Shares of Freeport McMoRan (FCX) ended significantly lower by 5.83% in New York Friday (Feb 3rd) with significant trading volume. Other than tracking copper, which retreated by 2.47% Friday, investors were concerned about status of Grasbger gold-copper mine in Papua, Indonesia. Freeport and the Government are still disputing various issues surrounding status of mining rights, mandatory development of copper smelter, and export duty for copper concentrates.To subscribe please click here
