(Bloomberg) — It’s been a rough haul for Freeport-McMoRan Inc., but the future may be looking up.
In the past five years, the world’s largest publicly traded copper miner was forced to sell assets and shares to manage debt as it weathered fall-out from the collapse of the commodity super cycle. It emerged from multiyear talks over its Indonesian mine to secure long-term rights, and hung on as production at the flagship operation tumbled during the switch from open pit to underground mining.
And in the past year, it has been buffeted by global trade winds and hit by crossfire from demonstrations against a competitor in Peru. Continue Reading →