Fossil Fuels
Freeport McMoran prepares $7.5 bln financial investment to broaden Chile copper mine
U.S. miner Freeport McMoran prepares to invest around $7.5 billion to broaden its El Abra copper mine in Chile, a project expected to take seven to 8 years to develop due to allowing requirements, CEO Kathleen Quirk said on Tuesday. Speaking in a call with experts after reporting second quarter results that beat revenue price quotes, Quirk stated Freeport prepared to send an ecological effect statement by the end of next year. We're going to continue to examine the economics in the context of market conditions, but think this is a project that will be required in the future to...