Freeport-McMoRan Copper & Gold Inc


  • *Copper to underperform other base metals in next year-Goldman. LONDON, July 25- Copper rose on Friday, just short of a 4-1/ 2 month peak, on positive factory data from China and was set to rise more than 2 percent this week. "Copper had a strong day yesterday but is more muted today.

  • SYDNEY, July 25- London lead charged to its highest this year on Friday amid a broad spread rally in metals, as investors bought the contract that has underperformed its peers on growing economic optimism over top metals user China. Shanghai lead surged its limit up of four percent, while prices jumped almost two percent in London.

  • *Freeport set to strike deal. JAKARTA, July 24- Indonesia has offered mining companies a tax concession to end a six-month dispute that has reduced mineral exports by half a billion dollars a month, pushed up the global price of some metals and led to thousands of layoffs.

  • *Indonesia to revise rules on mineral export taxes next month. LONDON, July 24- Copper climbed to its highest level in 10 days and zinc hit a near three-year peak after better-than-expected Chinese factory data calmed fears about economic growth in the world's biggest metals consumer.

  • JAKARTA, July 24- Indonesia will revise its rules on mineral export taxes next month, paving the way for the country's multi-billion dollar mining industry to resume full production after months of layoffs and stalled output, a senior official said on Thursday.

  • LAUNCESTON, Australia, July 24- The election of reformist Joko "Jokowi" Widodo as Indonesia's new president has spurred hopes of a rapprochement with global miners and the scaling back of some of the nationalistic resource policies.

  • JAKARTA, July 24- Indonesia will soon allow U.S. miner Freeport-McMoRan Copper& Gold Inc to resume copper exports, with both sides close to ending a six-month dispute over new mining rules, a senior official said on Thursday. Indonesia introduced a mineral ore export ban and a steep export tax on concentrates in January.

  • JAKARTA, July 24- Indonesia is expected to issue U.S. mining giant Freeport-McMoRan Copper& Gold with a government permit to resume exporting copper concentrates in one or two weeks, a mining ministry official said on Thursday.

  • SYDNEY, July 24- London copper rallied to its highest in more than a week on Thursday after China's factory sector grew at the fastest clip in 18 months in July, shrugging off news that Indonesia may soon resume ore exports that could smooth out kinks in supply. There just wasn't a lot of clarity over when, "said analyst Joel Crane of Morgan Stanley in Melbourne.

  • JAKARTA, July 24- Indonesia's top two copper miners signalled they are nearing a breakthrough to allow a restart of concentrate exports, which have been halted for more than six months due to a dispute with the Southeast Asian country over new mining rules.

  • SYDNEY, July 24- London copper was little changed on Thursday, shrugging of news that miners in Indonesia may soon resume ore exports that have been halted since January, while traders awaited a string of flash manufacturing sector reports.

  • July 23- Freeport-McMoRan Inc said on Wednesday it expects to "imminently" sign an agreement with Indonesia that would enable it to immediately resume copper concentrate exports which have been halted for more than six months. Indonesia introduced a mineral ore export ban and a steep export tax in January.

  • July 23- Freeport-McMoRan Inc said Wednesday it expects to sign a memorandum of understanding with Indonesia "imminently" and the agreement would immediately allow it resume copper concentrate exports, which have been halted for more than six months.

  • July 23- Freeport-McMoRan Inc reported second-quarter earnings on Wednesday that were little changed from a year earlier, and said it was "encouraged" by tax-related discussions with Indonesia. The company had cut production in Indonesia, which weighed on results in the quarter ended June 30, but company-wide, copper, gold and molybdenum production rose.

  • JAKARTA, July 22- Indonesia's new president Joko "Jokowi" Widodo said he wants to sit down with mining companies and other parties in a bid to resolve a row over mining policies that has halted $500 million of metal exports a month in Southeast Asia's biggest economy.

  • Politics fade as earnings take over Friday, 18 Jul 2014 | 6:30 PM ET
    Espirito Santo International is the parent company of several institutions, including Banco Espirito Santo.

    Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.

  • JAKARTA, July 18- Indonesia has resumed some exports of metal ore concentrates after two firms gained permits to ship iron ore, zinc and lead, a mining ministry official said, the first shipments of their kind since the country changed its export rules in January.

  • LIMA, July 17- Brazilian construction firm Odebrecht plans to build a $5 billion natural gas pipeline in Peru by 2018, more than a year before a deadline, and it is now in financing talks with global banks, an executive with the firm said Thursday.

  • JAKARTA, July 17- Newmont Mining risks its Indonesian mining licence being taken over by a state-owned firm if the U.S. miner does not resume copper production, the Southeast Asian nation warned, escalating a six-month dispute over export rules.

  • JAKARTA, July 17- Indonesia stepped up pressure on Newmont Mining over a six-month old dispute that has halted copper exports, warning it could hand the U.S. miner's licence to a state-owned firm if it does not resume shipments.