|Bid||53.00 x 0|
|Ask||0.00 x 0|
|Day's Range||84.55 - 84.55|
|52 Week Range||45.60 - 84.55|
|PE Ratio (TTM)||457.65|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Indonesia's mining ministry on Wednesday signed amended contracts with 18 coal mining companies, including PT Adaro Indonesia, as part of a shift towards a new mining permit system it expects to boost government revenue. Indonesia, the world's biggest thermal coal exporter, has now amended the contracts of all of its 68 coal mining companies, marking a victory for the government after earlier resistance from some miners to adopt the new terms. Indonesia's 2009 mining law requires companies to transfer from so-called contracts of work, long-term agreements with specific rules including on taxes, to newer special mining permits that generally follow the prevailing law.
The simple answer is yes, Freeport-McMoRan could be a millionaire maker stock... but there's a lot of risk that goes along with that
Rio Tinto Group has booked copper output from the giant Grasberg mine joint venture for the first time since 2014 -- just as the company weighs plans to exit the operation in Indonesia.
What are the top stock picks for 2018 from advisors who happen to be women? We asked eight contributors to MoneyShow.com. Their answers may surprise you.
NEW YORK, NY / ACCESSWIRE / January 12, 2017 / U.S. markets rallied sharply Thursday as investor focus has now shifted to the upcoming earnings season. The Dow Jones Industrial Average jumped 0.81 percent ...
Freeport McMoRan saw its IBD SmartSelect Composite Rating jump to 96 Friday, up from 94 the day before.
Indonesia hopes to finalise contract talks with Freeport McMoRan Inc over the Grasberg copper mine by June, although divestment issues are still unresolved, a mining ministry official said on Thursday. Indonesia and Freeport formed a framework agreement in August to transfer the company's rights to Grasberg to a new mine license system from an existing contract of work.
There are some concerns that China’s construction boom, which lifted its economic activity last year, might not continue in 2018.
Demand-supply dynamics could impact copper in 2018. In December 2017, the markets most likely repriced copper, anticipating strong demand in 2018.
In 2016, Freeport-McMoRan (FCX) almost exited its energy business after it sold its Deepwater Gulf of Mexico energy assets to Anadarko Petroleum (APC).
We saw some weakness for Freeport in February 2017. Its permit to export copper concentrates from Indonesia expired in January 2017.
Freeport-McMoRan (FCX) had a remarkable 2017, rising 43.7%. It rose 95% in 2016. Freeport and the broader metals and mining space seem to have put the worst behind them.
Currently, Freeport-McMoRan (FCX) is trading at an EV (enterprise value)-to-EBITDA (earnings before interest, tax, depreciation, and amortization) multiple of 5.40x, based on its 2018 EBITDA estimates, ...
Freeport-McMoRan (FCX) operates the giant Grasberg mine in Indonesia (EIDO). The mine, where Rio Tinto (RIO) (TRQ) is Freeport’s minority partner, is the second-largest mine globally after BHP Billiton’s ...
Copper is infamous for its unpredictable supply. Notably, analysts covering copper build a “disruption allowance” into their estimates.
In the previous parts of this series, we’ve seen how positive data points from China, the world’s largest copper consumer, lifted copper as well as copper miners including Freeport-McMoran (FCX) this month....
As we noted, Chinese copper imports were quite strong in November. Higher Chinese copper imports signal strong domestic demand in China.