Miners hit new highs
With base metal prices rising across the board in response to a weakening U.S. dollar, U.S.-listed base metal majors basked in new multi-year highs during the 4-day period ended Dec. 22.Alcoa led the …
Freeport-McMoRan Inc
Grasberg suffers second slide (December 29, 2003)
New Orleans-based Freeport-McMoRan Copper & Gold (FCX-N) has declared force majeure on deliveries of copper concentrate from the massive Grasberg copper-gold mine in Indonesia.The decision was made in…
Gold stocks down as bullion rises
This was a week of mainly sideways motion in the U.S. equity markets, with the Dow Jones Industrial Average rising 69.78 points to 9,923.42, as the Standard & Poor’s 500 Index fell 6.44 points to 1,06…
Freeport back to work at Grasberg
An Indonesian government review of an accident at the Grasberg copper-gold mine in Irian Jaya, Indonesia, has appro…
Andina on strike
Vancouver – The supply of copper concentrates on the world’s market got a little bit tighter after workers walked…
Big miners make big gains
It was a generally good trading period in the U.S. equity markets, with the major indices up modestly but the mining stocks generally strong. The Dow Jones Industrial Average picked up 90.52 points to…
Slippage causes deaths at Grasberg
Vancouver — A slippage accident at the Grasberg copper-gold mine in Indonesia has caused the deaths of eight workers.In the second fatal accident at the mine in three years, two workers were killed, …
Major slippage at Grasberg
The biggest news during the report period ended Oct. 14 was a major rockfall at Freeport-McMoRan Copper & Gold’s 90.6%-owned Grasberg open-pit mine in Indonesia. Two employees are known to be dead, si…
Freeport reduces debt
Freeport-McMoRan Copper & Gold was the biggest newsmaker south of the border during the report period ended Aug. 26, as it announced it had converted US$311 million worth of notes into 21.8 million sh…
US traders eye producers
The Aug. 13-19 report period was a good time to be a metal producer south of the border, with gold, copper and diversified miners all moving ahead.Among the more notable issues in the gold sector was …
Ivanhoe looks to China to unlock Gobi treasure
The ever-growing Turquoise Hill copper-gold discovery, deep in Mongolia’s South Gobi desert, is on the doorstep of a country that now consumes more copper and more steel than any other region in the w…
Grasberg gold boosts Freeport
Vancouver — The second quarter of 2003 was a stellar one for Freeport-McMoRan Copper & Gold (FCX-N), which earned US$57.4 million (or US37 per share) in the three months ended June 30.The figure mar…