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Latin America Caribbean

  • Freeport said in documents accompanying earnings disclosure on Wednesday it "expects to challenge this decision at Indonesia's Supreme Court and is evaluating its options." Earlier, Indonesia's Papua province, home of Freeport's giant Grasberg copper mine, said it had won a court battle in a claim against the company for 2.51 trillion rupiah in outstanding...

  • President Donald Trump has threatened to scrap the move to normalize relations between Washington and Havana, one of former President Barack Obama's signature foreign policy initiatives, if he doesn't get a better deal. "We're hopeful that when the Trump Administration conducts a thorough review of U.S.- Cuba policy, they will see how enhanced cooperation...

  • *Freeport wants legal guarantees over new rules. But new regulations announced last week mean that Freeport and some other miners could be allowed to keep exporting ore if they meet conditions including shifting from their current' contracts of work' to so-called' special mining permits', a move that could leave them liable to paying more in taxes.

  • *Freeport wants legal guarantees over new rules. But new regulations announced last week mean that Freeport and some other miners could be allowed to keep exporting ore if they meet conditions including shifting from their current' contracts of work' to so-called' special mining permits', a move that could leave them liable to paying more in taxes.

  • *Indonesia may export up to 5.2 mln T nickel ore- minister. *Freeport to convert to special mining permit- minister. *Freeport has to divest up to 51 pct, IPO being considered.

  • *Indonesia produces 17 mln T of nickel ore per year- minister. *Freeport to convert to special mining permit- minister. *Freeport has to divest up to 51 pct, IPO being considered.

  • *Indonesia produces 17 mln T of nickel ore per year- minister. *Freeport to convert to special mining permit- minister. *Freeport has to divest up to 51 pct, IPO being considered.

  • *Indonesia is prepared to face any lawsuit- official. JAKARTA, Jan 13- A major Chinese investor in Indonesia's smelter industry said on Friday it was considering legal action and would put on hold its expansion plans in the country, after the government abruptly reversed a ban on the export of nickel ore and bauxite. Virtue Dragon, which had invested up to 7 trillion...

  • *Rules open way for Freeport to continue exports. JAKARTA, Jan 12- Indonesia introduced new rules on Thursday that will allow exports of nickel ore and bauxite and concentrates of other minerals under certain conditions in a sweeping policy shift by the key global supplier. A ban on unprocessed ore exports was imposed in 2014 to spur higher value smelting...

  • *Indonesia minerals export ban regulation expected. LONDON, Jan 9- Zinc rose to its highest level in three weeks on Monday as the dollar fell and on expectations of a continued shortage in supply for the metal used to galvanise steel. "Its been a good run for zinc but at the same time we are also seeing some zinc mines restart, so its question of sentiment from the...

  • *Indonesia minerals export ban regulation expected. The metal on the LME rose 2 percent to $2,669 per ounce by 1630 GMT, a level last seen on Dec. 19. "Its been a good run for zinc but at the same time we are also seeing some zinc mines restart, so its question of sentiment from the indices," ING's head of commodities strategy Hamza Khan said, referring to the possibility of...

  • *Indonesia minerals export ban regulation expected this week. LONDON, Jan 9- Copper slipped on Monday as the dollar continued to strengthen in the wake of solid U.S. payroll figures but falling stocks and promising data from top consumer China stemmed losses. ING's head of commodities strategy Hamza Khan said the strong fundamentals for copper could see prices...

  • HAVANA, Dec 27- Cuba's economy shrank 0.9 percent this year in tandem with the crisis in key trading partner Venezuela, President Raul Castro told the National Assembly on Tuesday in a closed-door speech, predicting a slightly brighter outlook for 2017.. The figure suggests sharp economic contraction in the second half after the cash-strapped government...

  • HAVANA, Dec 27- Cuba's economy shrank 0.9 percent this year in tandem with the crisis in its key trading partner Venezuela, President Raul Castro told the National Assembly on Tuesday in a closed-door speech, predicting a slightly brighter outlook for 2017.. The figure suggests the economy contracted sharply in the second half after the cash-strapped...

  • HAVANA, Dec 27- Cuba's economy shrank 0.9 percent this year in tandem with the crisis in its key trading partner Venezuela, its economy minister told the National Assembly on Tuesday in a closed-door speech, predicting a slightly brighter outlook for 2017.. The figure suggests the island nation's economy contracted sharply in the second half of 2016 after the...

  • HAVANA, Dec 27- Cuba's economy shrank 0.9 percent this year due to a fall in exports to its oil-producing allies as they struggled with the long slump in global fuel prices, its economy minister told the National Assembly on Tuesday in a closed-door speech. In excerpts published by official media, Economy Minister Ricardo Cabrisas told the National Assembly...

  • *Freeport faces narrowing window for $18 bln expansion. At stake for Freeport is an $18 billion investment to expand its Grasberg mine- one of the world's biggest deposits of gold and copper- in the eastern Indonesian province of Papua. "Freeport is more politics than business," Hakim told a recent media briefing.

  • *Freeport faces narrowing window for $18 bln expansion. At stake for Freeport is an $18 billion investment to expand its Grasberg mine- one of the world's biggest deposits of gold and copper- in the eastern Indonesian province of Papua. "Freeport is more politics than business," Hakim told a recent media briefing.

  • HAMBURG, Dec 14- Europe's biggest copper smelter, Aurubis AG, said it expected profit to rebound in the current financial year after reporting a near 40 percent drop in 2015/ 16 earnings on Wednesday, partly due to smelter repairs in Bulgaria. It reported operating earnings for the year ended September of 213 million euros, down from 343 million euros in the...

  • WASHINGTON, Dec 13- President Barack Obama will make his case directly to President-elect Donald Trump not to derail the recent U.S.- Cuba detente, the White House said on Tuesday, insisting that "turning back the clock" would be damaging to American interests and the Cuban people. "Cuba has been and will be on the list of issues where President Obama will make his...