(Bloomberg) -- Bank of America Corp.’s global mining head Omar Davis, one of the most senior bankers covering the sector, is retiring.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 BillionPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Plenty of Americans Are Drinking Bleach, Still for Sale on AmazonHong Kong to Give Away 500,000 Air Tickets to Revive TourismLondon-based Davis will remain with the Wal
The construction of U.S. mining giant Freeport McMoRan's Indonesian copper smelter, one of the biggest in the world, will be completed by the end of this year, an official at its Indonesian unit said on Thursday. Agung Laksamana, Freeport Indonesia's executive vice president of external affairs, said that "substantial" construction of the smelter would reach 100% completion by the end of 2023. Freeport's statement comes as President Joko Widodo reiterated this week that the country would stick to its plan to ban exports of copper ore to spur domestic processing of the material in June.
Copper said some “concerning behavior” had been detected, and that a “machine-generated alert had been triggered.”