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Brent Crude Oil $ 104.4 / bbl -4.21%
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Freeport profit down 32%, to cut capital spending by $1.9bn

Cecilia Jamasmie | July 23, 2013 | 6:38 pm Base Metals Precious Metals Top Companies Asia Europe Copper Gold 

Freeport McMoRan Copper and Gold (NYSE: FCX) logged Tuesday a significant decline in second-quarter profit and announced a plan to cut $1.9 billion from its medium-term capital spending in light of declining metal prices. The Arizona-based miner’s net income dropped 32%...

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