"Final feasibility study, environmental impact assessment work and implementation of local social programs have progressed significantly over the past quarter. In addition, significant pre-construction activities have advanced on site to maintain a target of first copper cathode production at Tenke Fungurume towards the end of 2008."
"The potential acquisition of Phelps Dodge by Freeport-McMoRan Copper & Gold, Inc. ("Freeport") announced today is expected to be very positive for the project. Freeport successfully pioneered the enormous Ertsberg/Grasberg mine in a remote region in Papua, Indonesia (formerly Irian Jaya), mastering the technical, political and geographic challenges at Grasberg to make it one of the largest, most successful copper/gold mines in the world."
Stock Price of Tenke Agrees with it.
http://biz.yahoo.com/ccn/061120/200611200358881001.html?.v=1&printer=1
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