Freeport-McMoRan Mining News

Jakarta: Freeport could lose Grasberg control within 2 years

State holding company ready to take 51% stake says Indonesian deputy mines minister as dispute over ownership of iconic copper-gold mine intensifies.

Copper price falls on Grasberg production resumption

Freeport restarts supply to domestic smelter in Indonesia, but the copper concentrate export ban at iconic mine remains in place.

Workers at Freeport’s Cerro Verde copper mine to go on indefinite strike

Around 1,300 unionized miners plan to start an indefinite stoppage at Peru's largest copper mine beginning March 24.

Chinese data, strikes bring copper price back to boil

China releases scorching industry output growth, fixed investment numbers for January-February. Third attempt to restart talks at giant Chile mine fails.

Copper supply disruptions push prices up

Disputes at BHP Billiton’s Escondida mine in Chile, the world's biggest copper mine, and Freeport’s Grasberg and Cerro Verde mines, are also having a significant effect on global supplies of concentrate.

Freeport’s Cerro Verde copper mine in Peru hit by strike

The mine produced just under 500,000 tonnes of the red metal last year, making it Peru's largest copper operation.

Copper price falls to 8-week low

Strike at Freeport's giant Peru mine takes offline world's three biggest mines, but worries about demand drops copper after huge jump in warehouse stocks.

Copper price jumps on Grasberg grind, Escondida escalation

Freeport sees "fundamental shift" at iconic mine as Indonesian spat gets heated and dispute at giant Escondida copper mine in floods-hit Chile turns ugly.

Copper price turns higher again – Grasberg gashed

Top listed copper producer Freeport says negotiations with Indonesia going nowhere – will slash production at iconic mine by 60%.

Striking workers at BHP’s Escondida mine accept Gov’t mediation

The meeting is not a return to mediation but an attempt to agree to return to the negotiating table, the union said.

Freeport halts Grasberg mine, begins sending workers home

The firm has not been able to ship copper from the mine in over a month due to a ban on concentrate exports that kicked in on January 12.

Freeport may curb Indonesia operations if Grasberg deal delayed further

Miner says that each month of delay in obtaining approval to export means production would be reduced by 70 million pounds of copper and 70,000 ounces of gold.

Freeport, Indonesia work out Grasberg deal

US copper giant to be given temporary exemption under new mining rules to resume copper exports from Grasberg mine.

Hedge funds have never been this bullish about copper price

Chile closes ports servicing some of the world's biggest copper mines due to rough seas while Escondida strike looms.

Freeport may resume copper exports from Indonesia in ‘a day or two’ — authorities

Government is considering to extend the miner a temporary permit, valid for up to six months, which would pave the way for Freeport to resume exports from Grasberg.

Report: Freeport can ride out Grasberg storm

Indonesia's concentrate export ban, new ownership rules and licence conversion worry investors in Arizona copper giant.

Freeport shares plunge on Grasberg troubles

World's largest listed copper miner said Indonesian export ban will force it to slash spending and operate its giant Grasberg operations at 40% capacity.

Freeport reaches settlement with US Gov’t, Navajo Nation on uranium mines cleanup

Company will perform the work and federal government will contribute about half of the more than $600 million cleanup costs.

Nickel prices plummet as Indonesia eases export ban

Far-reaching new mining rules ease a controversial ban on exports of nickel ore and bauxite.

Freeport unloads California onshore oil assets for $592 million 

Freeport-McMorRan (NYSE:FCX) has divested another portion of its substantial oil and gas assets as the number one publicly-held copper producer continues on a path of debt reduction.

Eight dead, 35 injured in Congo mining hub amid anti-Govt protests

Congolese security forces accused of shooting civilians in the southern city of Lubumbashi.

Congo state miner 'strongly opposed' to Lundin's sale of stake in Tenke

Gecamines claims it has pre-emptive rights to buy the stake as owner of the country’s mining titles.

Chinese tighten grip on Tenke mine as Lundin agrees to sell stake for $1.14bn

Canada’s Lundin, which owns 24% of Tenke, has finally agreed to sell its stake to a private equity firm from Asia’s richest nation.

Fight for giant Congo copper mine heats up

DRC prime minister throws weight behind Chinese buyers of Freeport's controlling stake in Tenke Fungurume.

Congo takes Freeport, Lundin to court over sale of Tenke Fungurume

The Congo mine, which cost $3 billion to build, holds one of the world’s largest known copper resources.