Articles Tagged "freeport"

Freeport McMoran Copper closed at $56.33

Freeport McMoran Copper and Gold has closed yesterday at $56.33. So far the stock has hit a 52-week low of $15.70 and 52-week high of $126.64. Freeport McMoran stock has been showing support around 52.18 and resistance in the 58.74 range. For full story, click here

Demand worries stall copper’s climb

By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures fell more than 2 per cent Monday on worries that demand from China, the world’s biggest copper consumer, may slow. Copper for July delivery lost 5.7 cents to close at $2.0885 a pound on the Comex division of the New York Mercantile Exchange.  Last [...]

Freeport McMoRan produced its first copper cathode

Freeport McMoRan, the world’s top listed specialist copper miner, has quietly just produced its first copper cathode at the giant Tenke Fungurume copper cobalt mine, near Lubumbashi, Katanga Province, Democratic Republic of the Congo. For full story, click here

Freeport: Drop in Copper prices may force output cuts

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

Freeport-McMoRan Copper crushed leach rates by 50 %

Freeport-McMoRan Copper would reduce mining and crushed leach rates by 50 percent at its Morenci copper mine, compared with a 25 percent curtailment announced in December, along with a series of other operating reductions and deferred start-ups. For full story, click here