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Today on The Mining Insider:
Story 1 — Hezbollah Rejects Lebanon Ceasefire / Hormuz Day 96: Hezbollah formally rejected the latest US-brokered ceasefire framework, keeping the Strait of Hormuz in effective closure. Trafigura's half-year report calls it the largest energy crisis in history — 14 million barrels per day shut in, over 1.1 billion barrels removed from global markets, diesel up 60%, jet fuel up 70%. Trafigura net profit tripled to $4.1 billion in six months.
Story 2 — CNNC Approved for Namibia's Etango Uranium Project: China National Nuclear Corporation won Namibia Competition Commission approval to enter a JV with Bannerman Energy on the Etango uranium project near Swakopmund — one of Namibia's largest undeveloped uranium deposits. Approved with conditions on localisation and skills transfer.
Story 3 — enCore Energy Completes Largest-Ever Uranium Plant in South Texas: enCore Energy Corp completed the first phase of its Upper Spring Creek satellite ion exchange plant in South Texas — the largest such facility the company has built. Current capacity: 1,600 gpm (50% of planned 3,200 gpm). Full capacity by end of July. Uranium extraction planned for late 2026 pending final permits.
Story 4 — Gold M&A Crosses $7.9 Billion: Equinox Gold's $5.1 billion acquisition of Orla Mining creates an $18.5 billion North American producer with 1.1 million ounces projected 2026 output. Agnico Eagle consolidated three Finnish gold assets in the Central Lapland Greenstone Belt — Rupert Resources ($2.12B), Aurion Resources ($351M), B2Gold's Fingold JV stake ($325M) — for a combined $2.8 billion hub targeting 500,000 oz/year.
Sources: Trafigura Half-Year Report via gCaptain (https://gcaptain.com/trafigura-warns-worlds-largest-energy-crisis-is-far-from-over/), The Extractor Magazine on CNNC/Bannerman (https://theextractormagazine.com/2026/06/05/china-national-nuclear-corporation-cleared-to-partner-with-bannerman-in-etango-uranium-project/), enCore Energy press release (https://encoreuranium.com/news/encore-energy-announces-the-successful-completion-of-construction-at-the-upper-spring-creek-isr-uranium-project/), The Oregon Group on gold M&A (https://theoregongroup.com/commodities/gold/gold-mining-ma-is-back/)
