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Latin America The Bahamas

  • FREEPORT PREPARED TO SUSPEND GRASBERG UNDERGROUND DEVELOPMENT, TOTAL SUSPENSION WOULD PUT ABOUT 5,000 WORKERS OUT OF WORK-CEO.

  • VP raised Freeport dispute in discussion with Widodo. Indonesia's trade ministry issued Freeport with a permit to export 1.1 million tonnes of copper concentrate up to February next year, although it was unclear how long shipments would last. Freeport is still at loggerheads with Indonesia over rights to its giant Grasberg mine in Papua, and tensions with...

  • Tensions are rising around Grasberg, the world's second-biggest copper mine, after operator Freeport laid off thousands of workers there to stem losses from an ongoing dispute with the Indonesian government over mining rights. While Freeport is expecting to soon seal agreements with Jakarta to allow it to temporarily resume copper concentrate exports...

  • LONDON, April 21- Supply concerns helped copper to inch higher on Friday but the metal was still on track for a third week of losses due to fund selling earlier in the week on fears political instability could hurt global growth. *RIO TINTO: Rio on Thursday cut full-year copper production guidance to 500,000-550,000 tonnes from up to 665,000 tonnes due to a strike...

  • LONDON, April 21- Supply concerns helped copper higher on Friday but the metal was still on track for a third week of losses due to fund selling earlier in the week on fears political instability could hurt global growth. Stocks in warehouses monitored by the Shanghai Futures Exchange declined 11.5 percent to 240,191 tonnes from a week ago.

  • LONDON, April 21- Supply concerns helped copper higher on Friday but the metal was still on track for a third week of losses due to fund selling earlier in the week on fears political instability could hurt global growth. Stocks in warehouses monitored by the Shanghai Futures Exchange declined 11.5 percent to 240,191 tonnes from a week ago.

  • Tensions are rising around Grasberg, the world's second-biggest copper mine, after operator Freeport laid off thousands of workers there to stem losses from an ongoing dispute with the Indonesian government over mining rights. While Freeport is expecting to soon seal agreements with Jakarta to allow it to temporarily resume copper concentrate exports...

  • VP Pence visits Indonesia next week on Asian tour. *Indonesia questions Trump policies on immigration, trade. JAKARTA, April 13- Washington has billed Vice President Mike Pence's visit to Indonesia next week as a booster for the Strategic Partnership between the world's second- and third-largest democracies, but a raft of bilateral tensions could sap the...

  • *Korea tensions, lack of Trump spending plans weigh. LONDON, April 12- Copper slid to three-month lows on Wednesday as a tentative recovery in broader financial markets lost steam, with geopolitical tensions and fading hopes of a boost to U.S. demand putting pressure on prices. The metal slipped this week along with other cyclical assets as concerns over North...

  • *Korea tensions, lack of Trump spending plans weigh. LONDON, April 12- Copper eased to one-month lows on Wednesday, shrugging off a tentative recovery in broader financial markets as geopolitical tensions and fading hopes for a boost to U.S. demand pressured prices. The metal slipped this week along with other cyclical assets as concerns over North Korea and the...

  • *Korea tensions, lack of Trump spending plans weigh. LONDON, April 12- Copper eased to two-week lows on Wednesday, shrugging off a tentative recovery in the broader financial markets as geopolitical tensions and fading hopes for a boost to U.S. demand pressured prices. The metal slipped this week along with other cyclical assets as concerns over North Korea and...

  • MELBOURNE, March 22- London copper dropped with other commodities on Wednesday as investors shunned risk on doubts over the economic agenda of U.S. Concerns that the U.S. would not push through corporate tax cuts as promised before the election pulled down stocks in Asia, with the negative sentiment spilling into metals, said analyst Daniel Morgan of UBS in...

  • SECOND DAY OF TALKS BETWEEN UNION AND FREEPORT ENDS WITH NO AGREEMENT, WORKERS TO CALL FOR REGION-WIDE PROTESTS.

  • *China imports 380,000 T copper in Jan, down 22 pct vs Dec. Trade data from China, the world's biggest metals consumer, also provided support, but copper pulled back from highs after Indonesia issued new mining permits to Freeport McMoRan Inc, opening the way for a resumption of exports. "Trump seems to have come round to the one- China view and he wants to have a good...

  • *Freeport still trying to work out permit renewal for Papua mine. Freeport-McMoRan Inc warned it will scale back output at its Grasberg mine in Indonesia, the second-biggest, amid a smelter strike and issues over renewal of its mining permit. In Indonesia, a strike at the country's biggest copper smelter, which is Freeport's sole domestic offtaker of copper...

  • NEW YORK, Feb 1- The S&P 500 edged higher on Wednesday to cap a four-day losing streak, buoyed by gains in Apple shares and after the Federal Reserve kept U.S. interest rates unchanged, as expected. Apple shares rose 6.1 percent to $128.75, its highest close in a year and a half. In its first meeting since President Donald Trump took office, the Fed's policy-setting...

  • NEW YORK, Feb 1- The S&P 500 moved in and out of negative territory on Wednesday, buoyed by gains in Apple shares and after the U.S. Apple shares rose 7.4 percent to $130.31 after touching $130.35, its highest in 18 months. "Confidence in the economy was reflected in the more emphatic statement with regard to inflation," said Atul Lele, chief investment officer at Deltec...

  • *Lean trading in Asia ahead of Lunar New Year holiday. LONDON, Jan 26- Copper closed lower on Thursday, hurt by a strengthening dollar, after hitting a two-month high earlier in the day on concerns about potential supply disruptions in Indonesia and Chile. Freeport-McMoRan, the world's biggest listed copper miner, warned on Wednesday it would need to start...

  • *Lean trading in Asia ahead of Lunar New Year holiday. LONDON, Jan 26- Copper slipped on Thursday after hitting a two-month high on worries over potential supply disruptions in Indonesia and Chile, while zinc hit a 1-1/ 2 month peak on expectations of continued supply shortages. Freeport-McMoRan, the world's biggest publicly-listed copper miner, warned on...

  • *Lean trading in Asia ahead of Lunar New Year holiday. LONDON, Jan 26- Copper hit a two-month high on Thursday on worries over potential supply disruptions in Indonesia and Chile, while zinc hit a 1-1/ 2 month peak on expectations of continued supply shortages. Freeport-McMoRan, the world's biggest publicly-listed copper miner, warned on Wednesday it would need to...