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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (62740)	1/17/2001 10:20:53 PM
From: d:oug	Read Replies (1) \| Respond to of 116764

OT Bob, if your mild mannerism blows a gasket folks will blame me. Did I completely miss the point of your post and go off on some wierd verbose tangent. no The above no requires one to re-examine if your second observation was an appropriate answer, as in correct, if I answered yes that you are correct rather than the no which brings into question the validity of your conclusion as to my intent to follow from that which could be a false positive in a negative sense. Let me explain further Bob. But first, your "Nevermind ...... sorry to have bothered you." No mind does my mind towards those who change their mind. Its almost that you did a variation of what you said, "... went off on some wierd verbose tangent.", as you retracted, as in a bounced backwards. Its really ok Bob, i understand your difficulty with the methods used by GATA in their battles towards those evil corrupt and criminal gold manipulators. Study history Bob and you will discover that the freedom you enjoy today has a foundation build not only with that which identifies to you good and honest means and methods, but also just the opposite which was not only used by folks you would not like to take credit for, but also by those who you think fought the "good" battle. Fight Fire with Fire is this ok Bob or are there exceptions or conditions that over-rule "in the name of humanity don't" who determines if the end can justify the means decide, not based on rule of laws made by man but decide based on life=survival Ayn Rand has written on this topic off topic # 2 ------------- Is the goozoon really too tight for hutch-chew? This thread is aWaiting 4 him to CrushaGataLand. The last post i 2 him, possible pr00f of gold manipulation to tell us all why its garbage & wrong & ClueLess. ak

To: goldsheet who wrote (62740)	1/26/2001 12:41:04 PM
From: long-gone	Read Replies (1) \| Respond to of 116764

Jan 26,2001 Phelps Dodge May Shutter Mines As California Saps Power Supplies By Chip Cummins Staff Reporter of The Wall Street Journal The world's second-largest copper miner has become the latest out-of-state victim of California's energy crisis, warning it may shutter three mines and lay off thousands of workers in the West because it can't afford sky-rocketing energy rates. Softer Metal : Production at Phelps Dodge Corp.'s three affected mines represents more than a quarter of the company's copper output and accounts for about 2% of global copper production, analysts estimate. Such large production cuts could affect global copper prices. "It's a big deal," says John Tumazos, an analyst at Sanford C. Berstein. Phelps Dodge, following in the footsteps of other big electricity users such as aluminum, ammonia and chemical makers, warned 2,350 employees at copper mines in Arizona and New Mexico that it may close facilities there in the next few months because higher electricity, natural-gas and diesel costs have made production too expensive. The move is the latest and, so far, most drastic reaction by heavy industry to steeply rising energy prices in the region. Companies in California have been hit particularly hard by frequent power interruptions in recent weeks as the state grapples with a severe shortage of electricity. But increasingly, big energy users across the state line are being hurt as California saps regional power supplies, sending prices soaring. Phelps Dodge, with its headquarters in Phoenix and many of its operations in the Southwest, said it paid 65% more for energy during the fourth quarter than it did a year ago. Aluminum producers also have been hit hard. Alcoa Inc. of Pittsburgh, for instance, said earlier this month that it was reducing production by 150,000 metric tons per year at two smelters in Washington state after agreeing to sell electricity back to its power-strapped regional utility. Ironically, many aluminum companies built plants in the northwest in the 1970s because energy prices there were so low. "Essentially, every watt of available power is going to California," said J. Steven Whisler, Phelps Dodge's chief executive. The company said higher energy costs also hurt fourth-quarter earnings and likely will lead to losses of as much as 10 cents to 20 cents a share for the current quarter. "We've lost lots of efficiency and production," Mr. Whisler said. "It's a nightmare." For the fourth quarter, Phelps Dodge said net income was $8.1 million, or 10 cents a diluted share, compared with a loss of $212.7 million, or $2.91 a share, for the year-earlier period, which included a raft of charges. Revenue for the quarter was $1.1 billion, up modestly from $1.02 billion the prior year. Excluding special items, the company earned $5.6 million, or seven cents a diluted share, for the quarter, compared with $3.9 million, or five cents a share, a year earlier. Analysts had been expecting earnings of 15 cents a share, according a survey by FirstCall/Thomson Financial. At 4 p.m. in New York Stock Exchange composite trading Thursday, Phelps Dodge slipped 50 cents to $46.94 a share. Write to Chip Cummins at chip.cummins@wsj.com public.wsj.com