Copper – Freeport-McMoRan Copper & Gold (NYSE:FCX) announced their Q2 results, including net income of $482 million, down from $710 from the same quarter last year.
Articles Tagged "NYSE:FCX"
Copper – Forbes reported that analysts widely expect Freeport-McMoran Copper and Gold (NYSE:FCX) to announce declining profits in their second quarter profits, but continue to rate the company a "buy".
Gold – The Grasberg mine in Indonesia, the Yanacocha mine in Peru and the Goldstrike mine in Nevada are the three largest gold mines in the world.
Gold – Gold approached $1,300 an ounce Thursday following remarks from US Fed Chair Ben Bernanke suggesting a continuation of the central bank's stimulus program.
Copper – Reuters reported that shipments and underground mining have resumed at Freeport's (NYSE:FCX) Grasberg mine in Indonesia, although it warns of a drop in output due to an extended closure after a series of accidents.
Copper – Mining Weekly reported openpit mining at Freeport McMoRan Copper and Gold's (NYSE:FCX) Grasberg mine in Indonesia has now returned to full capacity, after having been closed since mid-May while probes into a series of fatal accidents were ongoing.
Cobalt – MetalBulletin reported that cobalt prices could rise in the second half of 2013 due to lower supplies from Freeport-McMoRan Copper & Gold's (NYSE:FCX) Tenke Fungurume Mining, located in the Democratic Republic of the Congo (DRC), as well as the possibility of an export ban in the DRC. Tenke warned customers earlier this week that its cobalt exports will be down in H2 of this year.
Cobalt – MetalBulletin reported that Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) has informed its customers that as a result of electricity supply issues, deliveries of cobalt hydroxide from Tenke Fungurume Mining (TFM), located in the Democratic Republic of the Congo (DRC), will decrease in the second half of 2013.
Copper – Mining Weekly reported that Freeport-McMoRan's (NYSE:FCX) Grasberg mine is running at about 60 percent capacity after a series of accidents closed the mine down for a prolonged period.
Copper – Mining Weekly reported that the Indonesian government may decide as early as this week whether or not operations can resume at Freeport McMoRan Copper and Gold Inc's (NYSE:FCX) Grasberg mine after a series of accidents led to a prolonged closure.