Freeport-McMoran, the world’s largest publicly traded copper producer, would consider acquisitions, mergers or other deals once three ongoing expansion projects finish by 2022, CEO Richard Adkerson said in an interview on Tuesday.
Demand for copper is…
Freeport CEO ‘looking forward’ to deals once expansion projects done Read More »
John Kuhns has been many things: an investment banker, a silicon smelter operator in China and a novelist. His sights are now set on an abandoned mine with an estimated $60-billion of gold and copper.
Kuhns is among a handful of people exploring for m…
The horse breeder, the novelist and the $60bn mine Read More »
Freeport-McMoRan reported a fall in fourth-quarter copper output and said it expected higher spending in 2020 as it transitions its giant Grasberg copper mine in Indonesia to underground mining, sending its shares down 9%.
The US miner has spent billi…
Freeport shares dented by output drop, higher 2020 spending Read More »
Lundin Mining Corp. [LUN-TSX; LUMI-Sweden] on Thursday January 23 released weaker-than-anticipated operating results in the…
Lundin Mining achieves 2019 production targets Read More »
It’s been a rough haul for Freeport-McMoRan, but the future may be looking up.
In the past five years, the world’s largest publicly traded copper miner was forced to sell assets and shares to manage debt as it weathered fall-out from the collapse of …
Freeport looks poised to turn corner after five-year bumpy road Read More »
Copper developer Orion Minerals has started the partnering and joint venture process for its Prieska copper/zinc project, in South Africa.
The dual-listed company on Thursday told shareholders that it had appointed Macquarie Capital as financial advi…
Orion Minerals starts the hunt for Prieska partner Read More »
More than 400 jobs are at risk as Africa-focused copper miner Weatherly, weighed by some $140-million in debt, is set to halt operations at its Tschudi mine in northern Namibia at the beginning of March, a union official said on Wednesday. "(Weathe…
Over 400 jobs at risk at Weatherly Namibia copper mine – union Read More »
Chile’s Antofagasta on Wednesday reported record copper production of 770 000 tons for 2019, which was at the top-end of its revised guidance and 6.2% higher than in 2018.
The 2019 performance came despite civil unrest parts of the country, which disr…
Antofagasta reports record full-year production despite Chile unrest Read More »
ASX-listed Metals X has appointed financial advisors to undertake a strategic review of the company’s copper assets, including the Nifty and Maroochydore copper projects, and the surrounding exploration tenure in Western Australia.
Canaccord Genuity a…
Metals X launches review of copper assets Read More »
Rio Tinto Exploration Canada (RTEC) has received permits to construct a 99 km winter access trail and installation of a temporary 65 to 80 person capacity work camp at the Janice Lake copper project, in Saskatchewan.
The camp will support drilling and…
Rio Tinto receives permits to set up exploration camp at Janice Lake Read More »
