Freeport McMoRan - El Paso Operations

U.S. markets up and down on mixed news

The theme for the period was competing forces as an upbeat report on U.S. jobless claims was weighed against no progress in budget negotiations connected to the coming fiscal cliff. The tension between the two made for mixed results over the…



Terraco assembling Nevada property package

Through a series of three property deals, Terraco Gold (TEN-V) hopes to assemble a package of drill-ready gold targets in Nevada.In a deal with Newmont Mining (NEM-N), Terraco can acquire the Tuscaror…


Yandal deadline passes

Newmont Mining has had partial success sorting out the financial problems at its Yandal gold subsidiary in Australia.On March 27, Newmont brashly gave its hedging counterparties and its noteholders at…


Phelps Dodge settles with New Mexico

Vancouver — The world’s second-largest copper miner has reached an agreement with the state of New Mexico over financial assurances required as part of the closure of its Tyrone, Chino and Cobre oper…


First Quantum, BHP ink Copperbelt JV

Preliminary results have prompted BHP Billiton (BHP-N) to sign a joint-venture agreement with First Quantum Minerals (FM-T) to continue exploring the Zambian Copperbelt.The deal, essentially an extens…


Base metal miners advance

Buoyed by renewed strength in base metals prices, particularly in the nickel market, most of the base metal majors made gains during the report period ended May 27.Pechiney eased up 4 to US$14.05 as …


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