November 12, 2008
Freeport-McMoRan Defers $1 Billion Worth of Mining Projects in Arizona and Colorado, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) -- In a move to conserve cash in a down-trending market, Freeport-McMoRan Copper & Gold Incorporated (NYSE:FCX) (Phoenix, Arizona) has delayed development on several copper and molybdenum mining projects in Arizona and Colorado because of a drop in commodity metals prices and the deteriorating global economy.
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SOURCE: Industrial Info Resources