Its fall drilling program intersected long intercept of copper in a part of the property that had never been drilled and greatly expanded the Western Zone at its Lone Mountain project, which lies between Freeport-McMoRan Copper & Gold Inc.’s Chino and Tyrone properties near Silver City, N.M., Copper One Inc. reported yesterday. Results from...
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...
Compania de Minas Buenaventura S.A.A., Peru’s largest publicly held precious metals mining company, suffered a loss of $6.1 million in the fourth quarter of 2008, as its interest in the Cerro Verde copper mine (Freeport-McMoRan Copper & Gold Inc.) pulled down its gold earnings. The quarterly loss compared with $120.1 million in net income...
