FCX’s Cerro Verde to Raise Output

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.

To read the full market news, click here.