Anyone want a good long,$FCX @ 22.86
This is why experts, such as UBS commodities analyst Daniel Morgan, believe it is unlikely that Rio and BHP end up having the same degree of dominance over copper that they have in iron ore. For the foreseeable future, he says, Codelco, Glencore (LON:GLEN) and Freeport-McMoRan (NYSE:FCX) will remain the world’s top copper producers.
Freeport-McMoRan Inc. Declares Quarterly Cash Dividend on Common Stock
Friday, 19 Dec 2014 | 12:00 PM ETBusiness Wire
COMMENTSStart the Discussion
PHOENIX--(BUSINESS WIRE)-- Freeport-McMoRan Inc. (NYSE: FCX) today declared a cash dividend of $0.3125 per share payable on February 2, 2015 to holders of record as of January 15, 2015 for its common stock.
FCX is a premier U.S.-based natural resources company with an industry-leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. FCX is the world’s largest publicly traded copper producer.
FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; significant mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America; the Tenke Fungurume minerals district in the Democratic Republic of Congo; and significant oil and natural gas assets in North America, including reserves in the Deepwater Gulf of Mexico (GOM), onshore and offshore California and in the Haynesville natural gas shale play, and an industry-leading position in the emerging shallow water Inboard Lower Tertiary/Cretaceous natural gas trend on the Shelf of the GOM and onshore in South Louisiana.
Freeport-McMoRan Inc.
Financial Contacts:
Kathleen L. Quirk, 602-366-8016
or
David P. Joint, 504-582-4203
or
Media Contact:
Eric E. Kinneberg, 602-366-7994
Source: Freeport-McMoRan Inc.
Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto
Cecilia Jamasmie | January 7, 2015
Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto Escondida mine in Chile. (Image courtesy of BHP Billiton).
Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto
Chile's Escondida, the world's largest copper-producing mine. (Image courtesy of BHP Billiton).
The global copper industry will need to add the equivalent of a new Escondida mine every 15 months over the next 10 years in order to meet global demand, Rio Tinto’s (LON:RIO) copper boss Jean-Sébastien Jacques told FT.com (subs. required).
The miner, which has a minority stake in the massive Chilean mine, jointly owned with giant BHP Billiton (ASX:BHP), has began stepping up efforts to capture a greater chunk of the $140 billion world market.
Other key market players including BHP and First Quantum (TSX:FM) are talking up their growth potential in copper, even though concerns over waning Chinese demand have taken the industrial metal’s price to its lowest in four years.
And it is not alone on this quest. Other key market players including BHP and First Quantum (TSX:FM) are talking up their growth potential in copper, even though concerns over waning Chinese demand have taken the industrial metal’s price to its lowest in four years.
Australia’s Bureau of Resource and Energy Economics forecast a worldwide surplus of 300,000 tonnes for this year, but both BHP and Rio believe the market will tighten from 2018, with growing deficits.
Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto
Rio Tinto’s copper boss Jean-Sébastien Jacques. (Image courtesy of Rio Tinto)
The goal for Rio Tinto, Jacques told investors in December, is to "gain a clear advantage" against competitors and "build a business model that creates value through the economic cycles".
BHP, in turn, has invested $13.3 billion, or 17% of the group’s total spending, in copper operations over the last five years, according to a November presentation.
But analysts quoted by FT.com see several challenges ahead for the top miners. One is the complexity and cost of their projects and expansions, which means they may not be in a position to ramp up output as fast as required:
BHP and Rio’s Escondida’s output will drop next year as a result of lower grades.
Rio’s Bingham Canyon in Utah is expected to produce less this year as a result of rehabilitation work following the largest non-volcanic landslide in history.
Oyu Tolgoi’s underground expansion has been continuously delayed.
And building new copper mines has proven too costly in the current environment. Digging up its mineral riches is difficult and expensive. Most of the copper lies deep beneath the surface.
This is why experts, such as UBS commodities analyst Daniel Morgan, believe it is unlikely that Rio and BHP end up having the same degree of dominance over copper that they have in iron ore. For the foreseeable future, he says, Codelco, Glencore (LON:GLEN) and Freeport-McMoRan (NYSE:FCX) will remain the world’s top copper producers.
