Forest Hills (aktiencheck.de AG) - Ronnie Moas, Analyst von Standpoint Research, stuft die Aktie von Freeport McMoRan Copper & Gold (ISIN US35671D8570 / WKN 896476) von "hold" auf "buy" hoch. Das Kursziel werde bei 48,00 USD gesehen. (Analyse vom 28.11.11) (29.11.2011/ac/a/a)
– The company is one of the biggest producers of copper and gold, both material prices will benefit substantially if the ECB opens the printing press. The firm’s production mix of copper and gold is also a hedge. Copper prices move on industrial data while Gold prices move on the fear of the Central Banks. If the economy gets weaker, you can bet on more easings from China to the US, that’s bullish for gold. If the economy gets stronger, copper prices will jump after its recent decline. At 2.54% dividend, the company is also paying you a nice fee while you wait.
videomart
: Fundamentally Sound Buys With Strong 2012 Catalyst
December 6, 2011
Freeport-McMoRan Copper & Gold Inc. and Newmont Mining Corp.
Metals Macro Catalyst
If things go well this week regarding a eurozone resolution, this could be your last chance to pick up these stocks at this level. If you have powder dry, this is an excellent opportunity to pick up some shares. The FOMC minutes for the two-day November meeting suggest that under current economic circumstances the Federal Reserve will have to engage in a third round of quantitative easing. The solution to the eurozone’s sovereign debt issues will inevitably lead to euro printing presses cranking up, allowing them to paper their way out of their solvency problems, which will only spur commodities prices even higher as inflation insurance plays.
Freeport Specific Catalyst
During 2010, FCX initiated plans to increase production at its North America copper mines, which had been curtailed in late 2008 because of weak market conditions. The projects included restarting milling operations and increasing mining rates at Morenci and Chino, and restarting the Miami mine. The project at Morenci is complete with an incremental impact of 125 million pounds of copper per year, and the ramp up of activities at Miami and Chino are continuing. Production at Miami currently approximates 60 million pounds of copper per year. Production at Chino, which is expected to produce approximately 70 million pounds of copper in 2011, is expected to increase to approximately 200 million pounds of copper per year by 2014. FCX also has a number of opportunities to invest in additional production capacity at several of its North America copper mines. Positive exploration results in recent years indicate the potential for additional sulfide development in North America. Read more here:[url]http://www.fcx.com/news/2011/101911.pdf[/url]
London (aktiencheck.de AG) - David Gagliano, Analyst von Barclays Capital, stuft die Aktie von Freeport McMoRan Copper & Gold (ISIN US35671D8570 / WKN 896476) mit "overweight" ein. Das Kursziel werde bei 63,00 USD gesehen. (Analyse vom 09.12.2011) (12.12.2011/ac/a/a)
videomart
: Freeport Ind. workers "to return to work Saturday"
Wed Dec 14, 2011 1:37am GMT
JAKARTA Dec 14 (Reuters) - Freeport-McMoRan Copper & Gold Inc workers at the Indonesia Grasberg mine are expected to return to work on Saturday, ending a three-month strike which has crippled production, a union official said on Wednesday.
The firm and the union are expected to sign a pay deal, with the firm agreeing to a rise of 37 percent over two years, within days.
"The firm has asked us to mobilise workers back to work on December 17 and we have agreed as part of the pay deal," said union field coordinator Hengki Binur.
"But we want one other condition; we want a guarantee from Freeport and its units that the workers who have joined the strike will not get any problem when they return to work."
FREEPORT McMoRan Copper & Gold Inc and its Indonesian union signed a pay deal yesterday to end a three-month strike that had paralysed output at the world's second-biggest copper mine, a union official said.!
The deal, which unions said includes a pay rise of 37 per cent over two years fo workers, ends Indonesia's longest-running industrial dispute and was achieved as pressure grew to find an agreement before Christmas.!
Striking workers at the remote Grasberg mine, which also holds the world's largest gold reserves and produces silver, are expected to return to work on Saturday, the union said earlier on Wednesday.!
"The firm has asked us to mobilise workers back to work on December 17 and we have agreed as part of the pay deal," union field coordinator Hengki Binur said.!
Freeport's CEO Richard Adkerson has been in Jakarta in recent weeks to help negotiate a deal. The agreement was signed by the CEO of Freeport's local unit, Armando Mahler, and the head of the union Sudiro, union spokesman Juli Parorrongan said.!
The company, which had said it is losing 2 million pounds of copper and 3,000 ounces of gold in daily production, declined to comment on the pay talks. 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 was trading down 1.7 per cent yesterday.!
The strike in Papua, eastern Indonesian, has been running since mid-Sept, and the firm declared force majeure on its exports from Grasberg in October, freeing it from contractual obligations.!
Even after workers return, it is likely to take some days to ramp up production, and longer to resume shipments since the firm needs to repair a sabotaged pipeline that takes metal concentrate from the mine to its port.!
The firm's operations have been crippled by attacks on pipelines, employees and blockades by workers and spear-wielding local tribesman that have cut off its food and fuel supplies in a remote region with few roads.
..."Gold is pulling back from the realization that, at the end of the day, the metal is simply an historic inflation hedge. It has been trading mostly as a third currency for protection from dollar or Euro debasements. However, absent of another QE3 in the U.S. or the European Central Bank printing of money, deflation no inflation is the order of the day. Therefore gold will trade modestly lower but stocks such as SPDR Gold Shares (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining Corp. (NEM), Goldcorp. (GG), Freeport-McMoRan Copper & Gold Inc. (FCX), Silver Wheaton Corp. (SLW) and ProShares Ultra Silver (AGQ) should be accumulated over the next few months in preparation for dollar and Euro printing that is sure to occur when things slow down again…and they will."
Der amerikanische Gold- und Kupfer- Produzent Freeport-McMoRan hatte in den zurückliegenden Monaten nicht viel Freude an seiner Grasberg-Mine, obwohl diese die zweitgrößte Gold- und Kupfer-Lagerstätte weltweit darstellt. Das Schlimmste könnte jedoch überstanden sein.
So haben die Amerikaner mit massiven Schwierigkeiten zu kämpfen: Bereits seit Mitte September letzten Jahres bestreiken die Arbeiter die indonesische Grasberg-Kupfermine. Die Arbeitsaufnahme wird verweigert, da 500 Bergarbeiter noch immer keine Arbeitsplatz-Garantien von den Vertragspartnern erhalten haben.
Prinzip Hoffnung
Offiziell wurde der Streik jedoch am 14. Dezember beendet. Die indonesische Gewerkschaft geht davon aus, dass bereits heute die Arbeiten wieder aufgenommen werden. Die Gesellschaft hofft, dass die Produktion in den nächsten Wochen wieder aufgenommen werden kann. Im gesamten vierten Quartal des letzten Jahres wurde in der Grasberg-Mine nichts gefördert.
Natürlich belastet die Amerikaner der Total-Ausfall im vierten Quartal schwer und sollte nochmals ein Quartal ohne Produktion erfolgen, könnte dies Freeport-McMoRan langsam aber sicher richtig wehtun. Allerdings ist hiervon wohl eher nicht auszugehen, da sich ein Ende des Streiks bereits unverkennbar abzeichnet.
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