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 Freeport-McMoRan Grasberg mine

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updated Mon. February 26, 2018

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Indonesia extends export recommendation for Freeport Freeport Indonesia's Grasberg mine in Mimika, Papua, in an undated photograph. (JP/Nethy Dharma Somba) ...
Freeport-McMoRan (nyse: FCX) owned Grasberg mines, located in Indonesia, has been in the headlines since last year as a consequence of the regulatory changes imposed by the local government in an effort to protect its home trade. Freeport is currently operating on a temporary export permit which ...

The Company's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.S.) Oil and Gas Operations. The Company has organized its operations into five divisions, which include North America copper mines, South America mining, ...
Top copper producer Freeport-McMoRan (nyse:FCX) is still awaiting Indonesia's decision on the renewal of its copper concentrate export permit, due to expire on Friday (February 16). Under the current regulations, Freeport, which operates Grasberg, the world's second-largest copper mine, has to reapply ...
During the 4Q17 earnings call, Richard Adkerson, Freeport's CEO, said that that he has two personal milestones: "One is when Freeport starts paying dividends again and two is when I can take a group of analysts and shareholders back out to Grasberg to see the place." While dividend reinstatement was ...
Inalum asks Danareksa to calculate Freeport's shares value Freeport Indonesia's Grasberg mine in Mimika, Papua in an undated photograph. (JP/Nethy Dharma Somba) ...

analyst Lucas Pipes notes a positive outlook on the shares, as the company reported fourth quarter earnings per share and revenues above consensus projections driven by tax benefits from U.S. Tax Reform legislation and in--line copper sales, while management provided Grasberg guidance updates.
Judging by Freeport-McMoRan's answers during the quarterly conference call, the leading option is to achieve a sale of Rio Tinto's (RIO) stake in Grasberg. Among other good news is the fact that the Indonesian government has appointed internationally known financial Advisors to work on the valuation ...
However, the final price becomes less important if Rio Tinto agrees to sell its interest in Grasberg because Freeport could then divest a much smaller stake. Adkerson isn't directly involved in the talks between Rio and the Indonesian government but it appears a sale is the "most likely outcome," he said.
The US company, which operates the Grasberg mine through its 90.64%-owned PT Freeport Indonesia (PT-FI) subsidiary, is providing information to assist the ... Rio Tinto has a joint venture with Freeport for a 40% share of production above specific levels until 2021, and 40% of all production after 2021.
FCX data by YCharts Freeport-McMoRan will report earnings towards the end of this week. As has been typical of recent conference calls, most of the call will probably focus on Indonesia and the Grasberg mine. While I understand that Indonesia is a huge overhang on the stock and investors want it ...
Its assets include the Indonesian Grasberg mining complex as well as significant mining operations in The Americas. Freeport-McMoRan Inc. has its corporate headquarters located in Phoenix, AZ and employs 30,000 people. Its market cap has now risen to $28.89 billion after today's trading, its P/E ratio is ...
You'll also want to consider that Freeport is currently in tense negotiations with Indonesia over its ownership of the giant Grasberg mine. This single asset holds roughly 30% of Freeports copper reserves and all of its gold reserves. To simplify a complex issue, Indonesia wants to get more financial benefit ...
Freeport Indonesia operates the Grasberg copper and gold mine in Mimika district, Papua. According to Friday's agreement, Papua province and Mimika district will jointly receive 10 percent of Freeport Indonesia's shares via Inalum. The state-owned mining holding company will fund the entire cost of the ...
The latest metal markets news and price moves to start the North American day on Wednesday January 3. Base metals prices on the London Metal Exchange dipped across the board during morning trading today, with the recent price rallies taking a break. Copper has dipped back below the $7,200 per ...
Freeport-McMoRan continues to rally, thanks to higher copper prices and general optimism toward basic materials companies. Meanwhile, the company gets an export permit extension from Indonesia, meaning that a deal on Grasberg divestment has not been reached yet. Talks in Indonesia could continue ...
Unfortunately, however, the uncertainties at Freeport weren't over, with a dispute at the giant Grasberg mine in Indonesia taking center stage in early February. This single mine accounts for roughly 30% of Freeport's copper reserves and virtually all of its gold reserves, clearly an important asset for the ...

