Freeport-McMoRan Copper said it would reduce mining and crushed leach rates by 50 percent, 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
Mining giant Freeport McMoRan Copper & Gold will halt production at a New Mexico copper mine and postpone the restart of an Arizona mine after posting a $13.9 billion net loss in the fourth quarter on a major write-down of assets. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices fell to the lowest in almost four years on concern that the deepening global recession will reduce metal demand through next year. Copper prices have plunged 55 per cent this year, heading for a record annual decline. Copper futures for March delivery slipped 0.4 [...]
FCX announced further revisions to plans at its copper mining operations. FCX is continuing to review its copper mining operations. For full story, click here
Freeport-McMoRan Copper & Gold Inc announced tht it is cutting more than 600 jobs at its U.S. For full story, click here
Freeport continues to review its copper mining operations and is likey to reduce copper output in response to market conditions. For full story, click here For company’s website, click here
The third quarter earnings of Freeport-McMoRan Copper & Gold Inc fell 33 percent as metal prices declined. Kerry Smith, mining analyst at Haywood Securities Inc, said: At about $2.20 a pound for copper, they’re feeling the pain at some of their operations. In the short term, I wouldn’t expect to see closures, but if we have [...]
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