Freeport-McMoRan Copper and Gold chief executive is making no promises on restarting the company’s dividend and has given notification that a further drop in copper prices could force more output cuts. Freeport CEO Richard Adkerson, said: In the near future, no, I can’t assure them that. For full story, click here
India’s Sterlite Industries has reduced its bid to buy bankrupt U.S. copper miner Asarco LLC to $1.4 billion-$1.5 billion, well below its last year’s offer of $2.6 billion, the Economic Times reported on Monday. For more information, click here
Freeport-McMoRan Copper & Gold said that it might have to make more cuts if the copper prices declines further. For full story, click here
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