AGP Executive Report
Last update: 12 hours agoCopper & precious metals drilling: AIC Mines returned high-grade copper, gold and silver from 8-hole surface and underground resource definition drilling at the Jolly shoot within its Jericho project in northwest Queensland, confirming continuity up-dip and up-plunge and supporting plans to mine the first area. Rare earths funding: St George Mining secured firm commitments for A$60m via a two-tranche placement to advance its Araxá rare earths and niobium project in Brazil. Graphite supply chain: International Graphite and Alkeemia agreed a JV to build a graphite processing hub in Italy, targeting first production in 2H 2027. Critical minerals policy: Indonesia’s ESDM said RKAB is a key production-control tool for minerals and coal, including nickel and coal, to balance reserves, output and domestic processing. Shipping & energy risk: Despite a US-Iran framework to reopen the Strait of Hormuz, shipping firms are waiting on safety assurances; oil fell on expectations of more supply. Tungsten land & water: Guardian Metal Resources bought 841 acres plus 2,540 acre-feet of water rights near its Tempiute tungsten project in Nevada. Labor disruption: Unions ended strikes at Inpex’s Ichthys LNG after a pay deal, with cargo loading restarting. EU emissions: Eurostat prelim data shows EU greenhouse gas emissions down 17.2% since 2015, with mining and quarrying down 33.3%. Coal labor dispute: Peabody locked out workers at its United Wambo coal washery in NSW amid a pay dispute.
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