Freeport-McMoRan Reports Net Loss of $4.1 Billion for Fourth-Quarter 2015, Sets 2016 Capex at $3.4 Billion
Freeport-McMoRan Reports Net Loss of $4.1 Billion for Fourth-Quarter 2015, Sets 2016 Capex at $3.4 Billion
SUGAR LAND--January 27, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Citing weak copper and oil prices, International mining giant Freeport-McMoRan Incorporated (FCX) (NYSW:FCX) (Phoenix, Arizona) reported a net loss of $4.1 billion for fourth-quarter 2015, and a loss of $12.2 billion for the whole year. Industrial Info is tracking 23 FCX-related projects worth $8.7 billion. Within this article: Mentions FCX's plans to manage its debt.
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