Freeport gives green light to start Climax molybdenum production in 2012

Freeport McMoRan Copper & Gold has made a decision to start production at its Climax molybdenum project in Colorado next year, CEO Richard Adkerson said on Thursday. Production will ramp up to an annual rate of 20-million pounds a year by 2013,...

Freeport bullish on outlook, pushing hard to boost production

Freeport-McMoRan Copper & Gold is still “aggressively” looking to increase production from its operations, to take advantage of what CEO Richard Adkerson said is a “very positive” outlook for copper. Speaking on a conference call on...

Freeport lines up copper projects, no need for acquisitions

With a long – and getting longer – list of expansion projects at its operations in North and South America, Indonesia and Africa, Freeport-McMoRan Copper & Gold has little incentive to look at buying more assets, CEO Richard Adkerson commented...

Freeport mulls ramping up copper output as outlook brightens

Freeport-McMoRan Copper & Gold, the world's biggest publicly traded copper producer, is looking at ramping up curtailed copper operations in the US as demand for the metal in developed countries improves, CEO Richard Adkerson said on Wednesday....

Project delays, mine shutdowns and cutbacks

A chronological summary of project delays, mine shutdowns and production cutbacks announced by miners around the world in response the falling metals prices and tightening financial markets. Begins July 2008.

Thompson Creek plans output cuts on continued weak demand

Molybdenum miner Thompson Creek Metals will reduce its 2009 production from previous guidance, and plans to shut both its mines for a full month during the summer, the firm said on Monday, citing unfavorable market conditions and reduced demand...

Freeport takes a pounding on cutbacks, dividend suspension

Shares in Phoenix-based Freeport-McMoRan Copper & Gold dropped 17% on Wednesday, after the company said it would cut capital spending in half, reduce copper output and suspend its dividend until market conditions improve. Freeport is the world's...

Freeport-McMoRan to trim molybdenum output, defer mine start-up

Phoenix-based Freeport-McMoRan Copper & Gold will cut molybdenum production at its Henderson mine, in Colorado, by 25%, in response to a "sudden and sharp" drop in prices for the metal and weak global economic conditions. Freeport will also defer...

Freeport-McMoRan defers expansions as falling copper gnaws at margins

Arizona-based Freeport-McMoRan Copper & Gold will defer mine expansions and put off restarting at least one operation, as it adjusts to slumping commodity prices, the group confirmed on Tuesday. Copper prices have fallen from above $4/lb in May...

Freeport-McMoRan sitting pretty as Phelps purchase pays off

Arizona-based Freeport-McMoRan Copper & Gold more than doubled its first-quarter profit year-on-year, as new assets acquired when it merged with Phelps Dodge last year helped the company to take advantage of record prices for copper and gold.

Freeport McMoRan unveils plans to boost copper, moly output

US miner Freeport-McMoRan Copper & Gold plans to spend $400-million on “incremental” expansion at four of its mines in the US and Peru, and will study prospects for larger expansions at the operations, which it acquired when it...

Freeport McMoRan president, COO Tim Snider to retire

The world's biggest publicly-traded copper producer, Freeport McMoRan said on Thursday that its president and COO, Tim Snider, would retire on April 1, 2008.