Freeport cuts costs to pay down year-end debt
Freeport-McMoRan Copper & Gold (FCX-N) is tightening its belt to weather low copper and gold prices.The New Orleans-based major says it will lower operating costs, and capital and exploration expendit…
Freeport-McMoRan Copper & Gold (FCX-N) is tightening its belt to weather low copper and gold prices.The New Orleans-based major says it will lower operating costs, and capital and exploration expendit…
After five straight days of losses, the Dow Jones industrial average turned things around with a gain of 126 points on Dec. 15, the last day of our report period. However, the average was still off 20…
The Dow Jones industrial average lost 105.56 points during the report period ended Dec. 8, closing at 9,027.98.Copper and silver issues early in the week fell in line with dropping oil prices, hitting…
Six Canadian companies are spearheading an effort to help control acid drainage at mining projects.Majors Placer Dome, Inco, Noranda, Teck, Rio Algom and Falconbridge are among 17 companies that forme…
Spurred by the third cut to interest rates this year, the Dow Jones industrial average surged during the Nov. 18-24 report period to an all-time high of 9,301.15 points. The average peaked at 9,374.27…
The Dow Jones industrial average edged closer to the 9,000 point mark, actually surpassing that level during the report period of Nov. 11-17. The average was up 122.3 points (or 1.4%) to finish the we…
A year ago, mining companies talked mostly about their expanding reserves and resources. At the recent Mining Investment Forum in Denver, gold producers were grilled by mining analysts and fund manage…
During the report period ended Oct. 27, the Dow Jones industrial average slowed its pace, having posted heavy gains in the previous week. The Dow slipped 139.81 points, or 1.6%, to close at 8,366.04.M…
Another quarter-point drop in interest rates by the Federal Reserve bolstered the Dow Jones industrial average for the report period ended Oct. 20. The average climbed 567.71 points, or 7.2%, to close…
Aber ResourcesAfrican GemstonesAlberta EnergyAllican ResourcesAmerican CopperAmeridex MineralsApex Silver MinesArchangel DiamondAriel ResourcesAsarcoAshton Mining of CanadaAsia SapphiresAt…
“I’ve heard they’ve got 15 million ounces of gold,” the broker said. “The news is all over the Street.”In the heady days of 1995 and 1996, it was something you heard all the time: ounces, ounces, ounc…
London-based analysts Emil Morfett and Nigel Kieser of J.P. Morgan Securities expect that Rio Tinto (RTP-N) will use its financial muscle to acquire quality assets now available at reduced prices.”In …
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