Free Daily Podcast Summary
The Mining Insider: Daily Summaries Delivered
by Logan Ore - The Pro Podcasters
The Mining Insider - Daily Mining News & Industry InsightsWelcome to The Mining Insider, the go-to daily mining podcast for industry professionals, investors, and decision-makers looking to stay ahead in the fast-moving world of mining. Hosted by Logan Ore, this five-minute daily briefing delivers critical updates, expert insights, and analysis on the biggest stories shaping the global mining industry.What You’ll Get in Every Episode:Breaking Mining News – The most important developments from around the world, including mergers, acquisitions, policy shifts, labor movements, and technological breakthroughs.Market Trends & Analysis – Key shifts in commodity prices, mining stock movements, and financial insights that impact the industry.Environmental, Social & Governance (ESG) Updates – How regulations, sustainability efforts, and ethical mining practices are reshaping the industry.Technological Innovations – The latest advancements in mining equipment, automation, AI, and resource
Latest Episodes
The most recent episodes — sign up to get AI-powered summaries of each one.
- 2 weeks ago13 min
Highland Valley Strike Enters Day Three, Greatland Reports 70,131 Ounces, Rio Tinto Farms Into LCL's Liamu, and Kansanshi Beats Design
Highland Valley Picket Lines Hold as Teck Runs at Reduced Capacity: First, British Columbia, where the strike at Teck's Highland Valley Copper mine is entering its third day. CBC News reports more than 1,200 unionized workers walked off the job on Saturday after contract talks failed, and that Teck said operations are continuing at reduced capacity. Greatland Reports 70,131 Ounces and A$1.3 Billion Cash at Telfer: Next, Western Australia, where Greatland Resources released its September quarterly report on Monday. Gold production was 70,131 ounces, with 2,927 tonnes of copper. Gold sales were 71,901 ounces at an average realised price of 5,980 Australian dollars an ounce, and copper sales were 2,714 tonnes at 16,653 Australian dollars a tonne. Rio Tinto Can Earn Up to 80% of LCL's Liamu Project in Papua New Guinea: Meanwhile, exploration. LCL Resources said on Monday its subsidiary signed a binding farm-in and joint venture term sheet with Rio Tinto Exploration for the Liamu project in Papua New Guinea. RTTNews reports LCL shares gained around 23 percent in Australian trading. It is LCL's second farm-in with Rio Tinto in the country, after the Ono project agreement announced in March, according to Mining Weekly. Kansanshi S3 Expansion Runs 8% Above Design Capacity: Next, Zambia. Shanghai Metals Market reports First Quantum said on October 21 that the S3 expansion at the Kansanshi copper mine is expected to process about 27 million tonnes of ore in 2026, 8 percent above its designed capacity. The 1.2 billion dollar project was commissioned in August 2025. Gold Holds Near $4,000 as the Fed Meets and Oil Eases: Finally, markets. Mettis reports spot gold rose 0.24 percent to 4,004 dollars and 43 cents an ounce on Monday as a pullback in oil eased inflation concerns, with spot silver up 0.6 percent at 54 dollars and 19 cents. CNBC-TV18 reports December Comex gold settled last week at 4,007 dollars and 90 cents, down 4.14 percent, and silver at 53 dollars and 95 cents, down nearly 6 percent. Brent eased about 1 percent to 115 dollars and 48 cents in early Asian trading, after settling above 117 dollars last week. Sources: - CBC News — Highland Valley Picket Lines Hold as Teck Runs at Reduced Capacity: https://www.cbc.ca/news/canada/british-columbia/highland-valley-copper-mine-strike-9.7395643 - Greatland Resources September 2026 Quarterly Activities Report (via TradingView) — Greatland Reports 70,131 Ounces and A$1.3 Billion Cash at Telfer: https://www.tradingview.com/news/reuters.com,2026-10-26:newsml_RSZ3278Aa:0-reg-greatland-resources-september-2026-quarterly-activities-report/ - Mining Weekly — Rio Tinto Can Earn Up to 80% of LCL's Liamu Project in Papua New Guinea: https://www.miningweekly.com/article/lcl-resources-secures-second-farm-in-agreement-with-rio-tinto-in-papua-new-guinea-2026-10-26 - RTTNews — Rio Tinto Can Earn Up to 80% of LCL's Liamu Project in Papua New Guinea: https://www.rttnews.com/3702713/lcl-resources-shares-climb-on-farm-in-jv-deal-with-rio-tinto-for-liamu-copper-gold-project.aspx - Shanghai Metals Market — Kansanshi S3 Expansion Runs 8% Above Design Capacity: https://news.metal.com/newscontent/104171546-first-quantums-kansanshi-expansion-project-throughput-exceeds-design-by-8-ramp-up-faster-than-planned - Miner Africa — Kansanshi S3 Expansion Runs 8% Above Design Capacity: https://miner.africa/2026/10/22/first-quantums-zambia-copper-mine-set-to-beat-target/ - Mettis Global — Gold Holds Near $4,000 as the Fed Meets and Oil Eases: https://mettisglobal.news/Gold-holds-above-4000-on-oil-pullback-64495 - CNBC-TV18 via TradingView — Gold Holds Near $4,000 as the Fed Meets and Oil Eases: https://www.tradingview.com/news/cnbctv:2d881ff4f094b:0/ - Business Recorder via Investify — Gold Holds Near $4,000 as the Fed Meets and Oil Eases: https://www.investify.pk/news/100000158920/london-copper-eases-on-rising-lme-stocks-demand-worries - Reuters via Mining.com.au — Gold Holds Near $4,000 as the Fed Meets and Oil Eases: https://mining.com.au/iron-ore-steady-as-china-demand-weakens/ - Shanghai Metals Market — Gold Holds Near $4,000 as the Fed Meets and Oil Eases: https://news.metal.com/id/newscontent/104179331-smm-iron-ore-arrivals-rebound-125-ending-port-draw-iron-ore-seen-softer - Teck Resources news releases — Tomorrow's Flashpoint: https://www.teck.com/news/news-releases/2026/
