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Latest Grasberg mine Stories

2008-10-21 09:00:37

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX): HIGHLIGHTS -- Net income applicable to common stock for third-quarter 2008 totaled $523 million, $1.31 per share, compared with $775 million, $1.87 per share, for third-quarter 2007. Net income applicable to common stock for the first nine months of 2008 totaled $2.6 billion, $6.20 per share, compared with $2.4 billion, $6.58 per share, for the first nine months of 2007. -- Consolidated sales from mines for third-quarter...

2008-09-10 00:00:19

By Nick Clark The Norwegian government has launched an unprecedented attack on the UK mining giant Rio Tinto, selling a 500m holding in the company after accusing it of "grossly unethical conduct" relating to environmental damage. The Norwegian Ministry of Finance released a statement yesterday, saying it had "decided to exclude the company Rio Tinto from the Government Pension Fund - Global, due to a risk of contributing to severe environmental damage". The government has blocked its...

2008-07-22 09:00:55

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX): HIGHLIGHTS -- Net income applicable to common stock for second-quarter 2008 totaled $947 million, $2.25 per share, compared with $1.1 billion, $2.62 per share, for second-quarter 2007. Net income applicable to common stock for the first six months of 2008 totaled $2.1 billion, $4.89 per share, compared with $1.6 billion, $4.80 per share, for the first six months of 2007. -- Consolidated sales from mines for second-quarter...

2007-12-13 18:00:28

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced today a new organizational structure for its operations management team following a decision by Tim Snider, President and Chief Operating Officer, to retire effective April 1, 2008. The operations will continue to be managed by geographic region, including North America, South America, Indonesia and Africa. The following individuals will comprise the executive operations management team, reporting to Chief Executive Officer...

2006-02-28 03:40:00

By Achmad Sukarsono JAKARTA (Reuters) - Hundreds of native Papuans are demonstrating to demand the closure of a huge mine in Indonesia's Papua province run by the U.S. company Freeport-McMoran Copper & Gold Inc, police and witnesses said on Tuesday. In Jakarta, 100 protesters trying to enter a building that houses Freeport offices scuffled with anti-riot police, who eventually used a water cannon to help disperse the crowd. Protesters also have staged rallies in Papua's provincial capital...

2006-02-25 10:18:19

JAKARTA (Reuters) - Protesters obstructing access to a huge mine owned by a unit of U.S. firm Freeport-McMoRan Copper & Gold Inc. in Indonesia's remote Papua province called off their blockade on Saturday, but it was unclear whether the mine had resumed operations, a senior police official said. Operations at the Grasberg mine, believed to have the world's third-largest copper reserves and one of the biggest gold deposits, were suspended on Wednesday after illegal miners armed...


Word of the Day
siliqua
  • A Roman unit of weight, 1⁄1728 of a pound.
  • A weight of four grains used in weighing gold and precious stones; a carat.
  • In anatomy, a formation suggesting a husk or pod.
  • The lowest unit in the Roman coinage, the twenty-fourth part of a solidus.
  • A coin of base silver of the Gothic and Lombard kings of Italy.
'Siliqua' comes from a Latin word meaning 'a pod.'
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