Copper Mine News
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An accident at Freeport-McMoRan Copper & Gold Inc.’s Grasberg mine is drawing comparisons with a 2003 landslide at the same Indonesian operation that helped trigger an unprecedented five-year surge in copper prices.
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Copper futures rose to a five-week high on mounting concern that a deadly accident at the world’s second-biggest mine may crimp supplies as a recovering housing market boosts metal demand in the U.S.
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Freeport-McMoRan Copper & Gold Inc. began a safety review at its halted Grasberg operation, the world’s second-largest copper mine, amid supply concerns that are boosting prices.
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The local unit of Freeport-McMoRan Copper & Gold Inc. declared a day of mourning after an accident at the Grasberg complex in Indonesia killed 28, prompting the nation to order a review of all mining operations.
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Billionaire John Malone is the largest private landowner in the U.S. Now, he’s expanding his reach to the land of his forefathers.
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The death toll from a collapsed tunnel at Freeport-McMoRan Copper & Gold Inc.’s Grasberg complex reached 28 as Indonesia said it would review all mining operations following one of its worst mining accidents.
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Deogratias Mutombo Mwana Nyembo, who became Democratic Republic of Congo’s central bank governor last week, may boost efforts to extend financial services to more of the country’s 70 million people, an industry group said.
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Copper swung between gains and losses ahead of Chinese trade data to be released today as mine-supply concerns weighed against speculation that the U.S. Federal Reserve will scale back stimulus.
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The death toll from an accident at Freeport-McMoRan Copper & Gold Inc.’s Grasberg mine complex in Indonesia rose to 17 as Chief Executive Officer Richard Adkerson arrived in the country.
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The death toll from an accident at Freeport-McMoRan Copper & Gold Inc.’s Grasberg mine complex in Indonesia rose to 17 as Chief Executive Officer Richard Adkerson arrived in the country.
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