Episode Details

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 follow-on talks on nuclear program and sanctions. Brent had peaked at $88.10 before the announcement. 2. Caspian Pipeline Consortium Halts Loadings After Drone Attack: Drones struck two tankers — ASIA and NISSOS IOS — at the CPC terminal near Novorossiysk. The ASIA caught fire; both remained afloat; no injuries, no spill. Loadings suspended. CPC handles 80% of Kazakhstan's crude exports and ~1.5% of global oil supply. 3. Peru: Fujimori's Mining Gamble: President-elect Keiko Fujimori takes office July 28. Peru holds $64B in planned mining investments; 200 active social conflicts. Most mining regions voted against Fujimori. Southern Copper's Tia Maria ($1.8B, 2027 target) and Zijin's Rio Blanco flagged as flashpoints. 4. First Quantum / Taca Taca / Rio Tinto: First Quantum reportedly exploring a stake sale in Argentina's Taca Taca copper project. Rio Tinto named as preliminary unconfirmed potential buyer. No deal announced. Sources: - Christian Daily / Reuters: https://www.christiandaily.com/news/us-iran-reach-preliminary-ceasefire-agreement-to-end-war-reopen-hormuz-strait - Reuters (CPC attack): https://www.reuters.com/business/energy/caspian-pipeline-consortium-oil-loadings-suspended-after-drone-attacks-tankers-2026-07-19/ - Reuters (Peru): https://www.reuters.com/sustainability/fujimoris-mining-push-could-spur-unrest-peru-study-says-2026-07-15/ - MarketBeat / Reuters: https://www.marketbeat.com/stocks/NYSE/RIO/news/