The Mining Insider · 2026-06-27 · 11 min
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.
South32 Turns Copper, BHP's Diesel Dilemma on Day One, Ghana GoldBod Goes Live, and Iran Walks Away From Doha65 / 100Hormuz Stand-Down Holds as Doha Talks Begin, BHP Craig Takes Command Tomorrow, Murray & Roberts Escapes Business Rescue, and the Copper Tariff VerdictHormuz Ceasefire 2.0, Trump's New Metal Tariff Move, Canada Opens Greenland, and the Copper Tariff Verdict That Arrives TomorrowElectric Haulage Hits the Pilbara, Iran Eyes Hormuz Control, Barrick Breaks Ground at Fourmile, and the New US Metal Tariff RulebookBHP's New CEO Inherits a Full Inbox, Gold Breaks $4,000, SSR Mining Closes $1.49B Çöpler Sale, Paladin Hits New Uranium Discovery