- 2 weeks ago11 min
Highland Valley Copper Strike Begins, Bannerman Approves Etango Uranium Mine, First Quantum Targets Argentina Tax Breaks, and MMG Courts Brussels
Highland Valley Copper Workers Strike as Teck Runs at Reduced Capacity: First, British Columbia, where workers at Teck's Highland Valley Copper mine went on strike on Saturday. Reuters reports Teck said the strike began after the expiry of a 72-hour notice from United Steelworkers Local 7619, and that the mine is operating at reduced capacity. Teck said, "The impact on overall production will depend on the duration of the labour action." Bannerman Approves US$353 Million Etango Uranium Mine in Namibia: Next, uranium. The Etango joint venture, owned 55 percent by ASX-listed Bannerman Energy and 45 percent by CNNC Overseas, took a positive final investment decision on Friday on the Etango uranium project in Namibia. Commissioning and first production are targeted for 2028. First Quantum Prepares Argentina Tax-Break Bid for Taca Taca: Meanwhile, Argentina. Reuters reports First Quantum Minerals plans to apply before year-end for Argentina's large-investment incentive regime, known as RIGI, for its Taca Taca copper project in Salta province. RIGI is a tax-break mechanism and part of President Javier Milei's effort to attract foreign capital, including into mining, and to make Argentina a larger copper supplier. MMG Offers Brussels a Ferronickel Guarantee for Anglo's Brazil Nickel: Next, nickel and antitrust. Reuters reports MMG has offered concessions to European Union regulators to win approval for its 500 million U.S. dollar bid for Anglo American's Brazilian nickel business. MMG offered to guarantee ferronickel supply to European stainless steel producers that are existing Anglo American customers. Diesel Costs Squeeze Miners as Brent Nears $117 Before the Fed: Finally, costs. Mining.com, carried by GhanaWeb, reports a diesel price surge is testing mining margins. Barrick's gold production cost rose 17 percent between 2025 and 2026, partly on higher fuel costs. Antofagasta raised its full-year copper cash cost guidance by almost 30 cents a pound, to 2.60 to 2.70 dollars from 2.40 to 2.60, citing higher global diesel prices. In March, TD Cowen warned of a 15 percent rise in all-in sustaining costs year on year. Sources: - Reuters via Fidelity — Highland Valley Copper Workers Strike as Teck Runs at Reduced Capacity: https://www.fidelity.com/news/article/company-news/202610241616RTRSNEWSCOMBINED_L2N46A042_1 - CFJC Today — Highland Valley Copper Workers Strike as Teck Runs at Reduced Capacity: https://cfjctoday.com/2026/10/24/workers-begin-strike-at-highland-valley-copper-mine/ - Mugglehead — Highland Valley Copper Workers Strike as Teck Runs at Reduced Capacity: https://mugglehead.com/teck-resources-highland-valley-copper-strike-reduced-capacity/ - Mining Weekly (Bannerman announcement) — Bannerman Approves US$353 Million Etango Uranium Mine in Namibia: https://www.miningweekly.com/article/etango-jv-takes-final-investment-decision-to-proceed-with-namibia-project-2026-10-23 - World Nuclear News — Bannerman Approves US$353 Million Etango Uranium Mine in Namibia: https://www.world-nuclear-news.org/articles/fid-sees-etango-enter-full-scale-construction - Reuters via Mining.com.au — First Quantum Prepares Argentina Tax-Break Bid for Taca Taca: https://mining.com.au/first-quantum-readies-argentina-tax-break-plans-for-7-47-billion-copper-project/ - Reuters via Mining.com.au — MMG Offers Brussels a Ferronickel Guarantee for Anglo's Brazil Nickel: https://mining.com.au/mmg-offers-eu-concessions-for-anglo-nickel-deal/ - Mining.com via GhanaWeb — Diesel Costs Squeeze Miners as Brent Nears $117 Before the Fed: https://www.ghanaweb.com/GhanaHomePage/business/Diesel-price-surge-putting-mining-profits-to-test-2058281 - Moneycontrol (Kotak Securities) — Diesel Costs Squeeze Miners as Brent Nears $117 Before the Fed: https://www.moneycontrol.com/news/opinion/commodities-to-be-on-edge-as-oil-surges-and-fed-takes-centre-stage-14059346.html/amp - Teck Resources news releases — Tomorrow's Flashpoint: https://www.teck.com/news/news-releases/2026/
- 2 weeks ago12 min
Indonesia Reviews $426.7 Billion in Concessions, Kazatomprom Revisits Uranium One, Gold Posts Worst Week Since June, and Copper Rebounds
