The Traderszone Network

Published in TZ Latest News 9 October, 2015 by The TZ Newswire Staff

Freeport-McMoRan Gets Grasberg Assurances

Investors don’t have to worry that Freeport-McMoRan (NYSE: FCX) will go through the same bit of drama industry peer Newmont Mining (NYSE: NEM) just experienced in Indonesia. The copper and gold miner announced the government had given it assurances that its massive Grasberg mine will get a contract extension after the existing framework expires in 2021, and it will include the same provisions it currently enjoys.