Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: John Madarasz who wrote (3393)	8/11/2003 10:49:12 PM
From: azluke	Read Replies (1) of 4905

Copper & Gold - How about FCX,Freeport-McMoRan Copper and Gold. Any opinions? "Freeport-McMoRan Copper & Gold Inc. is a copper and gold mining and production company. The Company's principal asset is the Grasberg mine, which contains a single gold reserve and a copper reserve. The Company's principal operating subsidiary is PT Freeport Indonesia. PT Freeport Indonesia mines, processes and explores for ore containing copper, gold and silver. Freeport-McMoRan also smelts and refines copper concentrates in Spain and markets the refined copper products through its wholly owned subsidiary, Atlantic Copper, S.A. In addition, PT Freeport Indonesia has a 25% interest in PT Smelting, an Indonesian company that operates a copper smelter and refinery in Gresik, Indonesia. As of December 31, 2002, PT Freeport Indonesia's share of proven and probable recoverable reserves totaled 39.4 billion pounds of copper and 48.5 million ounces of gold, all of which are located in Block A.)

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