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Freeport McMoRan announced 30th November that it has partially restarted production at its Baywater copper semis plant in New Jersey. The facility, which was damaged during 'superstorm Sandy,' produces copper wire and tube products for the aerospace, transport and communications industries. A spokesperson for the company said "limited quantities of their primary products are being delivered" but the company said it is unclear when full production will resume.

"An eleventh-hour adjustment for copper will allow miners such as Freeport McMoRan Copper & Gold and Newmont Mining to continue shipments. The regulation will allow exports of copper concentrate above or equal to 15% metal content. About 66 companies that have plans to process domestically will be allowed to export as well, Jero Wacik, energy and mines minister, told local reporters in Indonesia. "

DENVER -- Freeport-McMoRan Copper & Gold Inc. said Wednesday it would suspend operations and lay off the bulk of its workers at a New Mexico mine, cut production estimates through 2010 and curb other costs as it struggles to cope with plummeting copper prices

Freeport-McMoRan Copper & Gold, Inc. (FCX) Wednesday reported a sharp year-over-year plunge in profit for the first quarter, as quarterly revenues more than halved, hurt by a sharp decline in demand for copper and related metals as well as lower copper prices.

In the 9th World Copper Conference, organised by CRU in Santiago, Chile, Freeport-McMoRan said that they are 'enormously enthusiastic' about copper's long-term outlook. However, in the short-run, the company waits to see that demand has recovered in most parts of the world, especially in the US market. Confidence will improve when consumers start spending and businesses start investing and employing people.

"The copper industry is already facing substitution challenges from materials like aluminium and needs to use technology to help ensure larger-scale, more permanent switches are not made, industry participants said. A group of panelists at the Metal Bulletin and American Metal Market Copper Seminar in New York on Wednesday June 6 said that while technology is clearly an opportunity for the industry, there are still some risks. According to Freeport McMoRan vp sales and marketing Steve Higgins, much of the "easy substitution" - such as plumbing tube or transformer lines - has already happened. "Substitution is less than 2% of refined demand today… It's a bit troubling, but it happens," he said. "The bigger worry is that aluminium is going to make inroads into products that have high switching costs - ACR tubing, motors, or into some medium to high voltage power cables and the like that the manufacturers have to go in and put in a lot of capital costs to convert. Once converted, switching back becomes "extraordinarily difficult," he said. "That's the biggest risk to our market as I..."

"Copper miner Freeport-McMoRan said it would look at cutting output, becoming the first leading producer to publicly consider action as prices collapse to a six-year low in the face of increasing supply. "

NEW YORK, July 22 (Reuters) - Freeport-McMoRan Copper & Gold Inc (FCX.N: Quote, Profile, Research, Stock Buzz) said on Tuesday second-quarter profit fell 14 percent as output of the two metals dropped at its massive Grasberg mine in Indonesia.

Global miner Freeport-McMoRan Copper & Gold (FCX.N) said on Saturday it is considering delaying an expansion project aimed at extending the life of its El Abra joint venture with Chile's Coldelco.

Freeport-McMoRan Copper & Gold Inc., the world's largest publicly traded copper producer, said it may defer projects to conserve cash amid plunging metal prices and a freeze in credit markets.

Freeport-McMoRan Copper & Gold Inc announced last week that full operations have now resumed at its Bayway facility in Elizabeth, New Jersey. The facility, which was damaged during "Hurricane Sandy," resumed partial production in early December. The plant manufactures tough pitch copper, oxygen-free copper wire and copper alloys for special applications.