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The Bahamas

  • *Freeport targtting 2014 copper sales worth $5.7 bln. JAKARTA, March 28- Indonesia has approved big increases in 2014 copper sales for local units of copper miners Freeport McMoRan Copper& Gold Inc and Newmont Mining Corp, as it pushes for the two firms to resume exports quickly.

  • LONDON, March 28- Copper rose on Friday, climbing to its highest in 2-1/ 2 weeks, as speculation gathered pace that China could step-in to stimulate its economy and lift demand for industrial metals.

  • SYDNEY, March 28- London copper edged higher on Friday, moving further away from more than three-year lows hit earlier this month, as hopes for stimulus in top metals user China put it on target for its biggest weekly rise in six months.

  • LONDON, March 21- The future of two big loans for oil trading firm Gunvor and petrochemicals group Sibur were thrown into doubt after Russian businessman Gennady Timchenko appeared on the US sanctions list over Russia's involvement in Crimea and Ukraine.

  • *Freeport says tax breaches contract; govt wants firmer smelter commitments. Freeport and fellow U.S. miner Newmont Mining Corp have refused to pay an escalating export tax introduced on Jan. 12 as part of package of new mining rules aimed at forcing miners to build smelters and process raw materials in Indonesia.

  • *The move is a potential victory for Freeport, Newmont. *Minister: Freeport to resume copper exports in near future. A senior government official said Freeport would resume exports of copper concentrate in the "near future".

  • *Indonesia will consider easing export tax after Freeport builds smelter-minister. JAKARTA, Feb 24- U.S. miner Freeport-McMoRan Copper& Gold is expected to resume copper concentrate exports from Indonesia in the "near future", a minister said, after halting shipments due to a dispute over new mining rules imposed last month.

  • *Copper producers Freeport and Newmont in dispute with govt. The tax ratchets up sharply before an outright export ban from 2017 and Freeport and Newmont Mining Corp, which produce 97 percent of Indonesia's copper, have halted all exports and are locked in talks with the government because they say the tax breaches their contracts.

  • Jan 31- Gold and copper producer Newmont Mining Corp might curtail operations in Indonesia unless its dispute with the government over a new export tax is resolved in the next couple months, Chief Executive Gary Goldberg said on Friday.

  • Jan 27- Southwest Airlines Co said on Monday it will start flights to Aruba, the Bahamas and Jamaica in July, its first flights outside the continental United States under the Southwest brand.

  • Jan 27- Southwest Airlines Co said on Monday it will start flights to Aruba, the Bahamas and Jamaica in July, its the first international flights under the Southwest brand.

  • *Freeport could face $5 bln in extra taxes over next 3 yrs- Reuters calculation. Freeport and fellow miner Newmont Mining, which together account for virtually all copper mining in Indonesia and are exempt from export taxes under current contracts, are expected to meet finance ministry officials on Friday.

  • New copper tax clouds Freeport's outlook in Indonesia Thursday, 16 Jan 2014 | 11:36 PM ET

    *Freeport could face $5 bln in extra taxes over next 3 yrs-Reuters calculation. Freeport and fellow miner Newmont Mining, which together account for virtually all copper mining in Indonesia and are exempt from export taxes under their current contracts, are expected to meet with finance ministry officials later on Friday.

  • *Freeport will minimise operational costs with layoffs- union.

  • *Freeport halts copper exports to await clarity on rules. JAKARTA, Jan 13- Indonesia's mining sector was left in turmoil on Monday after the government pushed through a controversial ban on exporting unprocessed mineral exports.

  • *Indonesia says will use export tax to encourage processing. JAKARTA, Jan 13- Global nickel prices and mining shares rallied a day after Indonesia banned unprocessed mineral exports, though policy softening on some ores should allow leading U.S. miners such as Freeport McMoRan Copper& Gold to keep exporting copper.

  • *Indonesia says will use export tax to encourage processing. JAKARTA, Jan 13- Global nickel prices and mining shares rallied a day after Indonesia banned unprocessed mineral exports, as the Southeast Asian nation pledged to introduce a progressive export tax to encourage domestic smelting for a range of ores.

  • *Nickel price, Australian miners rise on Indonesia export halt. SYDNEY, Jan 13- Global nickel prices and shares in Australian miners rallied on Monday after a ban on unprocessed mineral exports by top supplier Indonesia came into effect, a policy that could trigger a recovery in long-depressed nickel prices.

  • *President eases export ban's impact on Freeport, Newmont. JAKARTA, Jan 12- Indonesia, among the world's biggest suppliers of natural resources, halted all mineral ore exports on Sunday to try to promote domestic processing, but threatening the country's nickel and bauxite industries worth more than $2 billion in annual shipments.

  • FREEPORT, NEWMONT MINING, OTHERS THAT AIM TO BUILD SMELTERS WILL "GET CHANCE" TO EXPORT PROCESSED MINERALS-MINISTER.

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