Shares of Freeport McMoRan (FCX) jumped 13.4% Tuesday morning in New York as investors responded positively the Company’s performance in the second quarter, when it posted net profit of US$241 million or US$0.17 per share. The Company’s US$700 million capital spending for underground mining in Grasberg, Papua, however, is pending resolution of PT Freeport Indonesia’s long-term operating rights.To subscribe please click here