Freeport McMoRan - Kupfer und Gold Player - 500 Beiträge pro Seite

[realtoaster]

moin moin

freeport mcmoran (fcx) steht jetzt unmittelbar vor dem aktiensplit.

nach der dividendenzahlung am 01.02. folgt einen tag später die teilung.

ständig aktuelle meldungen gibt es auch von zertol im Thread: Freeport-McMoRan -- one of the cheapest companies in North America

[realtoaster]

moinsen

der heftige kursrückgang und der split im februar laden den neueinsteiger förmlich zum kaufen ein.

...ein muss für dividendenjäger. der kurs sollte im februar bei unter 40 € liegen, die quartalsdividende liegt dann bei $ 0,25 (aktuell $ 0,50)

ich sage euch, kupfer wird wiederkommen. ...und gold sowieso.

[Popeye82]

Antwort auf Beitrag Nr.: 40.948.421 von realtoaster am 29.01.11 15:43:03

Jep, die Kupferpreis-Krise ist schon hart &heftig :



Gruß
P.

[realtoaster]

Antwort auf Beitrag Nr.: 40.950.411 von Popeye82 am 30.01.11 16:50:42

moinsen

ja nee, ich meinte nicht die rohstoffpreise, sondern die einbrüche der minen kurse wie bei freeport oder randgold

[DOMINOS]

Antwort auf Beitrag Nr.: 40.948.393 von realtoaster am 29.01.11 15:24:56

Kann mir einer erklären welche Gruende vorliegen fuer den Abfall von heute ? nahe -50 %

[realtoaster]

Zitat von DOMINOS: Kann mir einer erklären welche Gruende vorliegen fuer den Abfall von heute ? nahe -50 %

das nennt man aktiensplit. doppelte menge im depot zum halben preis.

[realtoaster]

moin

ein beitrag (übersetzt) aus "SmarTrend"

Freeport-McMoRan hat die niedrigste EPS-Wachstum in der Diversified Metals & Mining Industry (FCX ACO, GSM, SCCO, WLT)
Geschrieben amDi, 02/08/2011-4: 29 morgensVon David Diaz

Freeport McMoRan sind unter die unteren 5 Unternehmen der Diversified Metals & Mining Inc. Platz durch das Year-Over-Jahr erwarteten EPS-Wachstum. Die langfristige Wachstumsrate ist die erwarteten jährlichen Anstieg des operativen EPS in den nächsten drei bis fünf Jahren.
Freeport-McMoRan (FCX) EPS erwartet wird 18,6 % Year-Over-Jahr, besser als das Unternehmen langfristige Wachstumsrate von 7 %. Auf der Grundlage der forward KGV von 9,7 x ist seine PEG-Verhältnis 1.39, das bedeutet eine Premium-Bewertung für Wachstum gegeben.

[realtoaster]

moin

ein beitrag (übersetzt) aus finanznachrichten.de

24.02.2011 14:53
Freeport-McMoRan Copper & Gold Inc. kündigt Erlösung von seinen 8,25 % Senior Noten durch 2015

Freeport-McMoRan Copper & Gold Inc.. (NYSE: FCX) gab heute bekannt, dass es, eine Benachrichtigung ausgestellt hat an alle seine herausragende 8,25 % Senior Notizen wegen 2015 ("Notes") am Mittwoch, 1 April 2011 einlösen. Rund 1,1 Mrd. Dollar Gesamtnennbetrag von Notizen ist derzeit hervorragend.

Inhaber des Datensatzes erhalten 104.125 Prozent der Hauptschuld mit aufgelaufenen und unbezahlte Zinsen ab Oktober 1, 2010 auf dem Rückzahlungsdatum. Die Notizen verzinst 8,25 % pro Jahr. Die jährliche Kosteneinsparungen von Interesse würde rund 90 Millionen Dollar pro Jahr durchschnittlich. FCX erwartet eine ungefähre $49 Mio. kostenlos zum Konzernergebnis im zweiten Quartal 2011 im Zusammenhang mit der Erlösung. Die Bank of New York Mellon Trust Company, n.a., als Treuhänder, hat der Inhaber der eingetragenen Hinweis schriftlich über die Begriffe der Erlösung verteilt.

