NYSE:FCXMetals and Mining
Freeport-McMoRan (FCX): Assessing Valuation Following Grasberg Mine Operations Halt
If you are holding or eyeing shares of Freeport-McMoRan (NYSE:FCX), yesterday’s sudden halt of operations at the Grasberg Block Cave mine in Indonesia is worth your full attention. The company paused all mining activities in that district after a large flow of wet material blocked access and temporarily restricted evacuation routes for seven team members. While their location is known and safety teams are working hard to clear the zone, the shutdown at one of Freeport’s most significant...