FCX Fcx Intl

0.00

0.00 (0.00%)

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Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Fcx Intl	LSE:FCX	London	Ordinary Share	GB0030756968	ORD 50P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%							0.00	-

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
	0	0		N/A	0

UPDATE: Peru's Cerro Verde SAA 4Q Loss $100 Million Vs Gain $165 Million

05/02/2009 7:44pm

Dow Jones News

Fcx Intl (LSE:FCX)
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Base metals mining company Sociedad Minera Cerro Verde SAA (CVERDEC1.VL) said it had a fourth-quarter net loss of $100.4 million, compared to a $165.0 million gain in the same quarter a year earlier.

The net loss was mainly due to weaker revenues tied to lower copper prices, and higher sales costs.

The company said that revenues totaled $26.1 million in the fourth quarter compared to $422.7 million in the same quarter a year earlier.

The company added that the 93.8% decline in net sales quarter-over-quarter was caused in part by a provisioning for future sales, worth $247.7 million.

Cerro Verde is majority controlled by Freeport McMoRan Copper & Gold (FCX). Compania de Minas Buenaventura SAA (BVN) and a subsidiary of Sumitomo Corp. (8053.TO) also have equity stakes in the company.

-By Robert Kozak; Dow Jones Newswires; 511-9927 7269; peru@dowjones.com