- Published: Thursday, 27 April 2017 17:19
- Written by E&MJ News
Freeport-McMoRan reported consolidated sales of 809 million pounds (lb) of copper, 182,000 oz of gold and 24 million lb of molybdenum for first quarter 2017. The company’s sales volumes were impacted by regulatory restrictions on PT Freeport Indonesia's (PT-FI) concentrate exports since mid-January 2017. PT-FI operates the Grasberg mine and the restrictions resulted in the deferral of about 190 million lb of copper and 280,000 oz of gold in first-quarter 2017. PT-FI's concentrate exports resumed April 21, 2017.