Freeport-McMoRan Provides Update on Cerro Verde Mine in Peru
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
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Source: Business Wire
PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) announced today that the Peruvian Government has extended the declaration of a National Emergency to April 12, 2020, associated with the Peruvian government’s efforts to contain the outbreak of COVID-19.Cerro Verde is engaged in discussions with Peruvian government authorities regarding health protocols which would enable Cerro Verde to conduct limited operations during the state of emergency and position Cerro Verde for a return to normal operations as restrictions are lifted.Our principal focus is on the health and well-being of our workers, their families and the community while maintaining environmental safeguards and protecting the long-term values of this important resource. Cerro Verde is a major contributor to the national and local economy and is one of the largest employers in the Arequipa region.Freeport-McMoRan owns 53.56% of Cerro Verde, which operates one of the world’s largest concentrating facilities near
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