Am 31 Dezember 2010 FCX hatte von 4,8 Milliarden US-Dollar in Gesamtverschuldung und konsolidierte Cash von 3,7 Milliarden Dollar. Im Anschluss an die Erlösung der Noten würde FCX's Gesamtverschuldung 3,7 Milliarden Dollar ungefähr.

FCX ist ein führender internationaler Bergbau-Unternehmen mit Sitz in Phoenix, Arizona. FCX betreibt große, langlebige, geographisch verschiedenen Vermögenswerte mit erheblichen nachgewiesene und wahrscheinliche Reserven von Gold, Kupfer und Molybdän. FCX hat eine dynamische Portfolio der operativen, Expansion und Wachstum Projekte in die Kupfer-Industrie und ist der weltweit größte Hersteller von Molybdän.

Portfolio von Vermögenswerten des Unternehmens umfasst die Grasberg Mining Complex, der weltweit größte Kupfer und Gold Mine hinsichtlich der erzielbare Reserven, bedeutende Bergbau in Amerika, darunter die groß angelegte Morenci Safford Mineralien Bezirke und in Nordamerika und der Cerro Verde und El Abra-Operationen in Südamerika und Umkreis Mineralien Tenke Fungurume in der Demokratischen Republik Kongo. Weitere Informationen über FCX steht auf FCX's-Website unter www.fcx.com zur Verfügung.

...original in english

[realtoaster]

moin

Freeport-McMoRan: In the Mining Sweet Spot
von Mike Maher


das läßt auf erhöhte ausschüttungen hoffen, wenn die metallpreise weiterhin so hoch bleiben und danach sieht es in 2011 aus.

da werde ich noch was nachschießen.

[realtoaster]

moin

lundin (toronto) ein übernahme kandidat ?

[realtoaster]

moin

erdrutsch vom wochenende in der grasberg-mine in papua, Indonesien, hat keine negativen auswirkungen.

"Boden Fehler aufgetreten bei Hannekam Tunnel am 5. März. Der Tunnel gegenwärtig geschlossen ist, während Arbeit abgeschlossen ist, um den Fehler zu beheben,", sagte Sprecher PT Freeport Indonesia Sprecher Ramdani Sirait in einer per e-Mail-Anweisung.

"Dieser Vorfall ist aufgetreten PT Freeport Indonesia's Mining Außenbereich und der Produktion wird normal," fügte er hinzu.

Freeport erwartet, 1,0 Mrd. Pfund Kupfer und 1,3 Millionen Unzen Gold für dieses Jahr nach unten aus dem 2010-Verkauf von 1,2 Milliarden Pfund Kupfer und 1,8 Millionen Unzen Gold, verkaufen, wie die Indonesien-Einheit wird voraussichtlich niedrigere Grade Erz in der Grube Grasberg-mine

[realtoaster]

moin

lundin übernahme, ja oder nein? unrentabel wenn der preis zu hoch ist.

Lundin Mining May Be Calling Freeport-McMoRan

...zum forbes artikel

[explorgaby]

Freeport sollte man als Kupferplay im Depot haben. Die machen neben Produktion auch sehr viel Grasroots. Canaccord hält sie reif für den nächsten Anstieg.

[realtoaster]

moin

das liest man doch gerne

21.04.2011 Bergbaukonzern Freeport-McMoRan zahlt Bonusdividende

Der amerikanische Bergbaukonzern Freeport-McMoRan (ISIN: US35671D8570, NYSE: FCX) wird eine Bonusdividende in Höhe von 0,50 Euro an die Investoren ausschütten. Die Auszahlung an die Aktionäre erfolgt am 1. Juni 2011.

Das Rohstoffunternehmen schüttet derzeit eine reguläre Quartalsdividende von 0,25 US-Dollar je Aktie aus. Somit werden 1,00 US-Dollar auf das Jahr hochgerechnet bezahlt. Beim derzeitigen Börsenkurs von 53,30 US-Dollar liegt die aktuelle Dividendenrendite damt bei 1,87 Prozent.

Freeport-McMoRan hatte erst im Oktober des letzten Jahres die Dividende um 67 Prozent angehoben. Der Konzern aus Arizona ist der größte börsennotierte Kupferkonzern weltweit. 2010 wurden rund 1,74 Millionen Tonnen Kupfer produziert. Damit ist Freeport-McMoRan nach der staatlichen chilenischen Codelco der zweitgrößte Kupferproduzent der Erde.