Indonesia Reviews Five Copper-Gold Concessions Worth $426.7 Billion: First, Indonesia, where President Prabowo Subianto has ordered a review of five copper and gold mining concessions. Mining.com.au reports that in a speech on October 22 he put the in-ground value of the deposits at 5.4 quadrillion rupiah, or 426.7 billion U.S. dollars, and described them as "proven reserves." The article says the deposits had been assessed under the JORC Code. Kazatomprom Sends Uranium One Contract Back to Shareholders: Next, uranium. Kazatomprom has called a second extraordinary general meeting to vote on its contract to supply natural uranium to Uranium One Group. In a regulatory notice dated October 23, the company said the transaction was first put to an extraordinary meeting recorded in minutes dated October 7, and no decision was made because 88.34 percent of voting shares abstained. Gold Falls Below US$4,000 and Posts Its Worst Week Since June: Meanwhile, markets. Reuters reports spot gold fell 0.6 percent to 3,998 dollars and 49 cents an ounce by 2:27 p.m. Eastern on Friday, slipping below 4,000 dollars for the first time since mid-July. Bullion fell about 4 percent over the week, its worst week since June and its steepest weekly decline in more than four months. U.S. December gold futures settled 1.3 percent lower at 4,007 dollars and 90 cents. Copper Rebounds on Friday, but U.S. Stockpiles Still Weigh: Next, base metals. Reuters reports three-month copper on the London Metal Exchange gained 1.8 percent to 14,334 dollars a tonne by 16:15 GMT on Friday, after falling 1.9 percent in the previous session to a five-week low. Traders are watching the September low of 13,925 dollars as a downside marker. Iron Ore Ends the Week Flat as Contract Talks Cap Prices: Finally, iron ore. Shanghai Metals Market's weekly brief says the most-traded Dalian contract fell 0.52 percent over the October 16 to 22 trading week, from 672.5 to 669 yuan a tonne, after rising to 682.5 yuan on Monday. SMM says Thursday's close gave back the whole of the week's rally. On Friday the contract settled at 675 yuan, up 0.90 percent. SMM's seaborne index for 61 percent ore fell 0.89 percent on the week to 88 dollars and 60 cents a tonne. Sources: - Mining.com.au — Indonesia Reviews Five Copper-Gold Concessions Worth $426.7 Billion: https://mining.com.au/indonesia-reviews-426-7-billion-copper-gold-concessions/ - Kazatomprom RNS: Notice of the EGM of Shareholders (23 October 2026) — Kazatomprom Sends Uranium One Contract Back to Shareholders: https://www.tradingview.com/news/reuters.com,2026-10-23:newsml_RSW2176Aa:0-reg-jsc-nac-kazatomprom-notice-of-the-egm-of-shareholders/ - Interfax Kazakhstan — Kazatomprom Sends Uranium One Contract Back to Shareholders: https://www.interfax.kz/en/news/83021 - Reuters via CNBC — Gold Falls Below US$4,000 and Posts Its Worst Week Since June: https://www.cnbc.com/amp/2026/10/23/gold-heads-for-steep-weekly-loss-as-oil-prices-fuel-fed-rate-concerns.html - Reuters via Mining.com.au — Copper Rebounds on Friday, but U.S. Stockpiles Still Weigh: https://mining.com.au/copper-price-rebounds-as-inventories-stock-markets-stabilise/ - Dow Jones via Morningstar — Copper Rebounds on Friday, but U.S. Stockpiles Still Weigh: https://www.morningstar.com/news/dow-jones/202610237439/comex-copper-ends-the-week-084-lower-at-64760-data-talk - Shanghai Metals Market, Iron Ore Weekly Brief — Iron Ore Ends the Week Flat as Contract Talks Cap Prices: https://news.metal.com/newscontent/104176558-smm-iron-ore-weekly-brief-hot-metal-turns-up-and-ports-draw-down-but-iron-ores-rebound-does-not-hold - Shanghai Metals Market, Iron Ore daily — Iron Ore Ends the Week Flat as Contract Talks Cap Prices: https://news.metal.com/newscontent/104176721-smm-iron-ore-port-stocks-dip-on-lower-arrivals-contract-talks-keep-iron-ore-range-bound - Teck Resources news release — Tomorrow's Flashpoint: https://www.teck.com/news/news-releases/2026/
- 2 weeks ago11 min
Rio Tinto Commits $1.9 Billion to Kangwinan Bauxite, Newmont Sets Red Chris Timeline, Gold Hits Three-Month Low, and Whitehaven Beats
Rio Tinto Commits $1.9 Billion to Kangwinan Bauxite in Queensland: First, Queensland, where Rio Tinto has approved 1.9 billion U.S. dollars to develop the Kangwinan bauxite project on Western Cape York. The company says the total includes 150 million dollars of early works pre-approved in 2025, and that the project is expected to deliver an internal rate of return of about 22 percent, based on third-party market forecasts as at the fourth quarter of 2026. Newmont Beats on Higher Gold Prices and Sets Red Chris Timeline: Next, Newmont, which reported third-quarter results on Thursday. Attributable gold production was about 1.3 million ounces, and consolidated gold sales were 1.211 million ounces at an average realised price of 4,317 dollars an ounce. Copper production was 23,000 tonnes. Adjusted net income was 2.309 billion dollars, or 2.20 dollars a share, ahead of the 2.05 dollars analysts expected, according to Reuters citing LSEG data. Gold Hits a Three-Month Low