Freeport forecasts increase in NA copper sales

Apr 18, 2013 | 02:31 PM | Suzy Waite

Tags  Freeport-McMoRan Copper & Gold, earnings report, copper, McMoRan Exploration, Plains Exploration, Suzy Waite

NEW YORK — Freeport-McMoRan Copper & Gold Inc. expects its North American copper sales will increase 7 percent this year, primarily due to higher production at its Morenci Mine in Arizona and its Chino Mine in New Mexico.

The Phoenix-based company forecast North American copper sales of 1.45 billion pounds in 2013 vs. 1.35 billion pounds last year.

The company’s North American production rose 1.8 percent to 343 million pounds in the first quarter from 337 million pounds in the same period last year, a direct result of improved production at Morenci and Chino.....

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