Freeport Indonesia to process 400,000t of copper concentrate at new smelter
Earlier this month, Freeport obtained an export permit for the rest of the year from the government.
Mining giant Grupo Mexico, one of the world’s largest copper producers, on Wednesday said its net profit rose in the third quarter by 7.9% to $844 million compared with the same period a year earlier.
The company also reported a 28.9% increase in revenue year over year, to $3.65 billion.
Grupo Mexico’s shares fell 2% after the results was released early Wednesday.
(By Noe Torres and Laura Gottesdiener; Editing by Mark Porter)
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