Investors ignore positive third quarter results to focus on lack of meaningful progress in talks with Indonesia over future of giant Grasberg mine.
Freeport Mining News
New report says Rio talking to Indonesian groups to sell interest in giant copper, gold mine – Freeport still at loggerheads with Jakarta about stake sale.
Is the industrial metals and steelmaking raw materials rally at en end?
Copper above $3.00 after former workers torch dozens of buildings, vehicles at Freeport's Indonesia operations blocking access to world number two mine.
The indefinite labour action involves 56 unions, which are protesting a government’s proposed reform they see as "anti-workers".
World's top listed copper miner cuts production outlook for the year, but impact of dispute with Jakarta more contained than thought.
The news follows the end of a historically long 43-day strike at BHP Billiton’s Escondida, the world's biggest copper mine in neighbouring Chile.
State holding company ready to take 51% stake says Indonesian deputy mines minister as dispute over ownership of iconic copper-gold mine intensifies.
Freeport restarts supply to domestic smelter in Indonesia, but the copper concentrate export ban at iconic mine remains in place.
Around 1,300 unionized miners plan to start an indefinite stoppage at Peru's largest copper mine beginning March 24.
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.
The mine produced just under 500,000 tonnes of the red metal last year, making it Peru's largest copper operation.
Strike at Escondida, export ban and smelter problems at Grasberg and community clashes at Las Bambas.
Company will perform the work and federal government will contribute about half of the more than $600 million cleanup costs.
Gecamines claims it has pre-emptive rights to buy the stake as owner of the country’s mining titles.
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.
The Congo mine, which cost $3 billion to build, holds one of the world’s largest known copper resources.
More than 1,000 workers have gone on strike at Grasberg in a dispute with management over better conditions, including bonus payments.
Lundin was outplayed in its last major deal, but now looks ready to pull the trigger on $1 billion-plus acquisition of one of Africa's richest copper mines.
Bondholders want more from sale of top copper miner's oil and gas assets.
Toronto miner has first dibs on controlling share of Tenke Fungurume which if contemplated expansion goes ahead would catapult mine into global top 5.
No early talks on Indonesia licence extension, export permit expiring next week still being negotiated.
About $22 billion worth of projects have been cancelled or delayed in Peru in recent years due mainly to anti-mining protests.
The $263 million deal is expected to close in the second quarter.
Quarterly net loss attributable to common stock was $4.08 billion, or $3.47 per share, compared with a loss of $2.85 billion, or $2.75 per share, last year.