News

Freeport pressed to give most of Grasberg copper-gold mine to Indonesia ASAP

By analyst By Cecilia Jamasmie Shares in Freeport McMoRan Inc (NYSE:FCX) took a hit Friday following news that the President of Indonesia has pressed the world’s second largest copper miner to wrap-up a deal in which the company gives a majority stake in its Grasberg mine to the country. The deal, drafted in August, grants

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Barrick to pay $20 million to settle Pascua-Lama-related arbitration case

By analyst By Cecilia Jamasmie Canada’s Barrick Gold (TSX, NYSE:ABX) has agreed to pay $20 million to a Chilean group in order to settle an arbitration case against the company filed last year after the miner, the world’s No.1 gold producer by market value, halted payments settled in 2005. The lawsuit, brought by the irrigation

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