Copper, gold miner to report 2Q earnings Tuesday

ibtimes.com     Jul 21, 2008            

NEW YORK (AP) - Freeport-McMoRan Copper & Gold Inc., the world's largest publicly traded copper producer, reports second-quarter earnings on Tuesday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: The mining giant, which also produces gold and molybdenum around the world, has benefited from a tight supply for copper this year, particularly with growing international demand, especially from Asian countries. This month has delivered some positive news for Freeport-McMoRan. Its stock rose nearly 4 percent Friday after Brazilian iron ore producer Companhia Vale do Rio Doce SA said it was not interested in acquiring the Phoenix-based company. In addition, Freeport-McMoRan's operation in Peru was excluded from a nationwide mine strike in that country, because union workers agreed... [read full story]                    

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