Freeport’s Q1 Copper Output Drops

Freeport-McMoRan reported consolidated sales of 809 million pounds (lb) of copper, 182,000 oz of gold and 24 million lb of molybdenum for first quarter 2017. The company’s sales volumes were impacted by regulatory restrictions on PT Freeport Indonesia's (PT-FI) concentrate exports since mid-January 2017. PT-FI operates the Grasberg mine and the restrictions resulted in the deferral of about 190 million lb of copper and 280,000 oz of gold in first-quarter 2017. PT-FI's concentrate exports resumed April 21, 2017.

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PCS: Rocanville Ramp-up Well Underway

PotashCorp of Saskatchewan (PCS) said that its potash portfolio optimization and cost reduction strategy, which includes the ramp-up of its low-cost Rocanville mine, contributed to its strong first-quarter results. “Potash market fundamentals continued to improve in the first quarter,” Jochen Tilk, president and CEO, said. “We expect improved consumption trends and nutrient affordability in key markets to support potash demand and our results through the remainder of 2017.”

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ERP Strategic Minerals Set to Acquire, Re-Open Mountain Pass

ERP Strategic Minerals was selected as the stalking horse bidder by the Chapter 11 trustee for Molycorp Minerals and entered into an asset purchase agreement with the trustee to purchase the assets and the surface property rights at the Mountain Pass rare earth minerals mine.

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ABB, IBM Partner for AI Solution in Plants

At the Hanover Fair this week in Germany, ABB announced that it would partner with IBM to bring together its industry-leading digital offering, ABB Ability, with IBM Watson's Internet of Things (IoT) cognitive capabilities.

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