COPPER

Freeport Indonesia, Strikers in 2-Year Wage Pact

Freeport McMoRan Copper & Gold Inc. and its Indonesian union signed a pay deal on Wednesday to end a three-month strike that had paralysed output at the world's second-biggest copper mine, a union official and the company said.

Futures Dip as Euro Slides

Stock index futures fell in light Wednesday trading, pressured by a decline in the euro and by rising Italian bond yields.

Stocks and Euro Fall After Fed Rejects New Stimulus

Asian shares drifted lower and the euro idled near an 11-month low on Wednesday after the Federal Reserve failed to take any new steps to stimulate growth and offset the chilling effects of Europe's still-unresolved sovereign debt crisis.

Freeport Indonesia workers to return to work Sat: union

Striking workers at Freeport Indonesia will return to work on Saturday after agreeing to a pay deal to end a three-month dispute that has paralyzed output at the world's second-biggest copper mine, a union official said on Wednesday.

End of Grasberg Strike Imminent - Report

Freeport McMoRan Copper & Gold Inc and its Indonesian workers' union expect to sign a pay deal on Tuesday to end a three-month strike that has crippled production at the world's second-biggest copper mine, two sources told Reuters.

Exclusive: Freeport Indonesia union to sign deal to end

Freeport McMoRan Copper & Gold Inc and its Indonesian workers' union expect to sign a pay deal on Tuesday to end a three-month strike that has crippled production at the world's second-biggest copper mine, two sources told Reuters.

Grasberg Union to Extend Strike to Jan. 15

An Indonesian workers' union plans to extend a three-month strike at Freeport McMoRan Copper & Gold's Grasberg mine until Jan. 15, union official Virgo Solossa told Reuters on Saturday.

Indophil Resources Eyes Manilla Listing

Australia-listed Indophil Resources, which holds a 37.5 percent stake in Southeast Asia's largest undeveloped copper-gold prospect, said on Monday it was considering also listing its shares in the Philippines, where a key shareholder is based.

Zambia's Mining Royalties Could be Cut

Zambia, which said last month its 2012 budget would hike mineral royalties, could cut back those rates if commodity prices collapse next year, the mines minister in Africa's top copper producer said on Friday.

Pages

IBTimes Logo

Asian Stocks Plunge on ECB Restraint

Asian stocks plunged Friday, following overnight declines on Wall Street, after the European Central Bank gave no indication of more government bond buying.
EDITOR'S PICK