Gold – Healthy US retail sales figures boosted the US dollar this week and dragged gold down.
Articles Tagged "freeport mcmoran"
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.
Copper – Bloomberg reported that Freeport-McMoRan's first quarter profits beat estimates, lifted by strong copper sales.
Copper – Freeport has no Plans to Build Indonesian Copper Smelters, Despite Pressure from Government
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.
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
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.
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.
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.
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.