Freeport-McMoRan to run lean in 2009
Vancouver – Freeport-McMoRan Copper & Gold (FCX-N) is making deep cuts to capital expenditures, nixing its divi…
Freeport-McMoRan Inc
HudBay Bids For Lundin
Vancouver — In a move that took investors and analysts by surprise, HudBay Minerals (HBM-T, HBMFF-o) and Lundin Mining (LUN-T, LMC-n) plans to merge into what they hope will be the next major global …
Lundin Sees One-Two Punch In Q3
Vancouver– Deteriorating metal prices have forced Lundin Mining (LUN-T, LMC-n) to put one mine on care and maintenance, consider closing another early, and shift production at a third to copper from …
Freeport axes moly jobs and production
Vancouver — With the molybdenum price crashing, Freeport-Mc- MoRan Copper & Gold (FCX-n), the world’s largest moly producer, is slashing more than a hundred moly-related jobs, cutting production …
Katanga pulls the brakes on cobalt production
Katanga Mining (KAT-T) blames falling cobalt prices for its decision to stop producing the metal at one of its proj…
Editorial: Moly meltdown shakes things up
The spectre of a global recession continued to grow and shape-shift during the week ended Nov. 8, the 45th trading week of 2008, laying its dead hand onto more industrial players, including automakers…
Freeport-McMoRan axes moly jobs and production
Vancouver – As the price of molybdenum tumbles Freeport-McMoRan Copper and Gold (FCX-N), the world’s largest …
More rumbles from the DRC
Tough times for companies across the mineral sector are being amplified for those in the Democratic Republic of the Congo (DRC).
Deutche Bank downgrades commodities outlook
Citing low global growth expectations, Deutche Bank has lowered price targets for commodities. Deutche Bank expects…
DRC miners hardest hit
While these are tough times for companies across the mineral sector miners in the Democratic Republic Congo (DRC) a…
Freeport McMoRan highlights positives for copper at Denver
In a presentation at the Denver Gold Forum in September, Richard Adkerson, president and CEO of Freeport McMoRan Co…
Citigroup cuts commodity forecasts for 2009-10
Citi Investment Research has lowered some of its commodity price forecasts due to the U. S. financial crisis, slowing growth in China and disinflationary developments.