Redaktion - MyDividends.de

[realtoaster]

moin

The Set-Up for the Next Buying Opportunity

...beitrag lesen

[realtoaster]

moin

goldman sachs bekräftigt kursziel von $ 64

...zum artikel

[Videomart]

Macquarie's Ausblick für Kupfer

aus:
Macquarie Commodities Compendium
17 May 2011


Copper

The market is tightening up and deficit will bite in 2H11, 2012

From current spot prices, our most bullish call in base metals is copper, notwithstanding ourshort term copper sell call we put in place on March 7th and re-iterated on April 12th this year.After a period of scrap and consumer de-stocking and weak Chinese semi's output (highprices and tight credit), the fundamentals in the copper market are starting to turn and we seethis continuing for the remainder of 2011 and into 2012. In particular, May has seen scrap discounts narrow, TCs fall, SHFE stocks falling sharply, LME stocks start to decline, Chinese physical premiums rise, the Chinese forward curvemove into backwardation, the Chinese import arbitrage go from negative to slightly positive,and semi's output show signs of improving in China. Ex-China continues to recover, with consumption less than 10% below the level it was in 2007/1H08 before the financial crisis. We expect that a 350-400,000t deficit in 2011 will see total global copper inventories in terms of weeks of consumption fall to low levels (similar to those seen in the last boom period), and we continue to forecast a 200,000t deficit in 2012. While our base case is that very strong mine supply growth on a two-three year view will move the market into small surplus in 2013/14, inventories are not expected to rise much above critically low levels (about three weeks of consumption) and as such, prices are forecast to remain >US$3/lb over the period.


Our bullish 3-18 month copper view rests on three pillars:

Chinese copper semi's output will „normalise". By semi's normalising, we mean,semi's output recovering from the relatively low levels seen in Jan/Feb/Mar 2011, to a level which gives 7% YoY growth for full year 2011. On this basis Chinese consumption of copper units (refined and scrap) should rise by around 10% from March levels through the remainder of 2011 (normally consumption is strongest in May/June but this may be delayed in 2011 owing to a temporary squeeze on semi-fabricators owing to tight credit and high prices). That global consumer de-stocking will slow /end, with upside from potential re-stock. Consumer stocks are very difficult to get data on. However, we do have significant anecdotal information to suggest that Chinese consumers have de-stocked from 10-14 days of stocks in mid 2009 to 2-3 days in 2H10 (voluntary de-stocking owing to higher prices), and practically nothing recently (hand to mouth stock level sowing to involuntary de-stocking following the tightening in credit conditions in 1Q11). Outside of China ,various anecdotes point to consumers consolidating their supply chains and reducing stocks, firstly in late 2008/09 (in line with lower demand) and then de-stocking further over the past six months (owing to higher prices and tight credit). On the one hand this consumer de-stocking has resulted in rising visible stocks (stockshifting, exaggerating the apparent global surplus in recent months), and on the other hand this de-stocking has reduced refined demand. As global de-stocking is largely thought to have finished, consumer consumption of refined copper should rise significantly over the coming months. To the extent Chinese consumers are underutilised owing to tight credit; they could raise output and restock at the same time over the coming six months, which would be particularly bullish.

The bull market is on, with 2011 and 2012 likely to be the peak years.


That global scrap de-stocking will slow / end.

The increase in scrap availability evidenced by a sharp widening in scrap discounts globally which began in Sept/Oct2010 and evidenced by the increased use of scrap by Chinese smelters and refiners through 2H10 is reportedly nearing an end. At the CESCO conference, we spoke withscrap market participants and heard that scrap de-stocking was well advanced in Europe, and to a lesser extent scrap de-stocking had taken place in the US. In line with this we have seen a significant narrowing of scrap discounts across the globe (particularly in China), as per Figure 11. In addition there are medium term supply risks such as unexpected weather issues (another La Nina in 2012 for example affected Chilean output from the SIC grid) or political issues (which could affect DRC output or Humala potentially winning the Peruvian election in June and nationalisation impacting future Peruvian copper supply growth). So far in 2011 we have used up over half of our 720,000t disruption allowance, and we are less than half way through the year. Although we cannot be certain, we continue to think it is more likely than not that the BlackRock (US$1bn) and JP Morgan (US$0.5bn) physically backed copper ETFs will be approved and will absorb at least the initial 150,000t of copper. In Fig 9, we show the impacton global stocks in terms of weeks of consumption if 150,000t of copper is “taken” from the market as at end-2011 and 200,000t as at end-2012.


http://www.scribd.com/doc/55676517/5/No-stopping-the-supply-…

[realtoaster]

moin

presentation vom 22. juni 2011

bei dem aktuellen kurs, bau ich meine position weiter aus.

