tailings leach plant at Chingola — 70,000 tpa additi...

Generation Mining completes C$1.3B construction financing for Marathon Copper-Palladium Project — early works begin Q4 2026, Glencore life-of-mine offtake, 2.16M oz palladium + 532M lbs copper over 13 years. Gold drops 1.7% to $4,282 on hawkish Fed officials and a stronger US dollar; 95% probability of December rate hike per CME FedWatch. Neo Performance Materials signs MOU with Rainbow Rare Earth...

September 23, 2026 | Host: Logan Ore | Runtime: ~11 minutes Stories covered: 1. Ivanhoe Electric 2026 Santa Cruz Copper PFS — Arizona, $1.43B initial capex, 75,000t/yr copper cathode (first 15 yrs), $3.5B after-tax NPV at $6.79/lb copper, 30% IRR, Robbins TBM; base case $4.75/lb = $1.5B NPV/19% IRR; US EXIM $1.1B financing discussions; first copper Q2 2029 2. Artemis Gold acquires Vista Gold for $...

September 22, 2026 | Host: Logan Ore | Runtime: ~11 minutes Stories covered: 1. EU issues formal Statement of Objections against MMG/Anglo American nickel deal — could divert low-carbon ferronickel from Europe to SASAC-controlled stainless steel producers; Anglo American calls assessment flawed 2. Gold falls 0.9% Monday — spot $4,349.94, 88% December Fed rate hike probability, USD at 2-month high;...

September 21, 2026 | Host: Logan Ore | Runtime: ~11 minutes Stories covered: 1. Capstone Copper sells Cozamin mine to Luca Mining for up to $385M — $275M upfront cash, $15M Luca shares, $35M deferred, up to $60M copper-price contingent (2027-2029 LME); Q4 2026 close expected 2. Almonty Industries and Sandvik's WBH sign take-or-pay tungsten supply deal — 1,720t WO3 minimum from Los Santos Spain tai...

September 20, 2026 | Host: Logan Ore | Runtime: ~11 minutes Stories covered: 1. China Rare Earth Group in talks to acquire Shenghe Resources — controls 3% stake in MP Materials (Mountain Pass, California); would deepen Beijing's state consolidation of the rare earth sector 2. Three years of Chinese gallium & germanium export curbs — prices 9-10x 2023 levels; ex-China gallium supply gap of ~678...

September 19, 2026 | Host: Logan Ore | Runtime: ~11 minutes Stories covered: 1. Barrick's Loulo-Gounkoto Mali complex: multiple unions file strike notices with September 28 deadline — mine workers, catering staff, and Mali's mining regulator all included 2. Copper mine supply heading for first annual decline since 2017 — Sprott Asset Management report; Chile down 9.4% YoY, 600,000 tonnes removed f...

The Mining Insider — July 19, 2026 Today's episode covers four major developments shaping global mining and energy markets. 1. US-Iran Ceasefire — Hormuz Reopens Friday: President Trump announced the deal complete Sunday evening; Pakistani PM Sharif confirmed the ceasefire. The Strait of Hormuz reopens to commercial shipping Friday. Twenty-five billion dollars in frozen assets released; sixty-day...

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 e...

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 pre...

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-dilut...

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-hal...

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 — Sout...

June 30, 2026 — The Mining Insider with Logan Ore Today'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...

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 evac...

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...

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 Mining Insider | June 25, 2026 Story 1 — BHP's Brandon Craig Takes Over July 1 Brandon 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...

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 Angl...