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JAKARTA, May 22- Freeport McMoRan Copper and Gold Inc said it will not restart production at the world's second-largest copper mine in Indonesia after a tunnel collapse that killed 28 workers until it is convinced of the mine's safety.
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SYDNEY, May 22- The end of Australia's resources boom is taking its toll on investment in the sector, with A $150 billion in planned projects delayed or cancelled since April 2012, government data shows. China's economic slowdown has squashed a decade-long mining boom in Australia that drove gold, copper, iron ore and coal to record prices.
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JAKARTA, May 21- Freeport McMoRan Copper& Gold Inc's Indonesian mine could face a prolonged closure and scrutiny over its underground mining plans after one of the country's worst-ever mining disasters, analysts and mining sources said.
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May 20- Plains Exploration& Production Co shareholders approved the oil company's takeover by mining company Freeport-McMoRan Copper& Gold Inc, after both companies sweetened the more than $6 billion deal with two special dividends. The companies said on Monday that a majority of Plains outstanding shares were voted in favor of the deal.
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NEW YORK, May 20- Freeport-McMoRan Copper& Gold Inc and Plains Exploration together sweetened the miner's roughly $6 billion takeover bid for Plains by around 8 percent by offering to pay two special dividends if shareholders approve the deal.
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NEW YORK, May 20- Freeport-McMoRan Copper& Gold Inc and Plains Exploration& Production Co together sweetened the miner's roughly $6 billion takeover bid for Plains by offering to pay two special dividends if shareholders approve the deal.
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*Government-controlled Congress likely to approve reforms. QUITO, May 16- Ecuador's government on Thursday presented a mining bill to Congress that should pave the way for the signing of contracts with several investors, including Canada's Kinross Gold Corp..
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NEW YORK-- Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 12 or. 6 percent, to $19.32. Newmont Mining Corp. rose$. 04 or. 1 percent, to $31.61.
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PHOENIX-- Mining company Freeport-McMoRan Copper& Gold, which is on the process of acquiring Plains Exploration& Production Co., said Thursday that about 46 percent of that company's shareholders have elected to receive stock for their shares, while 29 percent have chosen to receive cash.
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NEW YORK-- Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 19 or. 9 percent, to $20.31. Newmont Mining Corp. fell$. 33 or 1.0 percent, to $32.18.
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NEW YORK-- Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. rose$. 16 or. 8 percent, to $20.46. Newmont Mining Corp. rose$. 01 or percent, to $32.63.
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NEW YORK-- Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. rose$. 15 or. 7 percent, to $20.45. Newmont Mining Corp. rose$. 21 or. 6 percent, to $32.83.
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NEW YORK-- Shares of some top gold companies are up at 1 p.m.:. Barrick Gold Corp. rose$. 20 or. 9 percent, to $21.61. Newmont Mining Corp. rose$. 13 or. 4 percent, to $34.04.
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COEUR D'ALENE, Idaho-- Coeur d'Alene Mines Corp. said Thursday that its first-quarter net income tripled, helped by an accounting adjustment and increased gold production. The silver and gold producer earned $12.3 million, or 14 cents per share, for the three months ended March 31. That's up sharply from $4 million, or 4 cents per share, a year earlier.
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SANTO DOMINGO, May 8- The Dominican Republic and Barrick Gold Corp have reached a preliminary agreement to boost the government's cut of profits from a gold mine in the Caribbean nation, easing investor doubts over the future of one of the world's largest new gold projects.
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May 7- Canadian miner Iamgold Corp reported a 91 percent fall in first-quarter profit due to lower gold production and a decline in price of the precious metal. The company's net earnings attributable to equity holders fell to $10.9 million, or 3 cents per share, from $119.2 million, or 32 cents per share, a year earlier.
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May 7- Canadian miner Iamgold Corp reported a 91 percent fall in first-quarter profit due to lower gold production and a decline in price of the precious metal. The company's net earnings attributable to equity holders fell to $10.9 million, or 3 cents per share, from $119.2 million, or 32 cents per share, a year earlier. Revenue fell 14 percent to $305.3 million.
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Discussing how the big swing in gold prices is impacting the major miners, with Charles Jeannes, Goldcorp CEO.
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LONDON, May 7- Gold fell further on Tuesday as its appeal as an alternative investment faded after equity markets rose on prospects of sustained central bank stimulus, while holdings in exchange-traded funds slipped to their lowest in more than three years.
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May 7- Proxy advisory firm ISS said Plains Exploration& Production Co shareholders should vote against the proposed takeover of the oil and gas company by Freeport-McMoRan Copper& Gold Inc, arguing that the mining company's more than $6 billion bid is too low.