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Copper Mining Company, Freeport Mc-Moran’s Reported Quarterly Profit Drop, Copper Mine Prices Slump
Freeport-McMoRan Copper & Gold Inc. on Wednesday reported a huge drop in quarterly profit, although the slumping price of copper was offset by a nearly doubling of gold sales.
Copper Mining Exploration at Tenke Fungurume in DR Congo To Start Mining Production
The Tenke Fungurume copper-cobalt mine project, in the Democratic Republic of Congo, has attracted more than its fair share of naysayers, many of whom questioned the almost $2-billion being poured into the mining project by its North American owners.
World’s mining firms dig in perilous terrain
The world’s biggest mining companies, hungry for metals increasingly tapped out in developed countries, are plunging into risky new terrain. Mining executives are setting up operations in some of the most violent, politically turbulent places, like the Tenke Fungurume copper and cobalt mine Phelps Dodge approved here in December.
Expatriate homes for the Tenke staff have [...]
Tenke Mining: Lundin Merger Offer Could Spike Bidding War.
Sufiy submits: It’s all happening so fast. On April 4th, Lundin Mining announced an all cash offer at CAD 5.0 per share of Rio Narcea for all shares outstanding; it is now only a couple weeks later and we have news of a new deal to buy out Tenke Mining , with their major [...]
Tenke Mining: Lundin Merger Offer Could Spike Bidding War.
Sufiy submits: It’s all happening so fast. On April 4th, Lundin Mining announced an all cash offer at CAD 5.0 per share of Rio Narcea for all shares outstanding; it is now only a couple weeks later and we have news of a new deal to buy out Tenke Mining , with their [...]
