Freeport replaces CEO at Indonesian unit after strike

Freeport-McMoRan Copper & Gold's will appoint a new chief executive at its Indonesian unit, the Arizona-based miner said on Friday, as it looks to turn the page after it made an agreement last month to end a crippling three-month strike. Rozik...

Freeport Indonesia workers to return to mine on Monday - union

Workers at Freeport McMoran Copper & Gold Inc's Indonesia unit will return to the Grasberg mine on Monday at the end of a three-month strike after making a deal with a local contractor, a senior union official said on Friday. Contractor PT Kuala...

Company Announcement: Cortez Leads Gold Production Growth

Intierra Resource Intelligence today forecast that if individual site production continues in line with first-half 2011 results, only one of the world’s top ten gold mines will surpass the production levels it achieved in 2010.

Grasberg mine, Indonesia

A copper and gold mine located in Indonesia.

Freeport more than doubles Q2 earnings on higher output, prices

Freeport-McMoRan Copper & Gold increased second-quarter profit by 111%, after copper and gold prices rose, costs declined and the company produced and sold more of both metals. Freeport earned $1.37-billion in the quarter, compared with...

Freeport Indonesia copper mine strike to continue next wk

A strike paralysing output at Freeport Indonesia's Grasberg mine, one of the world's biggest sources of copper and gold, will extend into a second week after talks between the firm and workers broke down, a union official said on Friday. The...

Freeport shares rise after beating Q1 targets, to pay extra dividend

Shares in Freeport-McMoRan Copper & Gold rose 5% on Wednesday morning, after the company said it sold more copper, gold and molybdenum than expected in the first quarter and declared a supplemental dividend. The group, which has mines in North and...

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-McMoRan Q2 profit up 10%

Freeport-McMoRan Copper & Gold, the world's biggest publicly traded copper producer, posted second-quarter net income attributable to common stock of $649-million, an increase of 10% compared with a year earlier. Revenue for the period rose 4,9%,...

Rio Tinto's Q4 iron-ore output jumps 49%

Diversified giant Rio Tinto’s iron-ore output surged by 49% in the fourth quarter of 2009, as a result of continued high demand from China, CE Tom Albanese reported on Thursday. “In the Pilbara [region] we achieved record sales for both the...

Freeport-McMoRan interim profit down

Phoenix-based Freeport-McMoRan Copper & Gold’s net income of $631-million for the first six months of 2009 was down almost 70% on the $2,07-billion achieved in the first six months of 2008, as copper prices remained low owing to the global...

Freeport-McMoRan Q2 profit slips to $947m

Arizona-based Freeport-McMoRan Copper & Gold posted net income of $947-million for the second quarter of 2008, a decrease of 14% year-on-year, after copper and gold production declined. The company reported consolidated sales of 942-million...