CAPITAL MARKETS

Freeport stems the losses

All of Freeport McMoRan’s (US:FCX) hard work divesting assets and cutting costs is paying off, with the diversified miner swinging to profit for the first time in seven quarters in the three months to the end of September.

An expansion of operations at Cerro Verde in Peru has boosted Freeport's production

An expansion of operations at Cerro Verde in Peru has boosted Freeport's production

Operating cash flows are on the up and its US$19 billion debt pile is expected to fall by $5 billion in the December quarter, according to Freeport, meaning the Phoenix-based company is back on the ascent....

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