| Freeport Indonesia cuts copper sales forecast due to El Nino | |
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JAKARTA, Sept 10 (Reuters) - Freeport-McMoRan has revised down its forecast for copper concentrate sales from its Indonesian unit, an official at the U.S. mining giant said, after milling operations were hurt by the El Nino dry weather pattern. Freeport, which runs one of the world's largest copper mines in Papua in eastern Indonesia, said a lack of water supply would cut its 2015 sales by 25 million pounds, or 3 percent, from its earlier sales estimate of 860 million pounds for the year. "During the third quarter, milling operations have been impacted by a reduction in process water available under current El Nino conditions," company spokesman Eric Kinneberg said in an email late on Wednesday. Indonesia is expected to face moderate El Nino conditions from July to November, affecting provinces from Sumatra to eastern Indonesia, although the weather pattern could strengthen from September to December. Exports from Freeport Indonesia's Grasberg mine complex in remote Papua have already been hindered this quarter by new payment rules for buyers and the closure of the company's domestic smelter. Freeport Indonesia usually produces about 220,000 tonnes of copper ore per day, which is then converted to copper concentrate. Kinneberg declined to provide daily output details for the mine. Union officials said last week that Freeport sent a letter to employees on Aug. 20 asking for greater efficiency and emphasizing the need for cost-saving. (Reporting by Michael Taylor; Editing by Tom Hogue)
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Freeport McMoRan Copper and Gold Inc.
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PRODUCTEUR |
CODE : FCX |
ISIN : US35671D8570 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Freeport McMoran est une société de production minière d'or et de cuivre basée aux Etats-Unis D'Amerique. Freeport McMoran est productrice d'or, de cuivre, d'argent, de cobalt et de molybdène au Chili, au Perou, en Indonesie et en Republique Democratique Du Congo, en développement de projets de cuivre au Perou, et détient divers projets d'exploration au Chili. Ses principaux projets en production sont CANDELARIA, EL ABRA, CHINO - MILL, HENDERSON, MIAMI - ROM LEACH, MORENCI - MILL, OJOS DEL SALADO, MORENCI et MORENCI - ROM LEACH au Chili, GRASBERG, SIERRITA et BAGDAD en Indonesie, TENKE FUNGURUME et TYRONE en Republique Democratique Du Congo et CERRO VERDE au Perou, son principal projet en développement est SAFFORD au Perou et ses principaux projets en exploration sont BAGDAD - ROM LEACH et CHINO - ROM LEACH au Perou et CERRO VERDE - MILL, CERRO VERDE - CRUSHED LEACH, CERRO VERDE - ROM LEACH, EL ABRA - ROM LEACH et CLIMAX au Chili. Freeport McMoran est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 71,8 milliards US$ (67,5 milliards €). La valeur de son action a atteint son plus bas niveau récent le 06 mars 2020 à 10,00 US$, et son plus haut niveau récent le 19 avril 2024 à 49,61 US$. Freeport McMoran possède 1 448 000 000 actions en circulation. |