Freeport Mining News

Freeport says Grasberg stake to fall to 29% – shares dumped

Investors ignore positive third quarter results to focus on lack of meaningful progress in talks with Indonesia over future of giant Grasberg mine.

Rio Tinto wants out of Grasberg now

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.

Copper, iron ore price drops bring mayhem to mining stocks

Is the industrial metals and steelmaking raw materials rally at en end?

Copper price rallies after Grasberg violence

Copper above $3.00 after former workers torch dozens of buildings, vehicles at Freeport's Indonesia operations blocking access to world number two mine.

Peru hit by nationwide mining strike; govt says situation ‘under control’

The indefinite labour action involves 56 unions, which are protesting a government’s proposed reform they see as "anti-workers".

Freeport shares off to the races on Grasberg update

World's top listed copper miner cuts production outlook for the year, but impact of dispute with Jakarta more contained than thought.

Freeport’s Cerro Verde copper mine resumes normal operations

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.

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.

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 drops despite outages at world's biggest mines

Strike at Escondida, export ban and smelter problems at Grasberg and community clashes at Las Bambas.

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.

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.

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.

Strike hits Freeport’s Grasberg mine in Indonesia

More than 1,000 workers have gone on strike at Grasberg in a dispute with management over better conditions, including bonus payments.

Lundin poised for mega Congo copper deal

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.

Obstacles for Freeport's $2 billion oil deal

Bondholders want more from sale of top copper miner's oil and gas assets.

Lundin's agonizing Congo decision

Toronto miner has first dibs on controlling share of Tenke Fungurume which if contemplated expansion goes ahead would catapult mine into global top 5.

More Grasberg uncertainty for Freeport

No early talks on Indonesia licence extension, export permit expiring next week still being negotiated.

Workers at Freeport’s copper mine in Peru to down tools

About $22 billion worth of projects have been cancelled or delayed in Peru in recent years due mainly to anti-mining protests.

Freeport selling stake in Serbian copper project to Lundin

The $263 million deal is expected to close in the second quarter.

Freeport-McMoRan reports 4Q loss on metals, oil slump

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.