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Home / Metal News / Indonesia Embargo Takes a Toll on Freeport Copper Shipments in First Quarter

Indonesia Embargo Takes a Toll on Freeport Copper Shipments in First Quarter

Apr 26, 2017 10:21

Source:SMM

Freeport-McMoRan Inc. announced export ban effective January 12 delayed shipments of 190 million pounds of copper and 280,000 ounces of gold in the first quarter of 2017, according to wenhua.com.

SHANGHAI, Apr. 26 (SMM) - Freeport-McMoRan Inc. announced export ban effective January 12 delayed shipments of 190 million pounds of copper and 280,000 ounces of gold in the first quarter of 2017, according to wenhua.com.

The company sold 809 million pounds of copper, 182,000 ounces of gold and 24 million pounds of molybdenum in the first quarter.

Rio Tinto Releases Major Products Output in First Quarter, Lowers Target for 2017

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Its seasonally adjusted business revenue was $220 million or 15 cents per share, compared to $196 million or 16 cents per share losses during the same period of last year.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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Indonesia Embargo Takes a Toll on Freeport Copper Shipments in First Quarter

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