Freeport-McMoRan Inc




Open-pit mining resumes at Grasberg

The Indonesian government has given the go-ahead for Freeport-McMoRan Copper & Gold’s (FCX-N) to resume open-pit mining at its Grasberg complex after suspending operations there following the death of 28 workers in May.


U.S. markets, May 20-24

For the first week since mid-April, U.S. stock indexes were dragged lower — driven down by worries that the Federal Reserve is planning to taper off its stimulus program and nagging concerns about growth in China. The Dow Jones…


UPDATE2: Grasberg tunnel collapse kills 28

Twenty-eight workers have died at Freeport-McMoRan Copper & Gold’s (FCX-N) Grasberg mining complex in Indonesia after the roof of an underground training facility collapsed on May 14. Ten others have been rescued.


U.S. markets, May 13-17

U.S. markets continued their upward march, marking their fourth straight week of gains. The Dow Jones Industrial Average advanced 235.91 points, or 1.56%, to close the week at 15,354.40, while the S&P 500 Index rose 33.77 points, or 2.07%,…





Market news: TSX Venture Exchange

The S&P/TSX Venture Composite Index closed the period up slightly at 1,228.66 points for a 0.12% — or 1.42-point — gain. Markets rallied on stronger-than-expected U.S. job numbers and signs of improvement in the European Union.



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