Freeport-McMoRan Inc (FCX.N)
19 May 2017
* Union says layoffs breach Indonesian labour law (Adds comment from Freeport, context)
* "For copper, chinese demand remains strong; europe , north america showing steady improvement" - CEO
SYDNEY, May 5 Copper prices dropped on Friday, compounding hefty overnight losses amid concerns about rising inventories and weakening consumption.
SYDNEY, May 5 London copper edged higher on Friday after a second session of losses, but remained vulnerable to further sell downs amid concerns about rising inventories and weakening consumption.
JAKARTA, May 4 Indonesian authorities on Thursday kicked off negotiations with Freeport McMoran Inc. over a contract dispute that has prompted the U.S. mining giant to scale down operations in the eastern province of Papua.
TIMIKA, Indonesia Thousands of workers from the Indonesian unit of Freeport McMoRan Inc staged a rally near its Papua mine on Monday, a union leader said, protesting against layoffs by the miner due to a contract dispute with the government.
TOKYO/SEOUL/JAKARTA, April 26 Freeport McMoRan Inc is preparing three copper concentrate export shipments from its giant Grasberg mine in Indonesia after a 15-week outage, sources with direct knowledge of the matter said.
TORONTO, April 25 Freeport-McMoRan Inc missed earnings expectations, cut its outlook and warned on Tuesday it would be difficult to secure a long-term Indonesian mining permit, but investors sent its stock soaring on relief over a temporary export resumption.
* CEO Richard Adkerson's total compensation for 2016 was about $16 million versus $8.6 million in 2015 - SEC filing
* CEO Richard Adkerson says capital spending at Indonesia's Grasberg mine slowed by about one-third in first quarter, now spending about $40 million each month on Grasberg block cave