Freeport McMoRan Grasberg Extension Reframes Copper Supply And Risk Outlook
Freeport McMoRan (NYSE:FCX) has reached a new Memorandum of Understanding with the Indonesian government that extends its operating rights in the Grasberg mining district. The agreement secures continued access to one of the world's largest copper and gold deposits for an extended period. At the same time, the company is bringing new low cost leaching operations online in the U.S. to expand copper output. Freeport McMoRan is a major global producer of copper and gold, and the Grasberg...
Freeport McMoRan (NYSE:FCX) has reached a new Memorandum of Understanding with the Indonesian government that extends its operating rights in the Grasberg mining district. The agreement secures continued access to one of the world's largest copper and gold deposits for an extended period. At the same time, the company is bringing new low cost leaching operations online in the U.S. to expand copper output. Freeport McMoRan is a major global producer of copper and gold, and the Grasberg...