[realtoaster]

moin

Freeport-McMoRan Copper & Gold erklärte vergangene Woche eine Bardividende von 0,25 USD je Stammaktie. Zahlbar ist die Dividende am 1. August 2011 an alle Aktionäre per 15. Juli 2011.

...zur meldung

[realtoaster]

moin

ich habs mal übersetzen lassen.

PHOENIX (Dpa-AFX) - Freeport-McMoRan Copper & Gold Inc. (FCX) berichtete, dass seine Q2 Nettoergebnis Stammaktien 1,37 Milliarden $ oder $1,43 je Aktie, bis 649 Millionen US-Dollar oder $0,70 je Aktie im Jahr vor Quartal.


Von Thomson Reuters befragte Analysten erwartet das Unternehmen zum Bericht Ergebnis von $1.37 je Aktie für das Quartal. Schätzungen der Analysten schließen in der Regel Sondereinflüssen.


Im Quartal stieg der Umsatz auf 5.814 Mrd. $ von $3.864 Milliarden im Vorjahr Quartal. Acht Analysten hatten Konsens Einnahmen Schätzung von $5.76 Milliarden für das Quartal.


James Moffett, Vorsitzender des Board, und Richard Adkerson, President und Chief Executive Officer, sagte: "unsere Q2-Ergebnisse spiegeln starke betriebliche Leistung und günstige Preise für unsere Produkte."


Der Konzern-Umsatz aus Minen für das Jahr 2011 werden voraussichtlich 3,9 Milliarden Pfund Kupfer, 1,6 Millionen Unzen Gold und 77 Millionen Pfund von Molybdän, einschließlich 940 Millionen Pfund Kupfer, 415 tausend Unzen Gold und 18 Millionen Pfund von Molybdän für dritten Quartal 2011 anzunähern.

...quelle

[realtoaster]

moin

freeport erhöht den kupferausstoß um 45% ...quelle: forbes

[realtoaster]

moin

das soll keine auswirkungen haben ??

Streiks bei Freeport McMoran in Peru und Indonesien - Kupferlieferungen eingestellt
(shareribs.com) New York 15.09.11 - Der US Gold- und Kupferproduzent Freeport McMoran Cooper & Gold prüft derzeit die Auswirkungen der angelaufenen Streiks in Peru und Indonesien auf die Rohstoffproduktion.

Das Unternehmen und die Minengewerkschaften konnten sich nicht über Lohnerhöhungen einigen, so dass in Indonesien nun für möglicherweise vier Wochen die größte Goldmine und eine der wichtigsten Kupferminen der Welt bestreikt wird. Wie Freeport McMoran mitteilte, seien 70 Prozent der Arbeiter in Indonesien heute nicht zur Arbeit erschienen, insgesamt sollen mehr als 10.000 Beschäftigte streiken. Eine Unternehmenssprecherin bedauerte den Streik und bezeichnete die Aktion als illegal.

Erst im Juli kam es zu einem Streik in der Grasberg-Mine, der acht Tage dauert. Jetzt streiken die Kumpel für Lohnerhöhungen auf 17,50 bis 43,00 USD/Stunde, derzeit werden nur 1,50 bis 3,00 USD/Stunde gezahlt, womit die Löhne in Indonesien nur 10 Prozent des globalen Niveaus bei Freeport McMoran entsprechen, wie die Gewerkschaft vor Kurzem mitteilte.

Auch in Peru wird eine Mine des Unternehmens bestreikt, allerdings soll der Streik hier nur 48 Stunden dauern.

Analysten gehen davon aus, dass ein vierwöchiger Streik in der Grasberg-Mine, basierend auf den Produktionsdaten von 2010, rund 45.000 Tonnen Minderproduktion bedeuten könnte. Dies dürfte langfristig nur wenig Auswirkungen auf den Kupferpreis haben, so ein Analyst von Barclays Capital.