as Energy Prices and Equities Bite: Meanwhile, markets. Capital Brief reports the mining sector was the weakest on the ASX 200 on Friday, falling 3.74 percent as gold fell as much as 0.9 percent to below 3,990 dollars an ounce, the lowest since mid-July. Gold had dropped nearly 3 percent on Thursday. Northern Star fell 3.3 percent, Evolution Mining 4.6 percent, Newmont 3.7 percent and Perseus Mining 7.4 percent. Whitehaven Coal Beats on Queensland Strength: Next, coal. Reuters reports Whitehaven Coal beat quarterly output estimates, with managed run-of-mine coal production of 11 million tonnes in the three months to September 30, against 9 million tonnes a year earlier and the Visible Alpha consensus of 9.5 million. Genesis Minerals Posts 72,107 Ounces Ahead of Vault Merger: Finally, Western Australia. Australian Mining reports Genesis Minerals produced 72,107 ounces of gold in the September quarter at an all-in sustaining cost of 2,966 dollars an ounce. It sold 71,594 ounces at an average realised price of 5,902 dollars an ounce, for revenue of 422.5 million dollars. The article does not state the currency, but Genesis reports in Australian dollars. Sources: - Rio Tinto news release — Rio Tinto Commits $1.9 Billion to Kangwinan Bauxite in Queensland: https://www.riotinto.com/en/news/releases/2026/rio-tinto-to-invest-1-9-billion-to-develop-the-kangwinan-bauxite-project-in-western-cape-york-queensland - Australian Mining — Rio Tinto Commits $1.9 Billion to Kangwinan Bauxite in Queensland: https://www.australianmining.com.au/strong-vote-of-confidence-rio-tinto-backs-queenslands-bauxite-future/ - Newmont Q3 2026 results (Business Wire via FinancialContent) — Newmont Beats on Higher Gold Prices and Sets Red Chris Timeline: https://markets.financialcontent.com/prnews/article/bizwire-2026-10-22-newmont-reports-third-quarter-2026-results-with-record-third-quarter-adjusted-net-income-positioned-to-achieve-full-year-guidance-provides-update-on-red-chris-block-cave-project - Reuters via Investing.com — Newmont Beats on Higher Gold Prices and Sets Red Chris Timeline: https://au.investing.com/news/economy-news/newmont-beats-quarterly-profit-estimates-on-higher-gold-prices-cadia-recovery-4709437 - Capital Brief — Gold Hits a Three-Month Low as Energy Prices and Equities Bite: https://www.capitalbrief.com/briefing/gold-miners-tumble-as-bullion-hits-three-month-low-197328e3-61ed-4bab-87b8-5340dae8cba6/ - Associated Press — Gold Hits a Three-Month Low as Energy Prices and Equities Bite: https://apnews.com/article/mideast-yemen-saudi-israel-october-22-2026-dde5b98a8bf961224514994b02babce9 - Reuters via Kansas City Star — Whitehaven Coal Beats on Queensland Strength: https://www.kansascity.com/news/business/article317740044.html - Australian Mining — Genesis Minerals Posts 72,107 Ounces Ahead of Vault Merger: https://www.australianmining.com.au/genesis-minerals-builds-financial-firepower-ahead-of-vault-deal/ - Genesis and Vault merger announcement (ASX, 14 July 2026) — Genesis Minerals Posts 72,107 Ounces Ahead of Vault Merger: https://announcements.asx.com.au/asxpdf/20260714/pdf/071p7pynkm2vzn.pdf - Teck Resources news release — Tomorrow's Flashpoint: https://www.teck.com/news/news-releases/2026/
- 2 weeks ago12 min
China Signs Rio Tinto as Fortescue Warns, BHP Chair Eyes Canada's Tax Model, Highland Valley Copper Strike Notice, and Chile's Lithium Tenders
China's State Buyer Signs Rio Tinto While Fortescue Warns of Impact: First, iron ore. Reuters, citing people with knowledge of the matter, reports China Mineral Resources Group, the state-owned buyer known as CMRG, has agreed a new annual supply deal with Rio Tinto. CMRG verbally notified some steel mills on Wednesday without giving details, and was due to start collecting on Thursday the volumes each mill needs to buy. It was not immediately clear how much Rio Tinto ore the contract covers. BHP Chair Points to Canada's Tax Deduction at Annual Meeting: Meanwhile, BHP held its annual general meeting on Thursday. Chair Ross McEwan used his address to press for investment reform. Reuters reports he pointed to Canada's new Productivity Mega Deduction, which lets businesses immediately deduct the full cost of eligible capital investment, including mine development costs. McEwan said, "Make no mistake, Australia must compete for capital if it wants to win, nationally, and in every state." He added, "Australia should pay close attention to that." Highland Valley Copper Workers Serve 72-Hour Strike Notice: Next, British Columbia, where workers at Teck's Highland Valley Copper mine have served strike notice. Teck said on Wednesday it received the notice from United Steelworkers Local 7619, which entitles the union to begin strike action as early as 8 a.m. Pacific on October 24. The collective agreement expired on September 30. Chile Plans Five New Lithium Tenders to Double Output: Finally, a policy push from the world's second-biggest lithium producer. Reuters reports Chile plans to issue tenders for five more lithium projects