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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: LME Copper Warehouse Stocks Level
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One reason for the lower inventory levels is 25% export tax that Indonesia has slapped on it's copper exports. So Freeport McMoran is now only producing 50% of their normal production.

http://www.forbes.com/sites/greatspeculations/2014/04/16/indonesian-government-relaxes-its-stance-in-tax-dispute-with-freeport-and-newmont/

Goes to show why having mines in safe jurisdictions are of great value.

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