Freeport-McMoRan slashes capital spending, to divest stake in Indonesian unit
The U.S. largest miner by market value and revenue has already slashed its capital budget for the year by $2bn and it is ready to make further cuts.
Latest Stories
Commodity prices hit Caterpillar profit — down 25%
CAT keeps slashing costs as it tries to offset issues out of its control, such as the falling price for everything from iron ore to oil.
Congo risking billions with planned tax hike, mining code revision
The central Africa nation may also lose its position as the continent’s top copper producer.
Yukon Zinc temporarily closing Wolverine Mine
Some crew will be assigned to care and maintenance.
The bottom is falling out of the iron ore price
Down 4% to fresh five-and-half year low.
Money still pouring into gold ETFs
50 tonnes in two weeks, best performance since 2012.
45-year chart shows dollar bull run just getting started
US currency is overbought short term, but relative performance chart going back to 1970 shows rally has long-term legs.
Laser Technology, Inc. Addresses Safer and More Effective Tactics for Blast Design
Laser Technology, Inc., (LTI), the leading designer and manufacturer of laser-based solutions for professional measurement and mapping, and Robert McClure, President of RAM, an independent blast design consulting firm, will be cohosting a webinar about serious challenges and viable solutions for the mining and blasting industries on Wednesday, February 25, 2015, at 10 AM (MST).
Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia
Documents obtained and verified by The Australian, show that Rio Tinto offered Mongolia to forsake a “net smelter return” of 2% cent of the project’s revenue.
