Monday, November 05, 2007

Lundin Mining LUN.to LMC Tenke Fungurume Update

I would like to thank my reader about another confirmation on Kabila's visit to FCX facilities.
I think we are on a good track to receive positive news confirming finalisation of agreement between FCX and Gecamines. Report should be finalised in next two weeks.
Please do not be confused with:
"If you will insist my advise will be only to read CS and that if you are on a margin or have put your house in ANY stock in the market SELL immediately. In all other cases obtain all information and then entertain yourself with your own thoughts and decisions."
This is my general position: never trade your house or be on margin for ANY STOCK in the Universe.
"Congo president tours Morenci mine
His Excellency President of the Democratic Republic of the Congo Joseph Kabila visited Freeport-McMoRan’s Phelps Dodge Morenci Mine on Tuesday.President Kabila toured the mine and the company’s Process Tech-nology Center near Safford.
Monday, October 29, 2007
-->Kabila and a delegation from the Congo are scheduled to meet with President George W. Bush later this week.Freeport McMoRan is the managing shareholder in the Tenke Fungurume Project, which is building a copper and cobalt mine on a 600-square-mile site in the Congo.Construction on the mine began in 2006 and should be in operation by late 2008. President Kabila requested to visit a copper mine operated by Freeport McMoRan Copper & Gold Inc. while he was in the U.S."

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