Posted inAT Finance, Australia, Indonesia, Oceania, World

Freeport under multiple guns in Indonesia

Locked in protracted negotiations with the Indonesian government over the future of its hugely profitable Grasberg mine, Freeport McMoRan Copper & Gold now faces an unsteady share price and deteriorating security around its Papua-based operations to add to its troubles. Despite the release of better-than-expected third quarter revenues of US$3.41 billion, Freeport’s shares slipped by […]