BHP's Port Hedland Workers Authorize Strikes That Could Cost $120 Million a Day, Glencore Reinstates $300 Million at Canada's Only Copper Smelter, Energy Fuels Hits Uranium Guidance by Midyear, and GoGold Greenlights a Fully Funded Mine Build in Mexico
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Today on The Mining Insider: More than 200 workers at BHP's Port Hedland iron ore facility in Western Australia have authorized rolling strikes that unions say could cost $120 million per day, with both the ETU and AMWU voting overwhelmingly in favor. BHP is accused of hiring strikebreakers at $93/hour; a bargaining session is scheduled for June 23. Glencore has reversed its February freeze on nearly $300 million in environmental investments at the Horne Smelter in Rouyn-Noranda — Canada's only copper smelter — after Quebec's National Assembly passed Bill 11, providing emissions regulatory certainty through 2033. Glencore is calling on Ottawa to match provincial support via PM Mark Carney's C$5 billion Strategic Response Fund. Energy Fuels reports it will hit its full 2026 uranium guidance of 1.5–2.5 million lb by the end of June, with White Mesa Mill — the only licensed uranium mill in the US — processing near historic cost lows of $9–12/lb; Phase 2 rare earth expansion to 6,300 tpa capacity moves to implementation in July. GoGold Resources formally approved construction at Los Ricos South in Mexico's Jalisco state — $227M capex against $280–285M cash on hand, no debt or dilution, earthworks mobilizing within two weeks, 7.3M silver equivalent ounces per year, first pour in 24 months.
