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Freeport Indonesia mine workers extend strike for fourth month

JAKARTA/ TORONTO, July 21- An estimated 5,000 workers at the giant Grasberg copper mine operated by Freeport-McMoRan Inc's Indonesian unit will extend their strike for a fourth month, a union official said on Friday, in an ongoing dispute over layoffs and employment terms. The escalating labor issue comes as Freeport, the world's largest publicly traded copper...

Source: Reuters

Maine's lobster business is booming despite record catches

As a results of some calculated bets, Maine's lobster business has seen a surge in demand.

Source: CNBC.com

Markets Right Now: US stock indexes end mixed

BlackRock fell 3.1 percent after a disappointing second-quarter report. Gold and copper producer Freeport-McMoRan rose 3.3 percent. More stocks rose than fell on the New York Stock Exchange.

Source: The Associated Press

METALS-Weaker dollar, drop in LME stocks lift copper prices

SYDNEY, July 12- Copper prices climbed in early trading in Asia on Wednesday amid a weaker U.S. dollar and signs that global supply was levelling off after rising sharply in June. *LME COPPER: Three-month copper on the LME was up 0.4 percent at $5,900 a tonne by 0147 GMT, building on overnight gains in the more active London sessions. *SHFE COPPER: The most-traded copper...

Source: Reuters

METALS-Copper rebounds as stock build-up halts, Chilean miners to strike

LONDON, July 11- Copper prices rose on Tuesday after a rapid build-up of inventories that has weighed on the market since late June halted and workers voted to strike at a mine in Chile, raising supply concerns. The market over-reacted to increases in inventory, "said ABN AMRO analyst Casper Burgering, adding car sales, construction and manufacturing output in...

Source: Reuters

METALS-Copper rises as stock build-up halts, Chile miners to strike

LONDON, July 11- Copper rose on Tuesday as a rapid build-up of inventories that has pushed prices lower since late June halted and workers voted to strike at a mine in Chile, raising supply concerns. The market over-reacted to increases in inventory, "said ABN AMRO analyst Casper Burgering, adding car sales, construction and manufacturing output in China remained...

Source: Reuters

METALS-Copper steadies as stock build-up halts, Chile miners strike

LONDON, July 11- Copper steadied on Tuesday as a rapid build-up of inventories that has pushed prices down since late June halted and workers voted to strike at a mine in Chile, raising supply concerns. The market overreacted to increases in inventory, "said ABN AMRO analyst Casper Burgering, adding car sales, construction and manufacturing output in China...

Source: Reuters

Indonesia seeks meeting with Freeport CEO to end copper mine dispute

JAKARTA/ SINGAPORE, July 11- Indonesia says it will invite the head of mining giant Freeport McMoRan Inc to Jakarta this month to try to settle a festering dispute over a new deal to operate the world's second-largest copper mine. Uncertainty over output from the mine buoyed international copper prices earlier in the year, with Indonesia a key supplier of the...

Source: Reuters

ClubCorp and Freeport-McMoran jump; Abercrombie tumbles

Abercrombie& Fitch Co., down $2.57 to $9.59. ClubCorp Holdings Inc., up $3.95 to $17.05. Hawaiian Telcom Holdco Inc., up $4.43 to $28.87.

Source: The Associated Press

Steamers out of steam? Beloved bivalves aren't happy clams

SCARBOROUGH, Maine— The soft-shell clams that are harvested by hand and raked from the mud flats of Maine are becoming less plentiful, and the downward trend jeopardizes one of New England' s oldest and most historic coastal industries. Maine is the soft-shell clam capital of the country. And clams are steeped in Maine lore, playing a role in Robert McCloskey's...

Source: The Associated Press