Word: goldings
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...know what an F.O.B. is in Washington?" asked James Moffett, CEO of Freeport McMoRan Copper and Gold, the giant mining company based in New Orleans, in a recent newspaper interview. "It's friends of Bill. That's how you get contracts with the U.S. government. And before that, it was friends of Bush. And before that...
...developed under the auspices of the Suharto regime. A giant crater scooped out of a mountainside in the jungles of Irian Jaya, on the Indonesian half of the island of New Guinea, the $60 billion mother lode contains one of the world's largest single deposits of copper and gold...
...strict capitalists among Freeport's shareholders might be happier were that the case. The company's stock last week closed at about $14, down from $36 three years ago. Low copper and gold prices, which the company obviously can't control, clearly have hurt; but some shareholders also complain that despite a cost-cutting campaign dubbed "Hunker Down and Go," Moffett's 1998 compensation of $4.5 million plus stock options is out of line with Freeport's sagging performance...
...found a niche in recent years at stamp and vending machines and rail stations--so useful that the U.S. Mint has finally depleted reserves of the coin minted two decades ago. It will have to issue a final 1999 batch to meet demand before Susan B.'s replacement, the gold-colored Sacagawea, makes its debut early next year...
GOING FOR THE GOLD: SYNCHRONIZED DIVING Our series on the champions of underappreciated Olympic sports looks at two athletes hoping to represent the U.S. on the high podium...