Articles Tagged "Freeport-McMoRan Copper & Gold"

Newmont, Freeport Meet With Indonesian Government

Copper – The CEO's of major miners Freeport McMoRan Copper & Gold (NYSE:FCX), and Newmont Mining Corp (NYSE:NEM) are meeting with the Indonesian government on Friday with hopes to come to a quick resolution regarding export taxes in light of more stringent mineral export rules implemented in Indonesia this year.

Copper Miners May Pay Controversial Indonesian Export Tax

Copper – Reuters reported today that major copper miners in Indonesia have indicated that they may agree to pay the country's export tax for copper concentrate. Exports of mineral concentrate were halted in January when Indonesia implemented a long talked about ban on mineral exports, but the country is open to allowing the export of concentrates if they are subjected to export duties.

Freeport Reports Lower First Quarter Earnings on Reduced Indonesian Output

Copper – Kitco news reported yesterday that Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) announced that its first quarter income was down from $648 million in the first quarter of last year to $510 million. The difference was largely due to a drop in copper sales from Indonesia due to the country's recent restrictions on exports of concentrates.

Molybdenum in the United States

Moly – Here's a look at the mining environment in the United States, as well as an overview of some of the companies producing and exploring for the metal in the country.