Riding out commodity uncertainty, producers limit output, close plants

While mining firms enjoyed massive profits last year as commodity and metals prices remained elevated in the first half of 2011, the US debt downgrade in August and the eurozone’s wobbles have brought about fresh fears.

Company Announcement: ICMM welcomes Chilean copper producer Codelco as its latest member

ICMM is delighted to welcome Codelco – Corporación Nacional del Cobre de Chile – as its latest member company. Diego Hernández took part in his first meeting of ICMM’s Council of CEOs in London today.

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 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 studies projects with potential to add 1bn lb/y copper by 2016

Freeport-McMoRan Copper & Gold, the biggest publicly traded copper producer, is evaluating three expansion projects that could increase copper production by around one-billion pounds a year by 2016, CFO Kathleen Quirk said on Wednesday. Together,...

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 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...

Mining, metal sector more transparent: international council

Transparency in the mining and metals sector is on the rise, according to new figures released by the International Council on Mining and Metals (ICMM) and network-based organisation Global Reporting Initiative (GRI).

Freeport sees 'limited' opportunities for M&A

Top publicly-traded copper miner Freeport-McMoRan Copper & Gold is prepared to act on acquisition opportunities that arise, but see “very limited” prospects for corporate activity, CEO Richard Adkerson said on Monday. The company is focused...

Global copper market 'very tight', new supply difficult – Freeport CEO

Strong copper demand from China and other emerging countries, together with steady improvements in North America and Europe, have resulted in a “very tight” global copper market, Freeport-McMoRan Copper & Gold CEO Richard Adkerson said on...

Freeport 'supportive' of new Chile mine tax

Phoenix-based Freeport McMoRan Copper & Gold is “supportive” of the Chilean government's new mining royalty scheme, CEO Richard Adkerson said on Thursday. The tax was put in place to help rebuild the country, the world's biggest copper...

Freeport announces special dividend, stock split

Freeport-McMoRan Copper & Gold will pay a $1,00 a share special dividend on December 30, and has approved a two-for-one share split, as the firm benefits from strong copper prices and demand outlook. Freeport, the world's biggest publicly-traded...