Phelps Dodge Corporation

Base metals leave golds behind

U.S. stock markets were quiet during the report period Dec. 15-21, rising only slightly. The Dow Jones Industrial Average rose 82.98 points to 10,759.43.



Miners take a smackdown

U.S. stock markets were little-changed over the report period Dec. 1-7, but the mining stocks fell sharply. The S&P 500 index, representative of the broad market, was up 3.25 points to 1,177.07, but the XAU gold and silver index fell about 6% in t…



Golds sag despite rising bullion

U.S. stock markets finished little-changed over the report period Nov. 17-23 despite a selloff on Nov. 19 following comments by Federal Reserve chairman Alan Greenspan on how the U.S. current account deficit might depress the value of the greenbac…


Waste stripping and ore stockpiling has started in the Kansanshi open pit.

First Quantum powers up Kansanshi

Vancouver — Commissioning of First Quantum Minerals‘ (FM-T) 80%-owned Kansanshi copper-gold mine in Zambia has begun, following completion of an electrical grid.


Markets up, miners follow

A quarter-point move in U.S. interest rates didn’t dampen enthusiasm on Wall Street in the reporting period Nov. 10-16. The Dow Jones Industrial Average, at 10,487.65, and the S&P 500, at 1,175.43, were both about 1% higher after generally buoyant…


Vote sparks markets

A strong rally on the Thursday following the U.S. election took American equity markets higher during the reporting period Nov. 3-9, with the Dow Jones Industrial Average gaining 3.5% to finish at 10,386.37 and the S&P 500 index up 3% at 1,164.08.



Metals bounce back

Despite a tough weekend, U.S. equity markets were little-changed over the report period Oct. 20-26. The Dow Jones Industrial Average was off 9.14 points at 9,888.48 and the S&P 500 rose 7.86 points to 1,111.09.



Partners to expand Cerro Verde

The period ended Oct. 12 was another one of sideways chopping in the broad markets, with the Dow Jones Industrial Index falling 110.50 points to 10,077.18 and the S&P 500 index slipping 12.64 points to 1,121.84.


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