Freeport-McMoRan chief executive Richard Adkerson has revealed that the mining giant is set to greenlight expansions at several of its US copper mines against a backdrop of rapidly rising demand for the strategic metal. Phoenix-based Freeport is aiming to capitalise on President Joe Biden’s pledge to...
Rio Tinto and several of its large diversified rivals managed to further increase profit margins and cash flows during the 2018 financial year, according to a recent Fitch Solutions report. The report outlined how improved financial performances were a result of miners streamlining their operations, cutting...
Indonesia is planning to purchase Rio Tinto’s 40% participating stake in the Grasberg copper-gold mine as part of the government’s plans to increase its control over national resources. The vast mine is operated by the local division of US-based Freeport-McMoRan, who formed a joint venture with...
Lundin Mining (TSX:LUN) will sell its minority stake in an African copper mine to a Chinese private-equity firm for US$1.14 billion. The deal will see Lundin relinquish its 30% interest in TF Holdings, the holding company which indirectly owns 80% of the Tenke Fungurume mine in...
