'Buy Freeport' as losses narrow

The world’s largest listed copper miner Freeport-McMoRan has cut losses in the second quarter, primarily because of fewer write-downs linked to its oil and gas business.

Freeport operates about a dozen mines, worldwide

27 July 2016
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Nevertheless, numbers for the second quarter were hit by lower realised copper prices, down 20% compared with the same period in 2015, although production was up 16%, said the Phoenix, US-based

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