As negotiations to resolve a bitter dispute teetered on the brink of collapse, Freeport-McMoRan chairman James "Jim Bob" Moffett flew to Jakarta for last-ditch talks.» Read More
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.
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.
JAKARTA, July 16- Indonesia's likely next president signaled a conciliatory approach to the country's contract dispute with Newmont Mining Corp a day after the outgoing government threatened to end the U.S. miner's contract over a legal challenge.
JAKARTA, July 15- Indonesia could terminate Newmont Mining Corp's copper mine contract if the U.S.-based firm does not withdraw a legal challenge to the country's export taxes, a government official said on Tuesday. The firm, along with U.S. miner Freeport-McMoRan Copper& Gold, has halted copper exports for the last six months.
LONDON, July 8- Copper, aluminum and zinc touched fresh peaks on Tuesday, driven by speculators buying back short positions as the outlook for the global economy brightened. Copper went up through resistance, as did zinc, "a London trader said.
LONDON, July 8- Copper prices hovered near their loftiest in more than four months on Tuesday, underpinned by a brightening outlook for the global economy, while zinc raced to its highest in nearly three years on expectations of tightening supplies.
*Copper may target $7,430 in technical rally- UBS. SYDNEY, July 8- London copper climbed on Tuesday towards last week's four-and-a-half month highs while zinc zipped to its loftiest in almost three years as fund buying in thin trade eclipsed worries about European demand.
SYDNEY, July 8- London copper steadied on Tuesday, helped by supply concerns but it remains below four-and-a-half month highs seen last week on signs of a possible thaw in Indonesia's six-month stoppage of concentrate exports. *The most-traded September copper contract on the Shanghai Futures Exchange eased 0.2 percent to 50,930 yuan a tonne.
The "Fast Money" traders share their final trades of the day.
*China aluminium surplus poised to shrink this year- analysts. LONDON, July 7- Copper edged further off 4- month peaks on Monday as investors took profit and stocks rose for a second day running, though lingering supply worries put a strong floor under prices.
SYDNEY, July 7- London copper edged lower on Monday, as traders turned defensive ahead of a slew of corporate earnings reports, but prices broadly held on to last week's 3 percent gains on tighter-than-expected supply. A six-month halt on exports from major producer Indonesia has exacerbated tight conditions.
JAKARTA, July 2- Freeport-McMoRan Copper& Gold Inc is still in talks with Indonesia over a six-month dispute that has halted copper exports, and has no plan yet to follow Newmont Mining Corp in seeking international arbitration. Global copper prices, currently not far off four-month highs, have been underpinned by the disruption to supplies from Indonesia.