- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: MMR & PXP purchased by Freeport Copper.......
Posted on 12/7/12 at 9:02 am to GREENHEAD22
Posted on 12/7/12 at 9:02 am to GREENHEAD22
quote:
There is also talk that this is an indication of possible future troubles for FPMC&G. Talk about there main mine starting to take a down turn and talks about them getting the boot pretty soon from one of the countries they are operating in, cant remember which one, either Indonesia or one of the SA ones.
That's interesting...I haven't heard anything along those lines...I had read your link earlier, was going to post, too...such a huge conflict and such an obvious bailout....it's going to get ugly with the Freeport shareholders, especially the big boys.
1
Posted on 12/7/12 at 6:33 pm to cwill
"Freeport's major overseas copper holdings are in the Democratic Republic of the Congo and Indonesia. Lately the company's had dire problems with the government of Indonesia and with the workers at its gigantic Grassberg mine."
"Plus lately the ore's become harder to pull out and is a lesser grade."
"Billy Bob Moffat, the chairman, president and CEO of McMoran Exploration is also chairman of Freeport McMoran. He's using Freeport money and stock to buy MMR, a wildcatting company that's drilling a gigantic well, the Davy Jones, in the Gulf of Mexico, that's been disastrous so far for the company."
noted the 'relationship issue' with Plains Exploration. "Plains owns 31.5% of McMoran and Plains ' CEO , Jim Flores, is on the board of McMoran."
"Plus lately the ore's become harder to pull out and is a lesser grade."
"Billy Bob Moffat, the chairman, president and CEO of McMoran Exploration is also chairman of Freeport McMoran. He's using Freeport money and stock to buy MMR, a wildcatting company that's drilling a gigantic well, the Davy Jones, in the Gulf of Mexico, that's been disastrous so far for the company."
noted the 'relationship issue' with Plains Exploration. "Plains owns 31.5% of McMoran and Plains ' CEO , Jim Flores, is on the board of McMoran."
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News