next year, as part of a drive to more than double output within a decade. Mining Minister Daniel Mas gave the interview during LME Week in London. Gold Drops Over 1% While Copper Holds Near US$14,400: Meanwhile, markets. WAM, via Qazinform, reports spot gold fell 1.1 percent to 4,094 dollars and 90 cents an ounce by 03:33 GMT on Thursday, its lowest since October 14. December U.S. gold futures fell 0.9 percent to 4,111 dollars and 40 cents. Spot silver fell 2.6 percent to 56 dollars and 44 cents, platinum fell 2.1 percent to 1,594 dollars and palladium fell 2.6 percent to 1,059 dollars. Sources: - Reuters via Mining Weekly (CMRG and Rio Tinto) — China's State Buyer Signs Rio Tinto While Fortescue Warns of Impact: https://www.miningweekly.com/article/chinas-state-iron-ore-buyer-agrees-new-annual-supply-contract-with-rio-tinto-sources-say-2026-10-21 - Reuters via News & Observer (Fortescue) — China's State Buyer Signs Rio Tinto While Fortescue Warns of Impact: https://www.newsobserver.com/news/business/article317723401.html - Proactive via Yahoo Finance — China's State Buyer Signs Rio Tinto While Fortescue Warns of Impact: https://uk.finance.yahoo.com/news/bhp-rio-tinto-fortescue-hit-004100169.html - Shanghai Metals Market — China's State Buyer Signs Rio Tinto While Fortescue Warns of Impact: https://news.metal.com/newscontent/104173846-smm-iron-ore-anglo-american-draws-down-stocks-to-hold-sales-iron-ore-futures-spot-weaker - Reuters via Mining Weekly (BHP AGM) — BHP Chair Points to Canada's Tax Deduction at Annual Meeting: https://www.miningweekly.com/article/bhp-chair-points-to-canada-tax-incentives-in-call-for-investment-reforms-2026-10-22 - BHP 2026 AGM Addresses (SENS) — BHP Chair Points to Canada's Tax Deduction at Annual Meeting: https://www.businessday.co.za/sens/564075/ - Teck Resources news release — Highland Valley Copper Workers Serve 72-Hour Strike Notice: https://www.thecanadianpressnews.ca/globenewswire_press_releases/teck-receives-highland-valley-copper-operations-strike-notice/article_18106218-00bc-566d-a871-922bd3d55dac.html - USW Local 7619 release (GlobeNewswire via The Spec) — Highland Valley Copper Workers Serve 72-Hour Strike Notice: https://www.thespec.com/globenewswire/steelworkers-at-highland-valley-copper-issue-72-hour-strike-notice/article_32d72ce7-d220-5b5a-a625-c0d0e3321a52.html - Briefs.co — Highland Valley Copper Workers Serve 72-Hour Strike Notice: https://www.briefs.co/news/workers-at-canada-s-biggest-copper-mine-signal-possible-stri/ - Reuters via Mining Weekly (Chile lithium) — Chile Plans Five New Lithium Tenders to Double Output: https://www.miningweekly.com/article/chile-plans-five-new-lithium-tenders-in-push-to-double-output-2026-10-21 - WAM via Qazinform — Gold Drops Over 1% While Copper Holds Near US$14,400: https://qazinform.com/news/gold-prices-drop-over-1-on-thursday-f13dc8 - International Copper Association Australia, Copper Weekly Brief — Gold Drops Over 1% While Copper Holds Near US$14,400: https://copper.com.au/news/mining/copper-weekly-brief-22-october-2026/amp/ - Teck Resources news release — Tomorrow's Flashpoint: https://www.thecanadianpressnews.ca/globenewswire_press_releases/teck-receives-highland-valley-copper-operations-strike-notice/article_18106218-00bc-566d-a871-922bd3d55dac.html
- 2 weeks ago12 min
Hudbay and Mitsubishi Approve Copper World, Northern Star Flags Asset Sales, Gold Slips Again, and China Iron Ore Output Falls
Hudbay and Mitsubishi Approve Construction of Copper World in Arizona: First, Arizona, where Hudbay Minerals and Mitsubishi have approved a final investment decision for the Copper World copper project, about 50 kilometres southeast of Tucson. Hudbay owns 70 percent and Mitsubishi 30 percent. First production is targeted for the second half of 2029. Northern Star Keeps Guidance, Flags Possible Asset Sales: Next, Australia, where Northern Star reported its September quarter on Wednesday, the first under new chief executive Suresh Vadnagra, who took over on October 5. Reuters reports gold sales revenue rose 7.2 percent to 1.82 billion Australian dollars, below the Visible Alpha consensus of 1.93 billion. Gold sold was 364,000 ounces, down from 381,100 a year earlier, as planned shutdowns hit all three production centres. The average realised price was 4,999 Australian dollars an ounce. Gold Slips for a Fourth Session as Oil Climbs and Copper Eases: Meanwhile, markets. Reuters reports spot gold fell 0.2 percent to 4,118 dollars an ounce at 0319 GMT on Wednesday, a fourth straight losing session, with spot silver down 0.9 percent at 57 dollars and 44 cents. Brent crude rose 1.5 percent to 110 dollars and 38 cents a barrel, after touching a five-month high in the previous session. Kpler counted at least 18 vessel attacks over the past two weeks. China Iron Ore Output Falls 10% as Port Stocks Stay High: Next, China's iron ore. SteelOrbis, citing the National Bureau of Statistics, reports China's iron ore production was 665.45 million tonnes in the first nine months, down 10.3 