Freeport-McMoRan -- one of the cheapest companies in North America (Seite 84)

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COPPER
Indian import dependency in copper to rise to 90% by 2017

miningweekly.com, 25th October 2011
http://www.miningweekly.com/article/indian-import-dependency…

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ROHSTOFF DER WOCHE
Freeport McMoRan: Sorgen statt Milliarden
aktualisiert: 24.10.2011 15:21
http://www.finanzen.net/nachricht/rohstoffe/Rohstoff-der-Woc…


Hamburger Sparkasse AG (Haspa) stuft Freeport-McMoran Copper Inc auf kaufen
Autor: Aktiencheck Analysen | 25.10.2011, 13:49
http://www.wallstreet-online.de/nachricht/3524462-hamburger-…

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"Freeport's $33 billion market value is far below replacement value, or the value to a strategic buyer seeking decades of reserves. This year Barrick Gold (ABX) paid $7.5 billion to buy Australian copper miner Equinox Minerals, a price, says Credit Suisse, that would peg Freeport's copper resources at about $123 billion, or $129 a share—not including its gold or molybdenum."
http://online.barrons.com/article/SB500014240527487047667045…" target="_blank" rel="nofollow ugc noopener">
http://online.barrons.com/article/SB500014240527487047667045…

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Freeport-McMoRan rises on higher copper prices

Published: Monday, 24 Oct 2011 | 12:21 PM ET
http://www.cnbc.com/id/45018288


Turning Copper to Cash

SATURDAY, OCTOBER 22, 2011
http://online.barrons.com/article/SB500014240527487047667045…

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LONDON (Reuters)
"Copper's busy September"

Posted: Monday , 24 Oct 2011

The red metal fell almost 25% during September but sentiment seems to be picking up of late as politicians try to reach a solution to the debt crisis in Europe and China put out strong manufacturing data

http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=13…

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"On the other hand if the stock decides to break above resistance level at $37.35 then traders will get an opportunity to enter Freeport-McMoRan stock by establishing a position as the stock moves to a higher range."

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Freeport-McMoRan near Resistance

Published on Monday, 24 October 2011 05:40

Written by TradersHuddle Staff New York, October 24th

(TradersHuddle.com) - Shares of Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) are trading very close to calculated resistance at $37.35 with the current price action closing at just $36.77 placing the stock near levels that make it difficult to buy.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) is a copper, gold and molybdenum mining company. The company holds interests in various properties located in North and South America and holds interests in various properties around the world. Freeport McMoRan is the largest publicly traded copper producer in the world.

Freeport-McMoRan's current stock range is defined by current calculated support defined at $34.16 and by the resistance level at $37.35, the stock is clearly over-extended from support, making it difficult to establishing new long positions at this level.

Traders don't have a clear entry point for Freeport-McMoRan, as the stock is well above support, however, as the stock pulls back towards $34.16 it will definitely provide a reference point to establish a trade. On the other hand if the stock decides to break above resistance level at $37.35 then traders will get an opportunity to enter Freeport-McMoRan stock by establishing a position as the stock moves to a higher range.

http://www.tradershuddle.com/Trading-Ideas/32003910242011-fr…

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Freeport Peru concentrator plant halted-workers

Thu Oct 20, 2011 8:11pm GMT

* Company says concentrator stopped for routine maintenance

* Three week old labor strike slows mining operations

* Union says strike talks made no progress


By Caroline Stauffer and Patricia Velez

LIMA, Oct 20 (Reuters) - The concentrator plant at
Freeport-McMoRan's Cerro Verde copper mine in Peru
halted due to technical failure, two workers at the mine said
on Thursday, but the company said overall output was not much
affected.
Unionized workers at the mine that churns out 2 percent of
the world's copper have been on an indefinite pay strike since
Sept. 29. What were thought to be the final government-brokered
talks ended without an agreement on Thursday.
Cerro Verde has been operating with personnel who the
company says volunteered to work under strike conditions since
1,100 union members laid down their tools.
Two of these volunteer workers told Reuters the
concentrator plant, capable of processing 120,000 tonnes per
day, had been paralyzed since Wednesday and would take three or
four days to repair.
"There has been a problem with the primary crusher, some
parts broke down, it's been stopped for 60 hours," said a
worker at the plant who declined to be name as he was not
authorized to speak with the press.
But Freeport-McMoRan said the mine's concentrator and leach
pad have been operating at near capacity levels. Output has
therefore not been "materially impacted," since the strike
began, spokesman Eric Kinneberg said in an e-mail.
"The (concentrator) downtime is associated with routine
maintenance and unrelated to the strike activities," he said.
Kinneberg said Cerro Verde has been mining at two
thirds its normal daily rate of 200,000 tonnes per day due to
the strike. It produced 312,336 tonnes of copper in 2010.
The mine is currently operating with 600 workers, whereas
it normally employs 2,000 people. Analysts predict Cerro
Verde's output will slow in the fourth quarter of this year.
Peru's government declared the strike legal, enabling the
government to settle the wage dispute. Peru has also ordered
Cerro Verde to pay a fine for continuing to operate during a
legal strike.
The Cerro Verde union launched a hunger strike on Monday,
hoping to pressure the government to step in and resolve the
dispute. Members said Thursday's talks yielded no progress.
"The meeting lasted 15 minutes. The company has had the
same position forever," union leader William Camacho said..


http://af.reuters.com/article/metalsNews/idAFN1E79J1LN201110…

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Goldman Sachs Group Inc. stuft Freeport-McMoran Copper Inc auf buy

Autor: Aktiencheck Analysen | 21.10.2011, 11:55

New York (aktiencheck.de AG) - Sal Tharani, Analyst von Goldman Sachs, stuft die Aktie von Freeport McMoRan Copper & Gold (ISIN US35671D8570/ WKN 896476) unverändert mit "buy" ein.

Im Zuge einer Kürzung der Gewinnerwartungen für 2011 bis 2013 sei das Kursziel von 54,00 auf 46,00 USD zurückgesetzt worden. Das Unternehmen werde von niedrigeren Kupferpreisen in Mitleidenschaft gezogen.

Investoren sollten etwaige Kursschwächen aber als attraktive Einstiegsgelegenheit nutzen.

Vor diesem Hintergrund bleiben die Analysten von Goldman Sachs bei ihrer Kaufempfehlung für die Aktie von Freeport McMoRan Copper & Gold. (Analyse vom 20.10.11) (21.10.2011/ac/a/a)


http://www.wallstreet-online.de/nachricht/3517380-goldman-sa…

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UBS AG stuft Freeport-McMoran Copper Inc auf buy

Autor: Aktiencheck Analysen | 21.10.2011, 10:16

Zürich (aktiencheck.de AG) - Brian McArthur, Analyst von UBS, stuft die Aktie von Freeport-McMoRan (ISIN US35671D8570/ WKN 896476) unverändert mit "buy" ein. Das Kursziel werde von 56 USD auf 52 USD gesenkt. (Analyse vom 20.10.2011) (21.10.2011/ac/a/a)

http://www.wallstreet-online.de/nachricht/3517110-ubs-ag-stu…