This post was originally published on this site.Freeport-McMoRan (NYSE:FCX) beat Wall Street’s second-quarter profit estimates as soaring copper prices and stronger-than-expected copper sales offset lower production from its flagship Grasberg mine in Indonesia. The world’s largest publicly traded copper producer reported second-quarter net income of $984 million, while adjusted earnings came in at $0.74 per share for the three months ended June 30, ahead of analysts’ consensus estimate of $0.59, according to LSEG. Adjusted earnings excluded charges related to an idle facility and restoration costs at PT Freeport Indonesia. Shares rose 1.4% in premarket trading, but were trading almost 3%...

This post was originally published on this site.Sunrise Energy Metals (ASX:SRL) announced Thursday it is accelerating studies to assess an expansion of production capacity at its 100%-owned Syerston project in New South Wales.  The Australian scandium miner backed by Robert Friedland said the Syerston project “will be the world’s first source of primary mine supply for scandium end-users”.   In March, Sunrise completed a feasibility study, confirming a capital cost of $120 million and an average life-of-mine direct, site-level cash operating costs of $534 per kilogram of scandium oxide (Sc2O3).  Over an estimated 32-year operating life, the company said at the time, it could produce 60 tonnes of high-purity Sc2O3 on an annual basis. This would position the company to capture...