Freeport-McMoRan -- one of the cheapest companies in North America (Seite 94)

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Medien - Bergbaukonzern BHP Billiton vor Einkaufstour
Samstag, 19. September 2009, 12:36 Uhr

Sydney (Reuters) - Der weltgrößte Bergbaukonzern BHP Billiton will einem Medienbericht zufolge auf Einkaufstour gehen und nimmt dabei auch große Rivalen ins Visier.

Das Unternehmen wolle sich in bestimmten Bereichen wie Eisenerz, Kupfer oder Potasche verstärken, sagte BHPs Handelschef Alberto Calderon dem "Wall Street Journal". Dabei habe der Konzern bereits "vier oder fünf Gelegenheiten" im Bergbau und dem Energiebereich ausgemacht.

Für die Zukäufe will das australische Unternehmen demnach einen Teil seines Überschusses von 18 Milliarden Dollar nutzen. Davon seien zehn Milliarden Dollar für die Weiterentwicklung bereits bestehender Projekte oder neuer Anlagen vorgesehen, sagte Calderon. Zudem habe BHP Geld für Übernahmen zur Seite gelegt. Wie hoch diese Summe ist, sagte er nicht.

BHP Billiton hat zuletzt vergeblich versucht, seinen einheimischen Konkurrenten Rio Tinto zu übernehmen.

http://de.reuters.com/article/companiesNews/idDEBEE58I03D200…

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Molybdenum market tipped for tight supply

SÃO PAULO (Metal-Pages) 18-Sep-09.

Molybdenum alloys will be in tight supply for at least a year, Reading Alloys Technology Director James Robison told delegates at the International Titanium Association (ITA) Conference in Hawaii this week.
“The pace of economic recovery will determine the degree to which molybdenum supply meets demand,” Robison said.
“If the last few months are any indicator, molybdenum will be in tight supply for at least a year.”
With world molybdenum supply at 220000 tonnes in 2008, China cut exports by around 20000 tonnes, increasing imports by around 25000 tonnes, which should tighten supplies and increase values with no apparent effect, Robison said. This and the fact molybdenum values did not fall suggests there are a lot of molybdenum out there, he added.
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From 2003, molybdenum market saw continued and rapid price increases until mid-2005. After falling back prices continued climbing until the fourth quarter of last year, as demand outstripped supply.
By the middle of 2009, China's $ 586 billion stimulus package in response to the global economic downturn had kick-started the domestic steel industry, as the country reported 7.9% annualised growth.
It came against a background of steel industry growth in Europe and North American, but also more significantly in the BRICS countries (Brazil, Russia, India and China).
With growing demand in the BRICS countries from the automobile and domestic appliance sectors, the appetite increased for more sophisticated steels containing molybdenum and other elements, Robison said.
After a brief dip, Brazil, the sixth largest auto producer was back to producing vehicles at a rate of over 3 million a year and despite a sluggish economy, the North American steel industry had raised utilised capacity by 4% to 53%, Robison outlined.
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While Robison said there are a lot of “ifs” in forecasting molybdenum marketperformance, last week Douglas Horn of US consultancy CPM group told delegates at the International Molybdenum Association AGM in Kobe, Japan that demand will recover more quickly than supply and the market could return to a deficit in 2011.
CPM forecasts global demand in 2009 for molybdenum will show a 10% contraction (15% outside of China).
New production, however, will lag behind, as the capacity of the debt markets to finance new projects will be slow to recover, Horn said.
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In July, Freeport-McMoRan Copper & Gold said it will aim to double annual production at its Climax molybdenum mine to 60 million lbs, without setting a date for work to re-start at the site.
...

www.metal-pages.com/news/story/42171(Auszug)

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Canaccord Adams Maintains a 'Buy' on Freeport McMoRan (FCX), Raises EBITDA & Price Target

July 23, 2009 11:14 AM EDT
Canaccord Adams maintains a 'Buy' rating on Freeport McMoRan (NYSE: FCX), raises price target to C$65.00 from C$61.00.
Canaccord analyst says, "We expect Freeport to gradually increase copper and molybdenum production and sales guidance in line with the global economic recovery. The company announced the resumption of early debt repayment with its Q2 financials. We also expect the common dividend to be restored in the near future. EPS forecasts are US$3.28 and US$5.14...We have increased our 2009E and 2010E EBITDA forecasts to US$5.3 billion and US$6.3 billion, from US$5.0 billion and US$6.0 billion. Our new 2009E and 2010E adjusted diluted Action and valuation."

Freeport-McMoran Copper & Gold Inc. (FCX), through its wholly owned subsidiary, Phelps Dodge Corporation (Phelps Dodge) is a copper, gold and molybdenum mining company.

http://www.streetinsider.com/Analyst+Comments/Canaccord+Adam…

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http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=86…

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Dieser Beitrag wurde moderiert. Grund: auf eigenen Wunsch des Users

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Freeport aims to double Climax molybdenum output

SÃO PAULO (Metal-Pages) 23-Jul-09.Freeport-McMoRan Copper & Gold says it will aim to double annual production at its Climax molybdenum mine to 60 million lbs, without setting a date for work to re-start at the site.
Climax was originally expected to begin production next year, ramping up output to an annual rate of 30 million lbs.
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http://www.metal-pages.com/news/story/40987/

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Freeport-McMoRan ready to ramp up Colo. molybdenum mines when market recovers

By Associated Press
11:06 AM MDT, July 21, 2009

DENVER (AP) — The head of an Arizona mining company says future production at two Colorado molybdenum mines depends on a recovery in demand.

Freeport-McMoRan Copper and Gold CEO Richard Adkerson said Tuesday he's confident that demand will improve as the global economy recovers.

The Phoenix-based company cut production and laid off workers at the Henderson mine last year. It also delayed the restart of the Climax mine.

Adkerson says the Henderson mine could be ramped up fairly quickly. He says the company will resume construction at the Climax mine as demand picks up.

Molybdenum is used in strengthening steel.

http://www.2thedeuce.com/news/sns-ap-co--colomolybdenummines…

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Commodities : July 21, 2009
Metals & Mining [07-21-09 11:50 AM]
BNN chats with Eric Coffin, analyst, HRA Advisories
http://watch.bnn.ca/market-call-tonight/july-2009/market-cal…
(über Freeport ab Minute 2:00)

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Quartalsergebnis
http://www.marketwatch.com/story/freeport-mcmoran-posts-lowe…

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Tuesday 21 July 2009
Freeport targets 100 million lb of Cu, Co at Tenke in '09
http://www.metal-pages.com/news/story/40939/