Freeport Grasberg Extension And Restart Plans Meet Valuation And Risk Questions
Freeport-McMoRan (NYSE:FCX) has extended its mining rights at the Grasberg mine in Indonesia, securing operational control through at least 2041. The company agreed to expanded community investment commitments as part of the renewed terms with the Indonesian government. Freeport-McMoRan is preparing a phased restart of the Grasberg Block Cave underground mine later this year. For investors watching NYSE:FCX, the Grasberg extension secures access to one of the world's largest copper and gold...
Freeport-McMoRan (NYSE:FCX) has extended its mining rights at the Grasberg mine in Indonesia, securing operational control through at least 2041. The company agreed to expanded community investment commitments as part of the renewed terms with the Indonesian government. Freeport-McMoRan is preparing a phased restart of the Grasberg Block Cave underground mine later this year. For investors watching NYSE:FCX, the Grasberg extension secures access to one of the world's largest copper and gold...