Hints and tips:
...Its 5 times multiple of forward ebitda, before BHP’s approach, was about 15 per cent below BHP and Glencore, and 40 per cent under US-listed Freeport-McMoRan....
...It said this was because of the “principle of territoriality”, which means Swiss law applies only to nationals residing and companies incorporated in the country....
...The jump handed some US-listed copper stocks their biggest one-day gains since November 2022, with Freeport-McMoRan jumping 7.8 per cent and Southern Copper leaping 10.6 per cent....
...and BHP, said Anglo would need to push for a higher price from BHP or offer up another proposal that could involve selling assets and combining with similar-sized industry peers such as Teck Resources, Freeport-McMoRan...
...Anglo could also go on the offensive by proposing a merger with the second rung of mining groups such as Teck Resources, Freeport-McMoRan or South32, as it seeks to sell other assets....
...BHP’s main listing is now Sydney, but it is also a top 10 global producer, while the biggest copper miner of all is America’s Freeport-McMoRan.”...
...Both mines were sold to CMOC by US copper mine Freeport McMoran after pressure from activist investor Carl Icahn....
...Kathleen Quirk, president of Freeport-McMoran, the largest US copper producer, said that higher copper prices alone would not be enough to secure enough metal needed for the world to go green....
...Here is a chart of Freeport-McMoRan — a very big, very copper-focused miner — versus the price of copper itself and the S&P 500 over the past quarter century or so: With all that said, if you believe the...
...Rio is the world’s eighth-largest miner of the metal, behind copper giants such as US-listed Freeport-McMoRan and Codelco of Chile....
...Richard Adkerson, chief executive and chair of US mining group Freeport-McMoRan, said surging global demand for copper for the rapid rollout of electric cars, renewable electricity and power lines would...
...Deacon’s dress for Beyoncé incorporated pointed bust panels that had a touch of the Marvel superhero, without venturing into costume territory....
...Freeport-McMoRan, which operates Cerro Verde, Peru’s largest copper mine, said in an earnings call two weeks ago that it had reduced ore extraction by 10-15 per cent at the site to about 350,000 tonnes per...
...Bristow has previously weighed a bid for Freeport McMoran, the world’s biggest independent copper producer, but did not press ahead with a deal....
...“It has shifted between where we were that perceptions were bad and on-the-ground was good, to now perceptions are better but on-the-ground is uncertain,” said Richard Adkerson, chief executive of Freeport-McMoRan...
...He has gone on to have a career as glittering as his tapestries: he was part of Nigeria’s Nsukka group of artists who in the 1970s incorporated traditional Igbo designs into their abstract artworks; his...
...These are not employees of CMOC, the Chinese operator that bought the mine from US rival Freeport-McMoran in 2016....
...US miner Freeport-McMoRan has looked at the relationship between copper and diesel fuel prices over the past 16 years....
...They took over after the US-based company or Canadian company, which is Freeport. And it started with Freeport. The problem started with them, and the Chinese took over....
...Analysts expect further insights into the state of the 23mn tonne-a-year copper market and supply when Freeport-McMoRan and Anglo American issue production updates on Thursday followed by Glencore on Friday...
...However, the burgeoning new sector could be hit by copper shortages, according to the head of US mining group Freeport-McMoRan....
...The South American country is the world’s second-biggest producer of copper and a significant source of gold, silver, zinc, and tin....
...Commercial interests need to be defended, but deals to resolve episodes of resource nationalism — such as that between the Indonesian government and US miner Freeport-McMoRan over the giant Grasberg copper...
...The South American country is the world’s second-biggest producer of copper and a significant source of gold, silver, zinc and tin....
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