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Freeport-McMoRan Copper & Gold Inc. Aug 11 Product Image

Freeport-McMoRan Copper & Gold Inc. Aug 11

  • Published: August 2011
  • Standard & Poors

Abstract
Good cost position; Leading market position as the second-largest copper producer in the world; and Significant reserve base with good diversification Political and legal risks of operating in Indonesia; Cyclical industry with volatile end-product prices; and Mature and high-cost U.S. operations. The ratings on Phoenix, Ariz.-based Freeport-McMoRan Copper & Gold Inc. reflect Standard & Poor's Ratings Services' expectation that copper and gold prices will likely remain high enough over the next couple of years to support Freeport's financial metrics at levels consistent with a modest financial risk profile. In addition, we expect that the company will continue to maintain a relatively conservative and balanced financial policy, which should help mitigate the country risk for its Indonesian operations and the commodity...

Companies mentioned in this report are: Freeport-McMoRan Copper & Gold Inc.,Phelps Dodge Corp.,Cyprus Amax Minerals Co.
Action: Review

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Freeport-McMoRan Copper & Gold Inc.,Phelps Dodge Corp.,Cyprus Amax Minerals Co.

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