Die Angebotssorgen und die gute Stimmung an den Aktienmärkten lassen heute die Preise für Kupfer klettern. Die Tonne steigt in London derzeit um 1,2 Prozent auf 8.722 USD.

Quelle: shareribs.com, Autor: (cs)

[realtoaster]

moin

hier bin ich und hier bleibe ich.
ja, der kurs ist ziemlich im keller aber das will ich aussitzen, warum ? weil ich nicht der einzige bin der an diesen wert glaubt.

beitrag auf seeking alpha ...dem schließ ich mich an.

[gtschind]

Antwort auf Beitrag Nr.: 42.113.024 von realtoaster am 20.09.11 21:22:05

Bin und Bleibe Auch dabei!!!

[realtoaster]

moin

Freeport-McMoRan Copper & Gold Inc. Declares Quarterly Cash Dividend on Common Stock
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) today declared a cash dividend of $0.25 per share payable on November 1, 2011 to holders of record as of October 15, 2011 for its common stock.

[Videomart]

Credit Suisse Group stuft Freeport-McMoran Copper Inc auf outperform

Autor: Aktiencheck Analysen | 05.10.2011, 12:01

Rating-Update:

Zürich (aktiencheck.de AG) - Richard Garchitorena, Analyst der Credit Suisse, stuft die Aktie von Freeport McMoRan Copper & Gold (ISIN US35671D8570/ WKN 896476) unverändert mit "outperform" ein. Das Kursziel werde bei 55,00 USD gesehen. (Analyse vom 04.10.11) (05.10.2011/ac/a/u)

http://www.wallstreet-online.de/nachricht/3486145-credit-sui…

[Videomart]

Am Freitag wurden nachbörslich noch 11,6 Mio Shares gehandelt!
Das Tagesvolumen war das bisher höchste in diesem Jahr:



http://bigcharts.marketwatch.com/quickchart/quickchart.asp?s…

[Videomart]

Gestern wurden nachbörslich noch 11,6 Mio Shares gehandelt!
Das Tagesvolumen war das bisher höchste in diesem Jahr:



http://bigcharts.marketwatch.com/quickchart/quickchart.asp?s…

[Videomart]

Feature | SATURDAY, OCTOBER 22, 2011

Turning Copper to Cash

By LESLIE P. NORTON | MORE ARTICLES BY AUTHOR

Freeport-McMoRan Copper & Gold trades for far less than the value of its mining assets. The company could be a major beneficiary of the red metal's rebound—or a takeover offer.

A gleaming buying opportunity is emerging in shares of the world's largest publicly traded copper miner, Freeport-McMoRan Copper & Gold. The shares (ticker: FCX) are down 40% this year, to a recent $35, amid bitter labor disputes, collapsing copper prices, flagging global demand and concerns that another financial crisis is looming. One key to copper's comeuppance is the decelerating economy of China, the world's largest buyer of the red metal. Taken together, these negatives have confused the outlook for copper prices—and for Freeport's earnings.

Analysts currently expect Phoenix-based Freeport to earn $5 billion this year, or $5.29 a share, on revenue of $22 billion, versus earnings of $4.3 billion, or $4.65 a share, on revenue of $19 billion in 2010. Shares fetch just 6.6 times 2011 estimates, versus an average price/earnings multiple of 12 in the past decade, and three times earnings before interest, taxes, depreciation and amortization, about half the historic range. "In a double-digit recession, if copper were to go to $1.50 a pound, I see the stock at $20 to $25," says Douglas Chudy, a value investor who follows Freeport for New York money manager Dalton Greiner Hartman Maher.

But for a host of reasons, Chudy doesn't see a recession or $1.50 copper—a price not far from the metal's 2008 nadir. Instead, he says, "copper fundamentals should remain solid for the next few years. I don't think 2011 will prove to be the peak in earnings. If copper gets back to $4, this is a $75 stock in the next couple of years."

Stephen Leeb, another New York money manager and author of Red Alert: How China's Growing Prosperity Threatens the American Way of Life, adds that investors "should view copper and Freeport as aggressive long-term buys." Others on Wall Street could be coming around to that view, as shares held steady late last week, even as copper prices skidded.