percent from a year earlier. September output was 63.11 million tonnes, down 23.9 percent year on year and 5.7 percent from August. Hochschild Holds Full-Year Guidance as Mara Rosa Recovers: Finally, Hochschild Mining, which reported third-quarter production on Wednesday. Attributable output was 54,732 ounces of gold and 1.5 million ounces of silver, or 74,004 gold equivalent ounces. For the nine months, attributable production was 225,835 gold equivalent ounces. Sources: - Hudbay Minerals news release (GlobeNewswire via Stockwatch) — Hudbay and Mitsubishi Approve Construction of Copper World in Arizona: https://www.stockwatch.com/News/Item/U-z9850104-U!HBM-20261020/U/HBM - Reuters via Mining Weekly — Northern Star Keeps Guidance, Flags Possible Asset Sales: https://www.miningweekly.com/article/incoming-northern-star-ceo-flags-possibility-of-asset-sales-2026-10-21 - Investing.com (Northern Star call transcript) — Northern Star Keeps Guidance, Flags Possible Asset Sales: https://uk.investing.com/news/stock-market-news/earnings-call-transcript-northern-star-holds-fy27-guidance-as-kcgm-ramps-up-93CH-4921226 - Reuters via Asharq Al-Awsat (gold and oil) — Gold Slips for a Fourth Session as Oil Climbs and Copper Eases: https://english.aawsat.com/business/5331828-gold-dips-fourth-session-oil-rally-fans-inflation-concerns - Trading Economics (copper) — Gold Slips for a Fourth Session as Oil Climbs and Copper Eases: https://tradingeconomics.com/commodity/copper/news/494583 - SteelOrbis (National Bureau of Statistics data) — China Iron Ore Output Falls 10% as Port Stocks Stay High: https://www.steelorbis.com/steel-news/latest-news/chinas-iron-ore-output-down-103-percent-in-january-september-2026-1485080.htm - Shanghai Metals Market — China Iron Ore Output Falls 10% as Port Stocks Stay High: https://news.metal.com/newscontent/104171418-smm-iron-ore-hot-metal-output-edges-up-but-port-stocks-cap-iron-ore-range-bound-trade-seen - Trading Economics (iron ore) — China Iron Ore Output Falls 10% as Port Stocks Stay High: https://tradingeconomics.com/commodity/iron-ore - Hochschild Mining Q3 and 9 month Production Report (RNS via TradingView) — Hochschild Holds Full-Year Guidance as Mara Rosa Recovers: https://in.tradingview.com/news/reuters.com,2026-10-21:newsml_RSU7706Za:0-reg-hochschild-miningplc-q3-and-9-month-production-report/ - Reuters via Mining Weekly (Northern Star and Gold Fields) — Tomorrow's Flashpoint: https://www.miningweekly.com/article/incoming-northern-star-ceo-flags-possibility-of-asset-sales-2026-10-21
- 3 weeks ago10 min
Anglo American Holds Guidance on Teck Timetable, BHP Copper Falls 19%, Goldman Lifts Forecasts, and Ghana Targets Raw Export Ban
Anglo American Copper Output Falls 5% but 2026 Guidance Holds: First, Anglo American, which reported third-quarter production at 06:00 GMT on Tuesday. Copper output fell 5 percent to 174,900 tonnes, from 183,500 tonnes a year earlier, according to Reuters. Anglo blamed record snowfall in Chile and lower-grade stockpile ore at Collahuasi. For the first nine months, copper was down 1 percent at 519,000 tonnes. BHP Copper Output Drops 19% as Chile Disruptions Mount: Meanwhile, BHP. In its operational review for the September quarter, published October 20, BHP reported first-quarter copper production down 19 percent to 400,700 tonnes, according to Reuters. Mining.com says that missed analyst expectations. BHP kept its annual guidance. Goldman Lifts Copper Forecasts as Gold Slips for a Third Session: Next, markets. Reuters reports three-month copper on the London Metal Exchange rose 0.36 percent to 14,391 dollars a tonne by 0705 GMT. Goldman Sachs raised its end-2026 copper forecast to 14,700 dollars and its 2027 average to 15,400 dollars, citing weaker mine supply. It expects deficits outside the United States of 950,000 tonnes this year and 220,000 tonnes next year. Ghana Sets 2030 Target to End Raw Mineral Exports: Finally, resource policy in West Africa. Nairametrics reports Ghana's President John Dramani Mahama told the Mining in Motion Summit in Accra on Monday that the country plans to ban exports of unprocessed minerals by 2030. He said, "I've set a clear goal that by 2030, raw minerals should no longer leave our shores." Sources: - Anglo American Q3 2026 Production Report — Anglo American Copper Output Falls 5% but 2026 Guidance Holds: https://www.angloamerican.com/media/press-releases/2026/20-10-2026 - Reuters via Fidelity — Anglo American Copper Output Falls 5% but 2026 Guidance Holds: https://www.fidelity.com/news/article/default/202610200321RTRSNEWSCOMBINED_L1N466061_1 - BHP Operational Review, quarter ended 30 September 2026 — BHP Copper Output Drops 19% as Chile Disruptions Mount: https://www.bhp.com/news/media-centre/releases/2026/10/bhp-operational-review-for-the-quarter-ended-30-september-2026 - Mining.com — BHP Copper Output Drops 19% as Chile Disruptions Mount: https://www.mining.com/web/bhp-misses-quarterly-copper-output-estimates-on-chile-disruptions/ - Bloomberg — BHP Copper Output Drops 