Freeport McMoRan Inc Mining News

Freeport shares drop after quarterly profit misses expectations

The Phoenix-based company posted first quarter net income of $31m, compared with net income of $692m in the year-ago quarter.

Freeport plans no dividend hikes, M&A for 2 years to focus on Grasberg – CEO

Freeport-McMoRan plans no dividend raises, acquisitions or debt buybacks over the next two years.

Freeport investing to mitigate risk from tailings dams -CEO

Freeport is "comfortable" with engineering designs in place at existing dams.

Freeport profit misses expectations as copper prices drop

Freeport posted fourth-quarter net income of $140 million, or 9 cents per share, compared to $1.04 billion, or 70 cents per share.

US copper projects gain steam thanks to electric vehicle trend

Industry analysts recommend investors buy shares of companies building new U.S. copper mines, a marked change from just 12 months ago when most recommendations were to hold.

Freeport to pay Indonesia $32m for illegal forest use – state auditor

The government aims to issue a new mining permit for Grasberg - which requires the environmental permit issues to be settled - before the end of the year.

Indonesia's Inalum expects to finalise Freeport deal this week – CEO

Inalum was proposing to sell a 10% stake in PT Freeport Indonesia to Papua for $819 million.

Mining industry leadership set for changing of the guard

Boards are pushing for candidates with gender and age diversity.

Teck to name partner in Chilean copper project in December

Canada’s largest diversified miner is also studying a Phase 3 for Quebrada Blanca, which would double the mine’s capacity to 600,000 tonnes of copper a year from the 300,000 it’s expected to achieve once Phase 2 is completed.

Rio Tinto wants a piece of Teck’s copper project in Chile

Canada’s largest diversified miner has been looking for a development partner for the $4.8-billion extension of Quebrada Blanca copper mine in northern Chile.

Freeport CEO says miner not actively looking to sell itself soon

Any strategic move would be possible -- as long as it’s in the best interests of shareholders.

Freeport CEO may be ready to sell, but are there any buyers?

With its biggest stock overhang and a deal around its flagship asset in Indonesia close to being solved, the miner has said all options are open, even potentially a sale of the entire company.

China copper smelters set Q4 treatment/refining charges lower than a year earlier

China's top copper smelters have set their floor treatment and refining charges (TC/RCs) for the fourth quarter at $90 per tonne and 9 cents per pound.

Humiliated for years, women are fighting back in Chile's mines

Mining companies around the globe are joining an industrywide push for gender equality and launching initiatives to increase the proportion of women working in mine pits, smelters and refineries.

Indonesia issues new tax rules as Freeport seeks fiscal guarantee

Freeport reshapes Indonesia business in deal with govt.

Freeport profit jumps, miner flags market jitters over trade rows

Freeport-McMoRan Inc, the world's biggest publicly listed copper miner, reported bigger-than-expected earnings on Wednesday, as production and prices soared above last year.

Indonesia close to acquiring Freeport's Grasberg copper mine

Indonesian minister says majority stake purchase of iconic mine seen valued at $3.5 billion to $4 billion.

Freeport says no plans to sell Congo cobalt asset as buyers circle

Freeport is looking at other options for the asset, including possibly a joint venture to develop the large cobalt project.

Freeport, Amman awaiting green light on 2018 Indonesia copper exports

Freeport's export permit for Grasberg, the world's second-biggest copper mine, is due to expire on Friday, as is Amman's permit to ship ore concentrate from its Batu Hijau mine on the island of Sumbawa.

Indonesia hopes to finalize Freeport contract talks by June

Although divestment issues are still unresolved, Indonesia hopes to finalize contract talks with Freeport McMoRan Inc over the Grasberg copper mine by June.

Freeport Indonesia’s mining permit extended until June

The permit was issued to allow the miner to continue exporting copper concentrate while company representatives and government officials go on with the discussions around Freeport’s future operations.

Freeport Indonesia targets 1.1 million tonnes copper concentrate exports by end 2017

The company had exported 684,333 tonnes of copper concentrate by end-October, according to government data.

Fire hits Freeport Indonesia port facility in Papua

The fire broke out at Amamapare port facilities, where copper concentrate from giant Grasberg copper mine is processed before being loaded to ship.

Freeport Indonesia reopens main supply route to mine after shooting

The latest violent episode and temporary closure had no impact on production at the world’s second-biggest copper mine.

Freeport at loggerheads with Indonesia over divestment-letter

The world's second-largest publicly traded copper company has issues with the proposed divestment plan, including valuation, timing and structure.