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'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.

'Buy Freeport' as losses narrow 'Buy Freeport' as losses narrow 'Buy Freeport' as losses narrow 'Buy Freeport' as losses narrow 'Buy Freeport' as losses narrow

Freeport operates about a dozen mines, worldwide

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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