19% as Chile Disruptions Mount: https://www.bloomberg.com/news/articles/2026-10-19/copper-boom-belies-a-deepening-mining-recession-in-top-producer - Reuters via Fidelity (metals) — Goldman Lifts Copper Forecasts as Gold Slips for a Third Session: https://www.fidelity.com/news/article/default/202610200344RTRSNEWSCOMBINED_L1N46607A_1 - ET Now — Goldman Lifts Copper Forecasts as Gold Slips for a Third Session: https://www.etnownews.com/markets/gold-price-today-october-20-bullion-heads-for-third-straight-session-of-losses-as-stronger-dollar-higher-us-yields-weigh-article-156370192 - Reuters via Asharq Al-Awsat (gold) — Goldman Lifts Copper Forecasts as Gold Slips for a Third Session: https://english.aawsat.com/business/5329812-gold-rebounds-one-week-low-dollar-slips - Trading Economics (iron ore) — Goldman Lifts Copper Forecasts as Gold Slips for a Third Session: https://tradingeconomics.com/commodity/iron-ore - Nairametrics — Ghana Sets 2030 Target to End Raw Mineral Exports: https://nairametrics.com/2026/10/20/ghana-plans-to-ban-exports-of-unprocessed-minerals-by-2030/ - Northern Star Resources key dates — Tomorrow's Flashpoint: https://www.nsrltd.com/investors/key-dates/
- 3 weeks ago10 min
New Hope and Malabar Agree Coal Merger, South32 and Freeport on Copper Supply, China Beats at 4.5%, and Lithium Hits Year Lows
New Hope and Malabar Agree a Binding All-Scrip Coal Merger: First, Australia, where two coal producers have signed a binding deal. In an ASX release dated October 19, New Hope Corporation and Malabar Resources said they entered a scheme implementation deed under which New Hope will acquire all the Malabar shares it does not already own. Copper Supply: South32 Holds Guidance, Freeport Leans on Leaching: Meanwhile, two copper producers reported on how they plan to find more metal. First, South32. Reuters reports its first-quarter copper production rose 2 percent on higher planned ore grades, slightly below market expectations. In its September quarter report, South32 said FY27 production guidance is unchanged across all operations, and that Sierra Gorda payable copper equivalent production rose 11 percent on higher grades. China Growth Beats at 4.5%, but Investment Keeps Falling: Next, the demand side. Reuters reports China's economy grew 4.5 percent year on year in the third quarter, beating the 4.4 percent forecast and rebounding from three-year lows. Growth for the first nine months was 4.6 percent, against a government target of 4.5 to 5 percent for 2026, which analysts expect Beijing to reach without additional stimulus. Lithium Slides to Year Lows as Zimbabwe Producers Lobby on Tax: Finally, lithium. Shanghai Metals Market reports the most-traded lithium carbonate futures contract fell 11.79 percent in a single day on October 12, to 104,680 yuan a tonne, breaking below 110,000 yuan for the first time this year. By October 14 it was 100,900 yuan, nearly half the May high of 209,900 yuan. Sources: - New Hope and Malabar ASX release — New Hope and Malabar Agree a Binding All-Scrip Coal Merger: https://malabarresources.com.au/wp-content/uploads/2026/10/New-Hope-and-Malabar-to-Combine-Through-Recommended-Scheme-of-Arrangement-19.10.26.pdf - Reuters via Mining Weekly — New Hope and Malabar Agree a Binding All-Scrip Coal Merger: https://www.miningweekly.com/article/australias-new-hope-to-fold-malabar-resources-into-439bn-coal-group-in-all-scrip-deal-2026-10-19 - South32 Quarterly Report September 2026 — Copper Supply: South32 Holds Guidance, Freeport Leans on Leaching: https://investorpa.com/announcement/358670/ - Reuters via Mining Weekly (South32) — Copper Supply: South32 Holds Guidance, Freeport Leans on Leaching: https://www.miningweekly.com/page/latest-news/feed - Reuters via Fidelity (Freeport) — Copper Supply: South32 Holds Guidance, Freeport Leans on Leaching: https://www.fidelity.com/news/article/default/202610190100RTRSNEWSCOMBINED_L1N46014I_1 - Reuters — China Growth Beats at 4.5%, but Investment Keeps Falling: https://www.reuters.com/5f374b32b07b/world/china/chinas-economic-growth-picks-up-third-quarter-beating-expectations-2026-10-19/ - ABC News Australia markets blog — China Growth Beats at 4.5%, but Investment Keeps Falling: https://www.abc.net.au/news/2026-10-19/asx-markets-business-live-news/107280976 - Shanghai Metals Market — Lithium Slides to Year Lows as Zimbabwe Producers Lobby on Tax: https://news.metal.com/newscontent/104160467-smm-cobalt-lithium-morning-meeting-summary-supply-demand-expectations-diverge-material-prices-under-pressure-industry-chain-prosperity-diverges - Zimbabwe Situation (Business Reporter) — Lithium Slides to Year Lows as Zimbabwe Producers Lobby on Tax: https://www.zimbabwesituation.com/news/lithium-producers-push-for-tax-reforms-royalty-overhaul/ - Anglo American investor calendar — Tomorrow's Flashpoint: https://www.angloamerican.com/investors/investor-calendar
Get The Mining Insider summaries in your inbox
Free AI-powered daily recaps. Key takeaways, quotes, and mentions — in a 5-minute read.
