International Business News - FCX http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of mining companies mostly fell Friday as precious metals traded sharply lower and the broader markets fluctuated wildly. The tightened credit markets and loss of consumer confidence has contributed to a 21 percent drop in the Dow in the past 10 trading days. http://www.ibtimes.com/articles/20081010/sector-snap-shares-of-miners-mostly-fall.htm Fri, 10 Oct 2008 15:39:28 EDT Gold prices spiked Wednesday after the U.S. Federal Reserve cut its key interest a half point. A rate cut may stimulate the economy, but the national currency typically reacts negatively as investors put money elsewhere for better returns. http://www.ibtimes.com/articles/20081008/sector-snap-gold-jumps-on-rate-cut.htm Wed, 08 Oct 2008 11:43:48 EDT Among the premarket stories for Tuesday, Oct. 7, from AP Financial News: NEW YORK (AP)--A Jefferies and Co. analyst downgraded metal and plastics supplier A.M. Castle & Co. to "Hold" from "Buy" Tuesday, citing broader weakness in the U.S. steel market that is expected to last for the rest of the year. http://www.ibtimes.com/articles/20081007/premarket-roundup-am-castle-wachovia-standstill.htm Tue, 07 Oct 2008 10:30:40 EDT A Friedman, Billings, Ramsey analyst on Tuesday upgraded shares of Freeport-McMoRan Copper & Gold Inc., saying shares of the mining giant have been oversold. http://www.ibtimes.com/articles/20081007/ahead-of-the-bell-freeport-mcmoran-upgraded.htm Tue, 07 Oct 2008 07:41:01 EDT Shares of gold mining companies fell Monday as worried investors sent the Dow Jones industrial average below 10,000 for the first time in four years. Although precious metals were mixed overall, gold for December delivery was up $44, or 3.96 percent, to $866.20 an ounce on the New York Mercantile Exchange. http://www.ibtimes.com/articles/20081006/sector-snap-gold-miners-fall-with-markets.htm Mon, 06 Oct 2008 15:55:58 EDT Shares of coal and precious metals miners rose modestly Friday as Congress passed a $700 billion financial bailout package. The 263-171 vote by the House sends the Senate-passed version to the White House for President Bush's signature. The measure would allow the Treasury Department to buy bad debt from various lending institutions. http://www.ibtimes.com/articles/20081003/mining-stocks-rise-on-bailout-plan-ok.htm Fri, 03 Oct 2008 14:22:52 EDT Shares of precious metals mining companies sank Thursday as the gold price fell and investors worried about the government's proposed $700 billion financial bailout plan. http://www.ibtimes.com/articles/20081002/sector-snap-gold-miner-shares-fall-with-market.htm Thu, 02 Oct 2008 15:55:39 EDT Shares of coal companies tumbled Friday after the government said coal production dropped 3 percent last week. The Energy Information Administration said Friday that total U.S. coal production fell by 700,000 tons, or 3 percent, to 22.6 million tons for the week ended Sept. 20. Production still remains above the 22.2 million tons produced for the week ended Sept. 22, 2007. http://www.ibtimes.com/articles/20080926/sector-snap-coal-stocks-tumble.htm Fri, 26 Sep 2008 12:15:01 EDT Shares of most utilities dropped Monday morning after Hurricane Ike ripped through southern Texas, widely disrupting power, and the broader markets tumbled on concern about the financial sector. http://www.ibtimes.com/articles/20080915/shares-of-utilities-slide-after-ike-cuts-power.htm Mon, 15 Sep 2008 11:50:52 EDT Separatist rebels are being investigated in a string of bombings targeting a U.S. mining giant in Indonesia's restive eastern Papua province, police said Monday. No one was wounded in the blasts, which followed written demands that the company's gold mine be shut. http://www.ibtimes.com/articles/20080915/indonesia-police-suspect-separatists-in-mine-blast.htm Mon, 15 Sep 2008 08:17:52 EDT A bomb exploded Sunday near an airport built by a U.S. gold mining giant in Indonesia's restive Papua province, police said. No one was injured and there was little damage. http://www.ibtimes.com/articles/20080914/suspected-bomb-explodes-at-indonesian-airport.htm Sun, 14 Sep 2008 14:38:32 EDT Two small bombs exploded early Friday on a road leading to a massive copper and gold mine in eastern Indonesia and a third unexploded mortar was found nearby, police said. No one was injured and there was little damage. http://www.ibtimes.com/articles/20080912/2-explosions-go-off-near-indonesia-mine.htm Fri, 12 Sep 2008 09:24:35 EDT Among the earnings projection stories for Wednesday, Sept. 10, from AP Financial News: DENVER (AP)--Freeport-McMoRan Copper & Gold Inc. on Wednesday cut its 2008 copper sales outlook by 1.6 percent after a wall slipped at its open pit mine in Indonesia. http://www.ibtimes.com/articles/20080910/outlook-roundup-freeport-mcmoran-copper-gold.htm Wed, 10 Sep 2008 10:51:22 EDT Freeport-McMoRan Copper & Gold Inc. on Wednesday cut its 2008 copper sales outlook by 1.6 percent after a wall slipped at its open pit mine in Indonesia. http://www.ibtimes.com/articles/20080910/freeport-mcmoran-cuts-2008-copper-sales-outlook.htm Wed, 10 Sep 2008 09:49:24 EDT Mining giant Freeport-McMoRan Copper & Gold Inc. reduced its sales estimates Wednesday of copper and gold due to an unspecified failure at subsidiary PT Freeport Indonesia. http://www.ibtimes.com/articles/20080910/freeport-mcmoran-cuts-mining-estimates.htm Wed, 10 Sep 2008 09:31:31 EDT Norway's sovereign wealth fund sold its stake in Anglo-Australian mining company Rio Tinto PLC and won't invest in the company again because of concerns over environmental damage at a mine in Indonesia, the Finance Ministry said Tuesday. http://www.ibtimes.com/articles/20080909/norway-fund-blacklists-rio-tinto-over-environment.htm Tue, 09 Sep 2008 11:02:36 EDT Two of the world's largest gold producers are taking different routes to reach the same goal--gaining more control over the nagging, high energy costs. http://www.ibtimes.com/articles/20080905/barrick-gold-newmont-invest-in-energy-projects.htm Fri, 05 Sep 2008 16:00:33 EDT Among the stock activity stories for Friday, Sept. 5, from AP Financial News: NEW YORK (AP)--Shares of Martek Biosciences Corp. climbed Friday after the nutritional oil and dietary supplement company reported stronger fiscal third-quarter profit and revenue than Wall Street expected, and raised its outlook for 2008. http://www.ibtimes.com/articles/20080905/movers-roundup-martek-biosciences-aig.htm Fri, 05 Sep 2008 14:24:31 EDT Shares of mining giant Freeport-McMoRan Copper & Gold Inc. fell Friday trading as worried investors pulled money out of the weakening commodities sector. http://www.ibtimes.com/articles/20080905/freeport-mcmoran-shares-dip-as-commodities-weaken.htm Fri, 05 Sep 2008 17:44:14 EDT Wall Street capped a volatile week with sharp gains Friday as oil prices tumbled and after Federal Reserve Chairman Ben Bernanke said inflation pressures are likely to moderate. The Dow Jones industrial average rose nearly 200 points. http://www.ibtimes.com/data/articleimgs/113958-trader.jpg http://www.ibtimes.com/articles/20080822/stocks-point-higher-ahead-bernanke-speech.htm http://www.ibtimes.com/articles/20080822/stocks-point-higher-ahead-bernanke-speech.htm Fri, 22 Aug 2008 18:23:56 EDT