Goverment backed down as far as FCX operations is concerned except nickel. Should see a nice pop Monday. Copper should also rise.
Sentiment: Strong Buy
this co still pays close to 4 percent while you are waiting for the mining sector to come back 4 percent is better than the less than 1 percent you get with cds
Apparently FCX said they would build smelters in Indonesia and start processing the ore in country. The lifting of the ban is temporary. Obviously FCX will work with the government and do what is necessary to protect their franchise.