Thursday, March 15, 2007

Tenke mining is one of the Jewels in the Crown of the world's largest publicly traded copper producer

Now we can expect more development and news coming out:
1. Recent activity with cross trades of millions shares.
2. IFC is going to be more active in the region, PD is mentioned and its Tenke Fungurume project., news to be out on financing facilities.
3. By Q2 resource estimation will incorporate 15 months of recent drilling by PD.
4. Argentina development in order to recognise value of exploration activities.
5. More analyst coverage with further mine development.
"Upon closing, Freeport will operate a diverse portfolio of copper, gold and molybdenum reserves. The Grasberg, Indonesia, mine, the world's largest copper and gold mine in terms of reserves, will be the key asset of the combined company.
It will also operate significant mines in North and South America and proceed with development of the world-class Tenke Fungurume project in the Democratic Republic of Congo."

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