In August last year, Freeport agreed to reduce its majority stake in the miner to 49 percent, build a local copper smelter and pay more taxes and royalties with hopes to extend its contract to operate the massive Grasberg mine until 2041. Tough negotiations between the Indonesian government and Freeport ...
Since mining operations started in Ertsberg and later in Grasberg, Freeport has served to draw unemployed youth from across the entire ...
He worked for a firm that supplied food to Freeport McMoRan, the US mining giant that runs Grasberg, one of the world's largest copper and ...
Freeport McMoRan (FCX +1.8%) says a fire broke out Thursday night at the main port it uses in Papua, Indonesia, where copper concentrate ...
... in the back in an area near Freeport-McMoRan Inc's giant Grasberg copper mine in the eastern province of Papua, a police spokesman said.
The Grasberg mine, one of the largest sources of copper and gold in the world, has been operated by Freeport-McMoRan since the early 1970s ...
Freeport's iconic Grasberg mine in Indonesia's remote Papua province produced more than 500,000 tonnes of copper and over 1m ounces of ...
Indonesian police stand guard at the open-pit mine of PT Freeport's Grasberg copper and gold mine complex near Timika, in the eastern ...
Shares in Freeport McMoRan Inc (NYSE:FCX), the world's second largest copper producer, were clobbered on Wednesday as investors ...
State-Owned Enterprises Minister Rini Soemarno has said the government wants to cooperate closely with gold and copper miner PT Freeport ...
Bloomberg: Rio holds talks with Indonesia about exit from Grasberg ... agreement with Grasberg operator Freeport McMoRan (nyse:FCX), ...
Freeport's iconic Grasberg mine in Papua is forecast to produce 450 000 tonnes of copper and 1.6m ounces of gold in 2017.
In August, U.S.-based Freeport-McMoRan agreed to sell a 51 percent stake in the Grasberg mine in exchange for licenses to operate the ...
Freeport agreed in August to divest a 51% stake in Grasberg to local interests in return for full operational control until 2041 plus fiscal and legal ...
Freeport McMoRan can still generate a ton of cash from its Grasberg mine and once the Grasberg issues are resolved, shareholders can ...
The contract of the gold and copper miner Freeport Indonesia to run the Grasberg mine in West Papua has been extended until 2041.
On Wednesday Freeport said flash floods at Grasberg destroyed roads, bridges and water lines and one worker remains unaccounted for.
Freeport-McMoRan gained 5.7%, while the S&P 500 rose 0.1% to ... needed to ship concentrates from Grasberg, uncertainty around the longer ...
Indonesia's government is keeping quiet on the progress of negotiations with the global mining giant Freeport, over its gold and copper mine in ...
The Grasberg mine is a massive scar 14,000 feet atop West Papua's part ... Phoenix-based Freeport-McMoRan, trying to abrogate a treaty from ...
More shipments from its low-cost Grasberg mine had a favorable impact on Freeport's 2Q17 unit cash costs. Southern Copper's (SCCO) ...
Indonesia has agreed to a special mining permit with Freeport that will grant the miner operating rights for its Grasberg mine in Papua province ...
A vehicle passes through gold and copper mining company PT Freeport Indonesia's mining area in Grasberg, Mimika, Papua. (JP/Nethy ...
And in good news for Rio, whose interest in Grasberg has been looking less valuable in recent times, Freeport says progress has been made in ...
Jakarta/Toronto. An estimated 5,000 workers at the giant Grasberg copper mine operated by Freeport-McMoRan's Indonesian unit will extend ...
Freeport-McMoRan (FCX) is expected to release its 2Q17 earnings on July 25, 2017. In this part of the series, we'll see what analysts are ...
Indonesia's government says it will invite Freeport McMoRan (NYSE:FCX) CEO Richard Adkerson to Jakarta this month to try to settle the ...
According to Angel Commodities, expect MCX copper prices to trade lower today in line with international trends.
... recovered from an early morning tumble, however. Freeport-McMoRan Inc (nyse:FCX), G-III Apparel Group, Ltd. (Nasdaq:GIII) and Frontier Communications Corp (NASDAQ:FTR) all fell too much to stage a meaningful recovery.
Papua to get 5 percent, Luhut says on Freeport divestment A vehicle passes through gold and copper miner PT Freeport Indonesia's (PTFI) mining area in Grasberg, Mimika, Papua. (JP/Nethy Dharma Somba) ...
The strike's continuation comes as Freeport's Grasberg mine in Indonesia resumed copper production this week following a more than monthlong stoppage over export rights.
Top listed copper producer Freeport McMoRan's giant Grasberg mine in Indonesia also announced this week copper concentrate production will be resumed after a 38-day hiatus following a strike at a domestic refinery in which the US company owns a ...
The flow of news from Indonesia, where Freeport-McMoRan (nyse:FCX) fights for its contractual rights with the local government, intensifies.


 

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