💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Violence threatens Freeport's Grasberg copper mine in Indonesia

Published 11/09/2017, 07:48 AM
© Reuters.  Violence threatens Freeport's Grasberg copper mine in Indonesia
FCX
-
HG
-
  • Armed militants have occupied five villages in Indonesia’s Papua province, threatening to disrupt Freeport McMoRan’s (NYSE:FCX) Grasberg mine, the world's second biggest copper mine.
  • Freeport Indonesia says it is “deeply concerned” about security and is using armored cars and helicopters to ferry workers to and from the mine.
  • A state of emergency has been declared and ~300 additional security forces have been deployed to the mining area.
  • FCX says production and shipments from the mine have not yet been affected.
  • FCX -1.8% premarket.
  • Now read: Freeport-McMoRan: Buy The Uncertainty, Sell The Inevitable Copper Shortage


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.