Get Free Summaries →Free forever for up to 3 podcasts. No credit card required.
You Might Also Like
Listeners also like.
Interchange Recharged
Explores clean tech, green finance, and energy policy driving the global shift to renewable power.
Stock Movers
Short conversations analyzing today's biggest gainers and losers in global stock markets across major sectors.
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Analyzes the investment strategies of billionaire investors and explores lessons from legendary financiers on wealth, wisdom, and life.
BTC Sessions
Weekly Bitcoin news and panel discussions with global contributors exploring why they remain bullish on the cryptocurrency.
Bloomberg Intelligence
Analysis of Wall Street investments and company research by Bloomberg Intelligence experts.
Prof G Markets
Daily market news and analysis on earnings, geopolitics, Big Tech, and AI with clear, no-jargon insights.
Energy Gang
A podcast that breaks down clean energy technology, policy, and market trends shaping the global energy transition.
The Coin Bureau Podcast: Crypto Without the Hype
Exploring cryptocurrency topics with educational insights and balanced analysis, free from hype and speculation.
The Best One Yet
A daily 20-minute podcast breaking down the three key business stories with sharp, accessible takes.
America In The Morning
A morning news magazine covering overnight developments, national news, politics, business, entertainment, and weather.
The Clean Energy Weekly Brief
PodcastAI
Mo News
Daily news coverage with analysis, interviews, and listener Q&A on global headlines from Mosheh Oinounou and Jill Wagner.
About The Mining Insider
The Mining Insider - Daily Mining News & Industry InsightsWelcome to The Mining Insider, the go-to daily mining podcast for industry professionals, investors, and decision-makers looking to stay ahead in the fast-moving world of mining. Hosted by Logan Ore, this five-minute daily briefing delivers critical updates, expert insights, and analysis on the biggest stories shaping the global mining industry.What You’ll Get in Every Episode:Breaking Mining News – The most important developments from around the world, including mergers, acquisitions, policy shifts, labor movements, and technological breakthroughs.Market Trends & Analysis – Key shifts in commodity prices, mining stock movements, and financial insights that impact the industry.Environmental, Social & Governance (ESG) Updates – How regulations, sustainability efforts, and ethical mining practices are reshaping the industry.Technological Innovations – The latest advancements in mining equipment, automation, AI, and resource
Customized Recaps
AI-powered recaps with compact key takeaways, quotes, and insights.
Straight to Your Inbox
Get key takeaways from The Mining Insider in a 5-minute read.
Save Hours Every Week
Stay current on your favorite podcasts without falling behind.
Frequently Asked Questions
What is Podzilla's The Mining Insider daily summary?
It's a free AI-powered email that summarizes new episodes of The Mining Insider as soon as they're published. You get the key takeaways, notable quotes, and links & mentions — all in a quick read.
How does the The Mining Insider podcast summary work?
When a new episode drops, our AI transcribes and analyzes it, then generates a personalized summary tailored to your interests and profession. It's delivered to your inbox every morning.
Is this an official The Mining Insider product?
No. Podzilla is an independent service that summarizes publicly available podcast content. We're not affiliated with or endorsed by Logan Ore - The Pro Podcasters.
Can I get summaries of other podcasts too?
Absolutely! The free plan covers up to 3 podcasts, any in the catalog. Basic raises that to 15, Pro to 40 and Max to 100. Browse our full catalog at /podcasts.
How often does The Mining Insider release new episodes?
The Mining Insider publishes daily. Our AI generates a summary within hours of each new episode.
What topics does The Mining Insider cover?
The Mining Insider covers topics including News, Education. Our AI identifies the specific themes in each episode and highlights what matters most to you.
Start getting The Mining Insider summaries tomorrow morning.
Free forever for up to 3 podcasts. No credit card required.
Free forever for up to 3 podcasts. No credit card required.