FreeportMcMoRan Copper and Gold News

Freeport-McMoRan Copper & Gold Inc. turned in slightly weaker second-quarter earnings Tuesday, with lower copper and gold output from key mines eroding the benefit of stronger metals prices.

U.S. stocks gained on growing speculation the economy will avert a recession after better-than-forecast reports on durable goods orders, consumer confidence and new home sales.

Codelco, the world's largest copper producer, said output may decline for a fourth year because of labor unrest and aging mines, worsening a shortfall in global supplies that had sent prices to a record.

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Phoenix-based Freeport-McMoRan Copper & Gold Inc., one of Southern Arizona's largest employers, said today second-quarter profit fell 14 percent, as costs jumped and lower-grade ore cut output.

Copper rose for a fifth time in six days in Asia, on expectations of a strike in Peru and as the dollar traded near a record low against the euro, raising the appeal of raw materials as an alternative ...

Shares of Freeport-McMoRan Copper & Gold Inc. rose nearly 4 percent Friday after a global iron ore producer said it has not been in negotiations to acquire the Arizona copper mining company.

Cia. Vale do Rio Doce , the world's biggest iron-ore producer, said it is not in talks to acquire Freeport-McMoRan Copper & Gold Inc.

Freeport-McMoRan Copper & Gold Inc. said Wednesday workers at its Peruvian copper mine have canceled a planned strike as negotiations continue between the global copper producer and the union.

U.S. stock futures advanced after Wells Fargo & Co. and Intel Corp. posted higher-than-estimated quarterly profit, overshadowing a slump in commodities producers.

Citigroup on Tuesday upped its forecasts for copper and metallurgical coal and also increased earnings-per-share estimates for mining companies Freeport McMoRan Copper and Gold , Teck Cominco , Barrick Gold ...

Commodities are heading for their best first half in 35 years. The next six months may not be as rewarding because record prices for oil, copper and a dozen other raw materials may crimp consumption and ...

Since the beginning of the year, Industrial Info Resources has reported more than 1,900 major industrial projects in North America with engineering and/or construction firms identified.

Miners in Peru, the world's leading silver producer and second-largest copper and zinc miner, were readying a strike for midnight on Sunday that will see walkouts at the country's leading pits.

Freeport-McMoRan recently donated $1 million to New Mexico Tech to help create an endowed chair in the Mineral Engineering Department.

"This donation by Freeport-McMoRan is a great benefit to New Mexico Tech," university President Dr. Daniel H. Lopez said in a press release. "Through this partnership, we will be able to continue to attract the best instructors and top students."

Freeport-McMoRan Copper and Gold Inc. is the world's largest publicly-traded copper company, with headquarters in Phoenix.  

These are boom times for mining companies but the big profits are being eaten into not only by spiraling energy costs but suddenly rising prices for the explosives used to blast into the rocks.

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Chairman: Vale not ready to bid on Freeport yetBrazil's mining giant Vale, which had been reported to be considering a bid for Phoenix-based Freeport-McMoRan Copper & Gold Inc., U.S. aluminum producer Alcoa or ...

These are boom times for mining companies but the big profits are being eaten into not only by spiraling energy costs but suddenly rising prices for the explosives used to blast into the rocks.

Workers at Freeport-McMoRan Copper & Gold Inc. 's Peruvian copper mine agreed to end an 11-day strike, a union official said.