Report: Freeport can ride out Grasberg storm
Indonesia's concentrate export ban, new ownership rules and licence conversion worry investors in Arizona copper giant.
Indonesia's concentrate export ban, new ownership rules and licence conversion worry investors in Arizona copper giant.
World's largest listed copper miner said Indonesian export ban will force it to slash spending and operate its giant Grasberg operations at 40% capacity.
Encanto closes deal to supply minimum 5m tonnes of potash per year to Indian farmers for the next 20 years.
The strike has not had a significant impact on mine and consolidated production, the company said.
World number four miner announces ambitious production, reserves and cost-cutting targets.
Annual consolidated production in 2016 was 145,530 gold equivalent ounces, down from the 154,529 gold equivalent ounces mined in 2015, but liquid assets now worth $64 million.
Innovators now have have until Jan. 25 to pitch their ideas. The winner will walk away with up to $1 million.
As part of the world's third largest gold producer by market value's ongoing efforts to focus on highly profitable, core assets.
Operations have been halted since Friday, when one of the two unions blocked all access to El Peñón as a way to press management.
The move comes less than two years after the Montreal-based firm decided to add exposure to the steelmaking raw material by grabbing a stake in the fellow Canadian iron ore company.