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Freeport-McMoRan Drops on Mine News
Freeport-McMoRan Copper & Gold(FCX Quote) said Thursday a slippage of material in an Indonesian mine killed two workers, injured five others and left six missing.
Separately, the mining company said it expects third-quarter earnings to exceed its previous estimates.
Freeport said the accident at the mine, operated by affiliate PT Freeport Indonesia, may defer metal-production plans from the fourth quarter of 2003 and into 2004, but that it is not expected to affect the unit's long-term mine plans. ...
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