More than three-fourths of Freeport's revenue comes from copper, which has fallen to a recent $3.21 a pound from a February high of $4.66. Another tenth derives from gold, and the rest from molybdenum (a mineral that strengthens stainless steel), cobalt, silver and other metals. The company has 120 billion pounds of proven copper reserves, and around 100 billion pounds of other minerals, including gold.

Freeport reported last week that third-quarter earnings fell 11%, to $1.10 a share, because of disruptions at its giant Grasberg mine in Indonesia. Next year the company is expected to earn $4.9 billion, or $5.18 a share, assuming copper prices stay at current levels, which are below the $3.60 a pound that Freeport realized in the third quarter. Broadly, every 10-cent change in copper prices affects Freeport's earnings by 25 cents a share, although sensitivity can change based on production levels and the amount of byproducts mined.

FREEPORT, WHICH PRODUCES FOUR billion pounds of copper a year, says it will lose 100 million pounds of copper output and 100,000 ounces of gold production this year as a result of the strikes. At Grasberg, strikers have been killed and injured in confrontations with the police; they are seeking an eightfold increase in wages. Workers also walked off the job last month at Cerro Verde, Peru's third-largest copper mine, which is majority-owned by Freeport. Company executives declined to comment.

These are sensitive and problematic issues. Yet speaking during the company's most recent earnings conference call, Freeport CEO Richard Adkerson noted that Grasberg is operating at "roughly two-thirds of normal rates," and that the company is mining higher-grade areas to compensate. Capacity utilization was higher in the period than analysts expected, while net extraction costs for Freeport, the lowest-cost copper miner in the world, stayed at a modest 80 cents, owing to high gold prices. Jorge Beristain of Deutsche Bank assumes that each 10% increase in wages at Grasberg would reduce earnings per share by three pennies.

CHINA'S COPPER INVENTORIES, a critical factor in the market, were larger than expected at the end of 2010. In this year's first half, China was thought to have been destocking, but today there are signs it is back in the market. London Metal Exchange warehouses are said to be making major copper deliveries, while the price of physical copper in China is rising.

Long term, copper is becoming scarcer, given more demand from emerging markets and few new big sources of supply. "At prices much below $3 a pound and oil above $80"—which makes mining more expensive—"it is not clear that meaningful additional supplies of copper can be brought to the market, barring a technological miracle," says Leeb. "A resumption of even modest worldwide growth without major technological innovations will imply copper prices dramatically higher than fairly recent all-time highs."

Freeport will be a major beneficiary. The company is far healthier than in 2008, when it had $6.5 billion of net debt stemming from its 2007 acquisition of Phelps Dodge. It since has reduced debt and instead is sitting on $1.6 billion of net cash. With copper at $3.25 a pound, the company would have annual operating cash flow of $7 billion—sufficient to cover its capital-spending needs, taxes and $1 billion of annual dividends.

Freeport plans to boost supply sharply, adding a billion pounds of copper production by 2016 by expanding its mines in Morenci, Ariz., and elsewhere in the U.S., and at Cerro Verde and Tenke Fungurume in Congo. Last week it said it would boost capital spending by $1 billion, to $3.7 billion next year.

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.

Such calculations could present a golden opportunity for mining giants with lots of cash, such as Rio Tinto (RIO), BHP Billiton (BHP), or Brazil's Vale (VALE). Sometimes it's cheaper to mine for copper on Wall Street.

http://online.barrons.com/article/SB500014240527487047667045…

[realtoaster]

Antwort auf Beitrag Nr.: 42.252.460 von Videomart am 24.10.11 23:21:02

hmm, da wird wohl im dezember keine sonderdividende drin sein. ...schade.
sollten die kurse fallen, ist das für mich ein kaufgrund.

[realtoaster]

hmhmhmm

die hoffnung stirbt zuletzt. ich dachte vielleicht kündigen sie heute ja doch eine sonderdividende an. ...nix in sicht... ...

[realtoaster]

moin

morgen werden die bergleute in grasberg die arbeit (nach 3 monaten streik) wieder aufnehmen. die löhne werden im ersten jahr um 24% und im zweiten um 13% angehoben.

