Freeport McMoRan El Abra Expansion Weighs On Valuation And Growth Prospects

Freeport McMoRan (NYSE:FCX) has submitted an application for environmental approval to expand its El Abra copper mine in Chile. The multibillion dollar project would involve major new infrastructure and a significant increase in potential copper production capacity. The expansion plan focuses on long term operations at El Abra in one of the world's key copper producing regions. For investors watching copper exposed names, El Abra is a core asset within Freeport McMoRan's portfolio,...