Strong US Dollar Hurting Gold
Gold – Healthy US retail sales figures boosted the US dollar this week and dragged gold down.
Articles Tagged "freeport mcmoran"
Outperforming Copper Production in the DRC: Tiger Resources
Copper – Copper Investing News recently spoke with Brad Marwood, managing director of Tiger Resources. Brad discussed Tiger's producing copper-cobalt project in the Democratic Republic of the Congo and helped clear up some of the negative perception that investors might have when it comes to operations in that region.
Freeport-McMoRan Beats Estimates with First Quarter Profit
Copper – Bloomberg reported that Freeport-McMoRan's first quarter profits beat estimates, lifted by strong copper sales.
Freeport has no Plans to Build Indonesian Copper Smelters, Despite Pressure from Government
Copper – Freeport has no Plans to Build Indonesian Copper Smelters, Despite Pressure from Government
Freeport-McMoRan Copper & Gold Extends Year’s Largest Bond Offering
Copper – Forbes reported that Freeport-McMoRan Copper & Gold extended a $6.5 billion offering across four tranches of in support of two large recent acquisitions, Plains Exploration & Production (PXP) and McMoRan Exploration.
Freeport-McMoRan Says Energy Buys Key To Becoming Bigger Resource Player
Copper – Mining Weekly reported that, despite criticism that it was a distraction from core corporate strategy, Freeport-McMoRan says that their move into the energy space last month was well-advised
Despite Criticism, Freeport-McMoRan Says Oil & Gas Acquisition Important Strategic Step
Gas – Mining Weekly reported that Freeport-McMoRan says that their move into the energy space last month is an important strategic step towards making the company a more serious contender as a resource company.
Will More Follow Suit Behind Freeport-McMoRan’s Energy Purchase?
Copper – Forbes reported that the recent move into the energy space by copper miner Freeport-McMoRan could be the beginning of moves by companies seeking similar opportunity, as it is speculated that many oil and gas companies may be up for sale.
Chuquicamata’s Life Underground Will Cost a Fortune, but is Likely to Pay Off for Codelco
Copper – Codelco’s plan to spend nearly $4 billion to convert its Chuquicamata open-pit copper mine into an underground mine should pay off for the world’s largest producer of the red metal.
China, ECB Rate Cuts Spook Copper Investors
Copper – Chinese and European rate cuts may bolster copper demand in the longer term, but in the near term they have strengthened the dollar and increased investors' worries about immediate global economic risks.
