Freeport McMoran (FCX) Message Board

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Gold/Mining/Energy : Freeport McMoran (FCX)

FCX 41.72

-1.1%

Oct 30 3:59 PM EDT

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To: teevee who wrote (66)	11/16/2000 12:55:42 PM
From: Elizabeth Andrews	Read Replies (2) of 141

This clearly is a very complex situation. It seems to me that the trend is for governments to own mineral rights on behalf of the people and companies get the right to do certain things. If there are surface rights that are owned fee simple by a citizen then things get even more complicated. Now, throw in the aboriginal claims and things get very complex. Look what's happening in Newfoundland and the dispute with Inco. I believe that jurisdiction is based on British property law. The Crown is clearly driving things not the "owner" of the deposit. And, there's no way the Crown is going to give the rights to the deposit to the Innu, is there?

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