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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. -- Ignore unavailable to you. Want to Upgrade?

To: alan holman who wrote (28064)	10/31/1998 6:12:00 AM
From: Mingo	Respond to of 28369

I've said this before and I'll say it again. There is a gold exploration company that is about to fulfill the dreams that Bre-x once offered, only this company is for real. intergoldcorp.com This address will say it ALL.

To: alan holman who wrote (28064)	11/9/1998 12:08:00 AM
From: alan holman	Read Replies (2) \| Respond to of 28369

Freeport, JSP open copper mating dance out of step Reuters Story - November 06, 1998 17:19 By Derek Caney NEW YORK, Nov 6 (Reuters) - Freeport McMoRan Copper & Gold Inc and the Japanese smelter pool (JSP) began their annual mating dance for 1999 long term supply contracts out of step, with a whole ballroom separating the two. In meetings held Thursday, sources said that Freeport-McMoRan Copper & Gold Inc were asking for treatment charges at $56 a tonne and refining charges at 5.6 cents a lb. The Japanese smelter pool was believed to be asking for treatment charges at $81/8.1 cents a lb. The two sides are expected to meet again on November 17, sources said. A Freeport spokesman declined comment. Freeport settled its 1998 contract at $102.50/10.25 cents, while other Western miners settled at $96-$97/9.6-9.7 cents last year. Treatment and refining charges refer to the fee charged by smelters to refine copper concentrates produced by miners into exchange-deliverable copper cathodes. Freeport said in its third quarter earnings report that its share of production is expected to be 635,000 tonnes of recoverable copper from its Grasberg mine in Indonesia. "Freeport was in a more vulnerable position last year, because they had an expansion coming on, so they probably gave in to the smelters a bit," one trader on the sidelines said. "But they have more leverage this year. They've got their Gresik smelter coming on at the end of this year. They also have the option of shipping concentrates to Spain. They're out for blood this year." Construction of the Gresik smelter in Indonesia, a joint venture between Freeport, Mitsubishi Materials Corp and Nippon Mining & Metals , was completed in the third quarter and is expected to produce 100,000 tonnes annually when it reaches full production in the first quarter. The Atlantic complex in Spain produced approximately 183,500 tonnes of cathode in the first nine months of the year. The prevailing opinion among analysts is that the benchmark treatment-refining charges will be $65-$70/6.5-7.0 cents for 1999, sharply lower from last year as a result of a tightness in concentrates caused by mine production cuts earlier in the year and slackening demand for cathode worldwide. The Escondida mine in Chile, jointly held by Rio Tinto Plc and Broken Hill Proprietary Ltd is expected to open talks with the Japanese next week. They are expected to ask for treatment-refining charges in the $60-$70/6.0-7.0 cent range