Freeport-McMoRan

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  November 5, 2024

  SEC Investigates Freeport-McMoRan Over Earthquake Risk at Indonesian Smelter

  BY Lars Jensen
  The U.S. Securities and Exchange Commission (SEC) is investigating Freeport-McMoRan Inc. regarding its alleged failure to disclose earthquake risks associated with its newly built $3.7 billion Manyar copper smelter in Indonesia. The investigation was prompted by an anonymous complaint from a former contractor who claimed the complex could be at risk of collapsing into the...
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  October 23, 2024

  Freeport-McMoRan Exceeds Profit Expectations in Third Quarter Amid Higher Copper Prices

  BY Lars Jensen
  Freeport-McMoRan, a leading mining company, reported third-quarter profit results that surpassed analysts’ expectations, driven by higher copper prices that helped offset a decline in production. The average realized price for copper during the quarter rose to $4.30 per pound, compared to $3.80 per pound in the same period last year. This increase was attributed to...
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