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Zacks Investment Research reported that output is expected to increase at Freeport McMoRan’s (NYSE:FCX) Cerro Verde copper-moly project.
Zacks Investment Research reported that output is expected to increase at Freeport McMoRan’s (NYSE:FCX) Cerro Verde copper-moly project.
The market news is quoted as saying:
Cerro Verde is an open-pit copper and molybdenum mining complex, which was once government-owned. The Peruvian government acquired the property from Anaconda in 1970 and divested the property in 1994. Cerro Verde has the third oldest SX/EW facility in the world.