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JAKARTA (The Jakarta Post/Asia News Network): Gold and copper mining giant PT Freeport Indonesia (PTFI) is set to raise US$3 billion from the issuance of US dollar-denominated senior notes to finance its copper smelter project development in Gresik, East Java. ....
[LME aluminum closed lower but posted its biggest quarterly increase since 1988] LME aluminum closed lower on Thursday, but recorded its biggest quarterly increase since 1988, due to supply disruptions and rising production costs due to escalating conflicts in Russia and Ukraine. LME aluminum for three-month delivery fell $60, or 1.69%, to $3491 a tonne at 17:00 London time (00:00 on April 1st). But it surged 24.3 per cent this quarter. ....
Freeport Indonesia Drops Copper Smelter Plans with Tsingshan steelguru.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from steelguru.com Daily Mail and Mail on Sunday newspapers.
2 Min Read JAKARTA (Reuters) -American mining giant Freeport McMoRan will not proceed with plans to build a new copper smelter with China’s Tsingshan Holding Group, its local Indonesian unit, PT Freeport Indonesia’s spokesman told Reuters on Thursday. Indonesian authorities have for months said that a deal would be made between Freeport Indonesia and the Chinese steel and nickel company to build a new copper smelter worth $2.8 billion. “(We) could not reach an agreement,” Freeport Indonesia’s spokesman Riza Pratama said. Instead, Freeport Indonesia will go ahead with plans to build a new smelter near its existing copper refining operations in Gresik, East Java. ....
Freeport Indonesia cancels Tsingshan copper smelter plans reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.