Arizona’s Copper Mining Challenges
Copper is a major source of revenue for Arizona, and a step forward in land rights legislation should further the state’s dominance in the red metal market.
Articles Tagged "FCX"
Lundin Announces Successful Completion of Tenke Fungurume Contract Review Process
Lundin Mining Corporation (TSE:LUN) announces that the government of the Democratic Republic of Congo and Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) have announced the successful conclusion of the review of Tenke Fungurume Mining's contracts.
Freeport-McMoRan Copper & Gold Report Failure
Freeport-McMoRan Copper & Gold Inc. (FCX) experienced a failure at their 90.6% owned subsidiary PT Freeport Indonesia (PT-FI) where about 75,000 tonnes of material were affected at the Grasberg open pit. The incident is not expected to have a significant impact on PT-FI’s long-term mine plans. PT-FI’s mining and milling activities are continuing normally but access [...]
Freeport-McMoRan 2nd Quarter Down
Zacks.com reported Freeport-McMoRan Copper & Gold, Inc.‘s second quarter results. They were down 23.2 percent year-over-year mainly due to reduced sales volumes of copper and gold. The reduced sales were attributed to mine sequencing at Indonesia’s Grasberg mine. Freeport-McMoRan was able to offset the increase in costs with the help of high copper and gold [...]
