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Freeport-McMoRan Copper & Gold Inc

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  • *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.

  • DAMPALA, Indonesia, Jan 12- Hundreds of small Indonesian mines, like nickel miner Mobi Jaya Persada, are preparing for the worst after the government imposed a controversial mineral export ban on Sunday that could force them to close down.

  • JAKARTA, Jan 12- Indonesia, one of the world's biggest resource exporters, halted all mineral ore exports on Sunday in a bid to promote domestic processing, but the country's president passed a last-minute regulation to ease the ban's impact on major miners.

  • Indonesia banned all mineral ore exports on Sunday, but will likely allow U.S. mining giants Freeport McMoRan Copper and Gold and Newmont Mining Corp to continue to ship billions of dollars worth of copper overseas. Indonesia is the world's biggest exporter of nickel ore, refined tin, thermal coal and home to the fifth largest copper mine and top gold mine.

  • JAKARTA, Jan 12- Indonesia banned all mineral ore exports, as expected, on Sunday, but will likely allow U.S. mining giants Freeport McMoRan Copper and Gold and Newmont Mining Corp to continue to ship billions of dollars worth of copper overseas.

  • JAKARTA, Jan 11- U.S. mining giant Freeport McMoRan Copper and Gold Inc halted its copper exports from Indonesia, less than an hour before a controversial mineral export ban comes into effect, a union official told Reuters late Saturday.

  • Indonesia braces for impact of mineral export ban Friday, 10 Jan 2014 | 10:27 PM ET
    Rock ore is transported in mine cars at the PT Aneka Tambang gold mine in Pongkor, West Java, Indonesia, on Thursday, Nov. 7, 2013.

    Indonesia is scrambling to pass last-minute regulations to limit the impact of a ban that could halt billions of dollars worth of mineral ore exports.

  • *Freeport, Newmont may emerge unscathed from Jan. 12 export ban. JAKARTA, Jan 10- Indonesia's mineral ore export ban, an ambitious policy aimed at getting more money for its resources, will hit domestic miners who have already begun shedding jobs and leave foreign firms unscathed.

  • JAKARTA, Jan 10- Indonesia's government was scrambling to pass last-minute regulations to limit the impact of a controversial ban that could halt billions of dollars worth of unprocessed mineral ore exports from Sunday. Mineral shipments totalled $10.4 billion in 2012, or around 5 percent of Indonesia's total exports, according to the World Bank.

  • JAKARTA, Jan 8- Indonesia's mining ministry sought to ease a controversial mineral export ban before its Sunday deadline, but still looked set to prohibit more than $2 billion worth of annual nickel ore and bauxite shipments.

  • *European Central Bank rate decision at 1245 GMT. LONDON, Jan 9- Copper prices fell to two-week lows on Thursday after upbeat jobs data increased expectations that the U.S. Three-month copper on the London Metal Exchange dropped to $7,257.25 a tonne at 1045 GMT, down 1.2 percent from Wednesday's close of $7,344.

  • *Copper seen easing to $7,000 on slowing China growth- UOB Kay Hian. Copper prices broke a four-month trading range to step above $7,400 a tonne in late December, but momentum has spluttered since on expectations the U.S. will draw back stimulus and on moderating growth in China, the top consumer of metals.

  • LAUNCESTON, Australia, Jan 9- The key point with any laws or regulations is not that they are on the statute book, it's whether they are applied and enforced, and this will be the case with Indonesia's ban on metal ore exports. Indonesia is the world's biggest exporter of nickel ore and supplies about two-thirds of top buyer China's imported bauxite.

  • JAKARTA, Jan 8- Indonesia's mining ministry on Wednesday sought to ease a looming mineral export ban by proposing a regulation that would allow shipments of some mineral ore concentrates to continue until 2017..

  • JAKARTA, Jan 7- Indonesia's third-largest nickel miner halted output at its 2- million-tonne-a-year mine on Tuesday, the first company to stop production as uncertainty grips the industry ahead of a looming ban on unprocessed metal ore exports.

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  • Dec 23- Freeport-McMoRan Copper& Gold Inc said on Monday it reached an agreement with Chief Executive Richard Adkerson to cancel his employment agreement, giving up his guaranteed salary, benefits and rights to substantial severance in exchange for restricted stock worth about $36 million.

  • Dec 23- Freeport-McMoRan Copper& Gold Inc said it would grant Chief Executive Richard Adkerson restricted stock units representing 1 million shares of the company, while terminating his current employment agreement, including salary, bonus and other rights. Adkerson will continue in his current role as president and CEO, the company said on Monday.

  • Indonesia ore export ban could boost shipping costs Thursday, 19 Dec 2013 | 10:18 PM ET

    Charter rates for ships carrying dry bulk cargoes such as nickel ore and bauxite to China from Indonesia have already soared more than 50 per cent from late August to early December after Beijing boosted imports ahead of the planned ban, shipping data showed.

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