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Freeport-McMoRan Copper & Gold Inc

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  • LONDON, Oct 31- Copper fell on Friday due to a strong dollar buoyed by U.S. economic data, outweighing the positive impact of a surprise move by Japan to expand its stimulus programme. The dollar index hit the highest levels since June 2010, weighing on commodities priced in U.S. currency since it makes them more expensive for buyers outside of the United States.

  • LONDON, Oct 31- Copper fell on Friday due to a strong dollar buoyed by U.S. economic data, outweighing the positive impact of a surprise move by Japan to expand its stimulus programme. The dollar index hit the highest levels since June 2010, weighing on commodities priced in U.S. currency since it makes them more expensive for buyers outside of the United States.

  • LONDON, Oct 31- Copper rose on Friday, on track for its first monthly gain in three months, as risk appetite improved after the Bank of Japan's surprise move to expand its stimulus program boosted equity markets. The Bank of Japan unexpectedly eased monetary policy on Friday in a 5-4 vote, due to concerns that cheaper oil would weigh on consumer prices and delay a...

  • Oct 28- Miner and oil producer Freeport-McMoRan Inc said on Tuesday it is working toward reducing its debt to a targeted $12 billion by 2016 but that weak commodity and credit markets were making it tough to get good prices for assets. The Arizona- based company has sold nearly $5 billion worth of assets this year, including oil assets in Texas and copper mines in...

  • US STOCKS-Earnings lift Wall St despite mixed data Tuesday, 28 Oct 2014 | 12:00 PM ET

    *Twitter falls; Madison Square Garden up on possible split. *Capital goods orders post largest fall in eight months. Ranking among the largest percentage gainers on the S&P 500 were Amgen, AutoNation and Cummins, which reported earnings between late Monday and Tuesday morning.

  • Oct 28- Freeport-McMoRan Inc on Tuesday reported better-than expected quarterly earnings but lowered its production estimates for the full year partly on worker strife at its big copper and gold mine in Indonesia, sending its shares down more than 4 percent. "We believe the weak October production is the reason for lower annual guidance," RBC Capital Markets...

  • US STOCKS-Wall St up on earnings, data mixed Tuesday, 28 Oct 2014 | 10:52 AM ET

    *Capital goods orders post largest fall in eight months. NEW YORK, Oct 28- U.S. stocks rose on Tuesday as strong earnings and an upbeat consumer confidence reading more than offset weaker-than-expected housing and industrial data. Ranking among the largest percentage gainers on the S&P 500 were Amgen, AutoNation and Cummins, which reported earnings between...

  • Freeport-McMoRan also said on Tuesday that the union leaders at its Grasberg copper mine in Indonesia, where a truck accident in late September resulted in the death of four miners, planned to conduct a 30- day strike beginning Nov. 6. Freeport-McMoRan said Indonesia had approved resumption of operations on Oct. 13 and while most operating areas had normal...

  • Oct 28- Gold and copper miner Freeport-McMoRan Inc reported a 32 percent drop in quarterly profit, hurt by lower prices of the metals. The company, which also has oil and gas assets, said net income attributable to shareholders fell to $552 million, or 53 cents a share, in the quarter ended Sept. 30, from $821 million, or 79 cents per share, a year earlier.

  • Freeport-McMoran beats Street 3Q forecasts Tuesday, 28 Oct 2014 | 8:15 AM ET

    PHOENIX— Freeport-McMoran Copper& Gold Inc. on Tuesday reported third-quarter earnings of $552 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share. Analysts expected $5.6 billion, according to Zacks.

  • *JPM sees high grade Philippine nickel ore exports to China. LONDON, Oct 28- Copper prices hit a two-week high on Tuesday as the outlook for supply was tarnished by looming strikes at two mines while expectations of higher demand from top consumer China helped reinforce optimism. Workers at Freeport-McMoRan's Indonesian copper mine will hold a one-month...

  • *JPM sees higher grade Philippine nickel ore exports to China. SYDNEY, Oct 28- London copper was perched near a two-week high on Tuesday as upcoming labour strikes at mines threatened to trim expectations for a metal surplus, while indications of a seasonal pick up in demand from top consumer China also supported prices. Workers at Freeport-McMoRan's...

  • SYDNEY, Oct 28- London copper was perched near its highest in two weeks on Tuesday on a seasonal pick up in Chinese demand, but traders were cautious ahead of a key U.S. monetary policy meeting. *Three-month copper on the London Metal Exchange had edged up 0.1 percent to $6,739.50 a tonne by 0129 GMT, after small gains in the previous session when it hit its highest...

  • LONDON, Oct 27- Copper edged up on Monday on news of planned strike action in Indonesia and as the dollar fell following results of European bank health checks although gains were limited. Also helping copper were rumors that China's State Reserve Board has resumed purchasing copper. Imports into China are rising and there's better orders from the power sector, "...

  • Atlantic Copper, a subsidiary of mining firm Freeport-McMoRan Inc, expects to produce 284,000 tonnes of copper cathodes, up from 226,000 tonnes in 2013, when it cut production by 17.5 percent due partly to a maintenance shutdown at its facility in Huelva, Spain. "While there are new mines coming on stream, there is also new smelter capacity being built in China,"...

  • METALS-Copper gains on Chinese manufacturing data Thursday, 23 Oct 2014 | 6:08 AM ET

    *China's manufacturing sector shows uptick in October. LONDON, Oct 23- Copper rose on Thursday on data showing a slight pickup in the growth in top consumer China's manufacturing sector. A stronger number in China, is mostly good news, "said Naeem Aslam, chief market analyst at Ava Trade.

  • SYDNEY, Oct 14- London copper slipped on Tuesday from two week peaks hit the session before after comments by the Federal Reserve fuelled worries over global growth, disturbing a fragile calm after robust Chinese economic data. *Three-month copper on the London Metal Exchange had slipped to $6,696 a tonne by 0034 GMT from the previous session when it tipped its...

  • *China's main share index hits 20- month high. LONDON, Oct 8- Copper fell on Wednesday, pressured by concerns about economic growth in China and Europe, although falls were capped by some short-covering after dipping to five-month lows last week. Chinese buyers returned to the market on Wednesday after a week-long break, but several factors continue to weigh on...

  • METALS-Copper gains capped by economic growth worries Wednesday, 8 Oct 2014 | 9:36 AM ET

    *China's main share index hits 20- month high. LONDON, Oct 8- Copper edged higher on Wednesday on a short-covering rally after an uptick in Chinese equities, though the metal remained not far off five-month lows on longer-term concerns about economic growth in China and Europe. Chinese buyers returned to the market on Wednesday after a week-long break, but...

  • LONDON, Oct 8- Copper steadied on Wednesday as the dollar lost momentum yet the metal remained near five-month lows on concerns about economic growth in China and Europe. The International Monetary Fund on Tuesday cut its global growth forecasts for a third time this year while data showed German industrial output in August in its biggest fall since the...