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 […]