Freeport mining review will boost cash flow, support copper – Jefferies

Freeport McMoRan’s plans to cut high-cost copper and molybdenum production should help to reverse a short-term cashfall and support the copper market, equity analysts at Jefferies said on Wednesday August 5.

The Arizona-based miner will complete a review of its copper and molybdenum operations in the third quarter, and expects to be able to “target lower operating and capital costs to achieve maximum cash flow under the current market conditions”, the company said earlier in the day. The company will curtail output at...

Published

Mark Burton

August 05, 2015

17:18 GMT

London