By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures ended lower on Tuesday, after touching nine month highs earlier in the session, as copper climbed for a third day on speculation that the global economy is well on its way to a recovery. The index of leading indicators in the U.S., the [...]
Indonesia has surged security near Freeport McMoRan Copper & Gold Inc’s giant Grasberg mine following a wave of attacks in the area in Papua, where secessionists have waged a low-level insurgency for decades. For full story, click here
The controversial Grasberg mine, owned by Freeport McMoRan Copper & Gold Inc. continues to be under attack from Indonesia’s Papua province rebels. The Free Papua Movement (OPM) have claimed responsibility for the bombings in the area and are demanding the closure of Grasberg. Freeport’s Grasberg mine — believed to have the world’s third-largest copper reserve [...]
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 [...]
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