This is why experts, such as UBS commodities analyst Daniel Morgan, believe it is unlikely that Rio and BHP end up having the same degree of dominance over copper that they have in iron ore. For the foreseeable future, he says, Codelco, Glencore (LON:GLEN) and Freeport-McMoRan (NYSE:FCX) will remain the world’s top copper producers.
Freeport-McMoRan Inc. Declares Quarterly Cash Dividend on Common Stock
Friday, 19 Dec 2014 | 12:00 PM ETBusiness Wire
COMMENTSStart the Discussion
PHOENIX--(BUSINESS WIRE)-- Freeport-McMoRan Inc. (NYSE: FCX) today declared a cash dividend of $0.3125 per share payable on February 2, 2015 to holders of record as of January 15, 2015 for its common stock.
FCX is a premier U.S.-based natural resources company with an industry-leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. FCX is the world’s largest publicly traded copper producer.
FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; significant mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America; the Tenke Fungurume minerals district in the Democratic Republic of Congo; and significant oil and natural gas assets in North America, including reserves in the Deepwater Gulf of Mexico (GOM), onshore and offshore California and in the Haynesville natural gas shale play, and an industry-leading position in the emerging shallow water Inboard Lower Tertiary/Cretaceous natural gas trend on the Shelf of the GOM and onshore in South Louisiana.
Freeport-McMoRan Inc.
Financial Contacts:
Kathleen L. Quirk, 602-366-8016
or
David P. Joint, 504-582-4203
or
Media Contact:
Eric E. Kinneberg, 602-366-7994
Source: Freeport-McMoRan Inc.
Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto
Cecilia Jamasmie | January 7, 2015
Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto Escondida mine in Chile. (Image courtesy of BHP Billiton).
Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto
Chile's Escondida, the world's largest copper-producing mine. (Image courtesy of BHP Billiton).
The global copper industry will need to add the equivalent of a new Escondida mine every 15 months over the next 10 years in order to meet global demand, Rio Tinto’s (LON:RIO) copper boss Jean-Sébastien Jacques told FT.com (subs. required).
The miner, which has a minority stake in the massive Chilean mine, jointly owned with giant BHP Billiton (ASX:BHP), has began stepping up efforts to capture a greater chunk of the $140 billion world market.
Other key market players including BHP and First Quantum (TSX:FM) are talking up their growth potential in copper, even though concerns over waning Chinese demand have taken the industrial metal’s price to its lowest in four years.
And it is not alone on this quest. Other key market players including BHP and First Quantum (TSX:FM) are talking up their growth potential in copper, even though concerns over waning Chinese demand have taken the industrial metal’s price to its lowest in four years.
Australia’s Bureau of Resource and Energy Economics forecast a worldwide surplus of 300,000 tonnes for this year, but both BHP and Rio believe the market will tighten from 2018, with growing deficits.
Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto
Rio Tinto’s copper boss Jean-Sébastien Jacques. (Image courtesy of Rio Tinto)
The goal for Rio Tinto, Jacques told investors in December, is to "gain a clear advantage" against competitors and "build a business model that creates value through the economic cycles".
BHP, in turn, has invested $13.3 billion, or 17% of the group’s total spending, in copper operations over the last five years, according to a November presentation.
But analysts quoted by FT.com see several challenges ahead for the top miners. One is the complexity and cost of their projects and expansions, which means they may not be in a position to ramp up output as fast as required:
BHP and Rio’s Escondida’s output will drop next year as a result of lower grades.
Rio’s Bingham Canyon in Utah is expected to produce less this year as a result of rehabilitation work following the largest non-volcanic landslide in history.
Oyu Tolgoi’s underground expansion has been continuously delayed.
And building new copper mines has proven too costly in the current environment. Digging up its mineral riches is difficult and expensive. Most of the copper lies deep beneath the surface.
This is why experts, such as UBS commodities analyst Daniel Morgan, believe it is unlikely that Rio and BHP end up having the same degree of dominance over copper that they have in iron ore. For the foreseeable future, he says, Codelco, Glencore (LON:GLEN) and Freeport-McMoRan (NYSE:FCX) will remain the world’s top copper producers.
I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
