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Freeport results miss down to Grasberg

Freeport McMoRan’s (US:FCX) 2016 production results have been hit by the ongoing uncertainty at the Grasberg mine in Indonesia but asset sales still helped it wipe over US$8 billion debt from the books.

Freeport results miss down to Grasberg Freeport results miss down to Grasberg Freeport results miss down to Grasberg Freeport results miss down to Grasberg Freeport results miss down to Grasberg

The problem child: Grasberg is still causing problems for Freeport McMoRan

The miner missed guidance and analyst targets for the year and the fourth quarter.It sold 2.11 million tonnes of copper from all operations on guidance of 2.18Mt, and 1.

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