Grasberg Mine

Freeport (NYSE:FCX) Fair Value Raised by Morningstar (Nasdaq:MORN)

Morningstar (Nasdaq:MORN) said they are raising their fair value estimate for Freeport-McMoRan (NYSE:FCX) by $4 a share on the soaring price of gold. “We are raising our fair value estimate for Freeport-McMoRan FCX by $4 per share to reflect the rapid appreciation we’ve seen in gold over the past few months. In contrast to our long-term price forecast for copper, which is informed by our view of

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Ivanhoe Mines (NYSE:IVN): Miner of the Future?

Ivanhoe Mines (NYSE:IVN) may have positioned themselves as one of the top mining companies of the future, as their stake in the copper-gold mining project Oyu Tolgoi in Mongolia, ensures them a place among the top mining companies at minimum, and potential to be among the largest. The extraordinary production numbers projected by the company through 2040, are an average of 540,000 tons of

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Freeport-McMoRan (NYSE:FCX) Selling Grasberg Mine Stake?

Freeport-McMoRan (NYSE:FCX) is in talks about the possibility of selling a stake in its Grasberg mine to Indonesia via its Papua province, or possibly investors from that area. Chief Executive Officer Richard Adkerson said on a conference call that “It could have some positive strategic benefits in terms of our relationship with the people there.” At this time Freeport owns a 90.64 percent

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