AGP Executive Report
Last update: 8 hours agoMine Safety & Tragedy: Pakistan’s Balochistan coal mine disaster ended with the recovery of all 34 miners after a methane blast, with officials citing dangerous underground conditions and poisonous gases. Labour & Operations: BHP’s Port Hedland iron ore workers in Australia plan a strike Aug 8-9 if no pay deal is reached, risking disruption to the world’s biggest iron ore export hub. Project Updates: FireFly Metals advanced high-grade drilling at its Green Bay copper-gold project in Newfoundland, feeding an updated resource and a scoping study due in August 2026. Gold Demand Watch: The World Gold Council said Q2 gold demand was flat year-on-year, with central banks still adding reserves while ETF and bar/coin investment cooled. Crypto Power Strain: Russia expanded its crypto mining ban to Moscow and parts of Kursk through 2032, citing grid stress; separately, Japan’s SBI Crypto shut a Bitcoin pool. Policy & Governance: Canada approved the Crawford nickel project in Ontario, targeting major long-term supply and jobs. Illegal Mining Impacts: Ghana’s galamsey fight is again framed through human harm, while a report cited massive illegal gold export discrepancies and tax losses.
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