Canadian Mining Journal

Freeport-McMoRan Inc

  • News

    COPPER-GOLD: Grasberg talks underway says Rio

    May 23, 2018 by Canadian Mining Journal

    INDONESIA – Rio Tinto of Melbourne, Australia, has confirmed that it is in talks with several parties concerning the sale of its interest in the Grasberg copper-gold mine in the province of Papua. Historically, the project has been owned 40%

  • News

    GOLD: WGC rates Top 10 gold miners

    March 1, 2018 by Canadian Mining Journal

    LONDON, U.K. – The World Gold Council has perused the numbers and determined that primary gold production his another record level in 2017. Output totaled roughly 105 million oz., up 17 million oz. from the previous year. Nearly 30% of

  • News

    COPPER-GOLD: Indonesian government to pick up Rio’s share of Grasberg

    December 6, 2017 by Canadian Mining Journal

    INDONESIA – If the Indonesian government wants 51% of your mine, what can you do? Freeport McMoRan of Phoenix, Ariz., has caved to the demand and agreed to divest its interest in one of the world’s richest copper-gold mines in

  • COPPER-GOLD: Freeport caves in to Indonesian government over Grasberg interest

    August 30, 2017 by Canadian Mining Journal

    INDONESIA – Freeport-McMoRan of Phoenix, Ariz., has agreed to give up control of the world’s second largest copper mine, Grasberg, to the Indonesian government. The announcement comes after escalating public outrage at foreign ownership of the mine. In January the

  • News

    TNM Data Miner: Largest global cobalt reserves in 2016

    June 29, 2017 by Canadian Mining Journal

    Using the IntelligenceMine database of our sister company Infomine, The Northern Miner compiled a list of the world’s five largest cobalt deposits in 2016, based on reserves. 1. Mutanda, Democratic Republic of the Congo Glencore’s Mutanda copper-cobalt mine in the Democratic Republic of the Congo

  • News

    Freeport to sell Tenke stake for US$2.7B

    May 12, 2016 by Canadian Mining Journal

    VANCOUVER — Freeport-McMoRan (NYSE: FCX) has been working to reduce its sky-high debt loads, and on May 9 it made the deepest cut to date. The company has agreed to sell its 56% stake in the US$3-billion Tenke Fungurume copper-cobalt mine in

  • News

    Nevsun trumps Lundin bid for Reservoir’s Timok

    April 27, 2016 by Canadian Mining Journal

    VANCOUVER – There’s been ample speculation on when Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) would mobilize its substantial capital position in the mergers and acquisitions arena, and on April 24 the company finally pulled the trigger on a US$365-million deal for prospect generator

  • News

    Reservoir Minerals teams up with Rio Tinto

    November 17, 2015 by Canadian Mining Journal

    For a junior company to entice a major to earn into an exploration project is impressive. To repeat that success with a different major on a separate set of concessions, and, at a dismal time in commodity markets, is nothing

  • News

    GOLD-COPPER: FCX announces cost cutting plans

    July 28, 2015 by Canadian Mining Journal Editor

    PHOENIX, Arizona – Freeport-McMoRan, one of North America’s largest copper-gold producers, has announced plans to trim costs in the face of shrinking prices for its major products. The company said investors should expect it to make cuts…

  • News

    BMO: Freeport-McMoRan ‘sending the right message’

    December 8, 2014 by Canadian Mining Journal Editor

    VANCOUVER — It’s been a year of change for miner Freeport-McMoRan Copper & Gold (NYSE: FCX) that has included a significant portfolio shuffle and a renewed focus on a strong balance sheet and dividend program. The…

  • News

    COPPER: Lundin to buy Freeport’s interest in Candelaria complex

    October 7, 2014 by Canadian Mining Journal Editor

    CHILE – Lundin Mining Corp. of Toronto has agreed to purchase Freeport-McMoRan’s 80% share of the Candelaria-Ojos del Salado copper mining operation for US$1.8 billion. The operation includes an open pit, an underground mine, and a…

  • News

    COPPER: Freeport-McMoRan output tops Codelco

    February 10, 2014 by Canadian Mining Journal Editor

    PHOENIX, Arizona – According to a recent report in LatinoMineria (, Freeport-McMoRan Mining is now the largest copper producer in the world, pushing Chile’s Codelco into second place. The Spanish language publication…