The Phase 2 expansion at the Tenke Fungurume copper/cobalt mine in Democratic Republic of Congo is advancing on schedule and budget, minority partner Lundin Mining Corp. reported yesterday. The company also said that proven and probable mineral reserves reported at year-end 2011 increased to 155.7 million tonnes grading 2.8% copper and 0.3% cobalt. Previous numbers...
Freeport-McMoRan Copper & Gold Inc. said this morning that its PT Freeport Indonesia subsidiary is continuing to seek a mutually acceptable resolution to the ongoing labor strike at its Grasberg mining complex which began Sept. 15. The Phoenix-based company said it is following the established Indonesian legal process, including pursuit of a resolution through...
At one time this morning, copper for March delivery had risen 5 cents to a(nother) record $4.49 a pound. At about the same time, shares in Freeport McMoRan Copper & Gold Inc., the major free-market producer, were up $2.22. But what is a penny’s rise in commodity value really worth to one of the...
Richard C. Adkerson, president and CEO of Freeport-McMoRan Copper & Gold Inc., will receive The Copper Club’s Ankh Award naming him The Copper Man of the Year 2009 in recognition of his strong leadership at Freeport and in the global mining industry. The award will be presented at The Copper Club’s 2009 annual dinner...
