Freeport income drops in qtr. on Grasberg woes
Jul 23, 2013 | 03:14 PM
| Everdeen Mason
NEW YORK Freeport-McMoRan Copper & Gold Inc. reported lower net income and sales in the second quarter, primarily due to the May tunnel collapse at its Grasberg Mine in Indonesia.
Freeports net income of $482 million for the quarter ended June 30 fell 32.1 percent from $710 million a year earlier on sales that dropped 4.2 percent to $4.29 billion from $4.48 million.....
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