Ichthys LNG Strike Ends After $200 Million in Losses, G7 Sets 60% Cap on China Mineral Imports, Simandou Rail Spur Complete, and Marathon Palladium Project Locks In CAD$769 Million

Australia's Offshore Alliance and Inpex reach an EBA ending the Ichthys LNG strike after US$200M in losses — 400+ members endorse the deal; cargo loading resumes. G7 Évian closes with a binding 60% concentration cap on critical mineral imports from any single country by 2030; Canada-Italy bilateral minerals cooperation announced. Rio Tinto achieves mechanical completion of Simandou's SimFer rail spur — 70 km connecting Blocks 3 and 4 to the Trans-Guinean Railway; 120 Mtpa target. Generation Mining locks in CAD$769M total financing for the Marathon palladium-copper project in Ontario.

Show Notes

The Mining Insider — June 17, 2026. Host: Logan Ore. Today's stories: 1. Offshore Alliance and Inpex reach Enterprise Bargaining Agreement ending the Ichthys LNG strike — 400+ members endorse 3.75% annual wages, improved job security; one liquefaction train was shut down, approximately US$200M in production lost; cargo loading resumes by 6 PM AWST. 2. G7 summit closes in Évian-les-Bains with binding commitment that no single nation supplies more than 60% of critical mineral imports by 2030; sector-specific quotas for defense manufacturers; joint recycling/mining platform; Canada-Italy graphite and lithium bilateral. 3. Rio Tinto achieves mechanical completion of the 70-km SimFer rail spur at Simandou, Guinea — connecting Blocks 3 and 4 to the Trans-Guinean Railway; SimFer port at Morebaya 66% complete; 120 Mtpa combined project target. 4. Generation Mining secures US$310M senior facility from EDC, ING Capital and Société Générale for Marathon copper-palladium project on Lake Superior, Ontario — total financing stack reaches CAD$769M. Sources: S&P Global/Platts, Bloomberg, ABC News Australia, Reuters, Canada PM Office, Skillings Mining Review, Business Wire / Generation Mining.

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