- Motley Fool•yesterday
Freeport-McMoRan and Rio Tinto have stakes in this giant Indonesian gold and copper mine complex... and what a headache that's been lately!
Chappy Hakim, chief executive of miner Freeport-McMoran Inc's Indonesian unit, has resigned, the company said on Saturday, after the parent firm declared force majeure on copper concentrate shipments from its Grasberg mine in Papua. Freeport, which has been negotiating with the Indonesian government after halting exports due to new mining rules, said on Friday it could not meet contractual obligations for copper concentrate shipments from the giant mine following a five-week export stoppage. All work has stopped at the mine, the world's second largest for copper, a union leader said.
- Reuters•2 days ago
Freeport-McMoRan Inc said on Friday it cannot meet contractual obligations for copper concentrate shipments from its Grasberg mine in Indonesia following a five-week export ban, the second big producer in a week to declare force majeure. Production at Freeport's giant mine in Papua, Indonesia, came to a standstill last week after the government banned copper concentrate exports on Jan. 12, part of an effort to boost Indonesia's smelter industry.
FCX : Summary for Freeport-McMoRan, Inc. Common S - Yahoo Finance
Freeport-McMoRan Inc. (FCX)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||14.80 - 15.31|
|52 Week Range||6.55 - 17.06|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-4.73|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|