UPDATE 6-Freeport signs deal to end Indonesia copper mine strike

Wed Dec 14, 2011 9:26am EST

* Deal for 37 percent pay rise over 2 yrs, extra benefits

* Union says workers to return to work on Saturday

* Mine holds largest gold reserves, produces silver

* Freeport: limited shipments till full operations in 2012

* Freeport cuts Q4 sales targets for gold, copper

(Adds lower sales forecast from Freeport)

By Olivia Rondonuwu

JAKARTA, Dec 14 (Reuters) - Freeport McMoRan Copper & Gold Inc expects full operations at its Indonesia mine to resume by early 2012 after reaching a pay deal on Wednesday to end a three-month strike that paralysed output at the world's second-biggest copper deposit.

The deal, which includes a pay rise of 37 percent over two years for workers, ends Indonesia's longest-running industrial dispute and was achieved as pressure grew to find an agreement before Christmas.

Freeport said it had begun ramping up milling operations at the remote Grasberg mine, which also holds the world's largest gold reserves and produces silver, although shipments would be limited this month.

"Workers will begin reporting to their positions in the coming days," Freeport Indonesia said in a statement. "Shipments of concentrate are expected to be limited until full operations are restored, which is expected by early 2012."

The strike harmed Freeport's total production, and fourth-quarter copper sales are now expected to be 800 million pounds, down from a previous target of 915 million.

For gold, Freeport now expects to sell 105,000 ounces of the precious metal in the fourth quarter, down from a previous forecast of 305,000 ounces.

Freeport and the union said wages would be lifted 24 percent in the first year and 13 percent in the second. Freeport said "mutually acceptable terms" had been reached.

However, comments by union spokesman Juli Parorrongan suggested the U.S. miner might still face further disputes.

"This is the first page of the struggle, and not the end," Parorrongan said after the deal.

Indonesia has been hit by several other strikes in sectors as diverse as telecoms and retail since the Freeport strike started in mid-September, signs of growing unrest over rising costs and a sense that financial success in Southeast Asia's largest economy is not being shared by all.

Freeport's CEO Richard Adkerson, who has been in Jakarta in recent weeks to help negotiate the deal, declined to comment. The agreement was signed by the CEO of Freeport's local unit, Armando Mahler, and the head of the union, Sudiro.

The company has said it was losing 2 million pounds of copper and 3,000 ounces of gold in daily production. The firm's stock has lost nearly 10 percent since the strike started, amid global market volatility.

The strike action has helped support copper prices, which have been pushed lower on worries about weak global demand, so a resumption in output could undermine prices. Benchmark copper in London extended losses after news of the Freeport deal to trade down 2.6 percent by 1334 GMT on Wednesday.

The strike in Papua, eastern Indonesia, has been running since mid-September and the firm declared force majeure on its exports from Grasberg in October, freeing it from contractual obligations.

The firm's operations have been crippled by attacks on pipelines, employees and blockades by workers and spear-wielding tribesmen that have cut off its food and fuel supplies in a remote region with few roads.

The striking workers will return to work and lift road blocks on Saturday, the union said, after a deal that also gave them extra benefits such as allowances for housing, education and pensions.

"The firm has asked us to mobilise workers back to work on Dec. 17 and we have agreed as part of the pay deal," union field coordinator Hengki Binur said.

Even after workers return, it is likely to take some days to ramp up production, and longer to resume shipments. The firm needs to repair a sabotaged pipeline that takes metal concentrate from the mine to its port, although Freeport said in its statement those repairs were "substantially complete."

The union initially pushed for a pay rise to as much as $200 an hour, versus current pay of $2-$3 an hour, after finding out that other Freeport workers around the world earned 10 times as much as their workers and as it eyed a rally in gold prices to record highs this year.

It steadily dropped its demands in recent weeks to around $7.50 an hour, a level still deemed "excessive" by Adkerson.

"I hope that with this strike, the company will treat us more as equals in operating their business cycle," said union spokesman Parorrongan.

Freeport said future wage negotiations would be based on living costs and the competitiveness of wages within Indonesia.

The current pay agreement is closer to the 35 percent rise offered by the company in recent weeks. The total extra cost to the company was not clear.

Freeport Indonesia, part owned by the Indonesian government, has 23,000 workers at its Grasberg operations. Many are Christians and have been worried they would not be able to celebrate Christmas since they are not getting paid during the strike, leading to a greater push for an agreement in recent weeks and potentially a better deal for Freeport. (Additional reporting by Samuel Wanda, and Ernest Scheyder in New York; Writing by Neil Chatterjee; Editing by Paul Tait, Dave Zimmerman)

quelle:reuters