Freeport doubles down on capex cut

Freeport McMoRan has doubled down on cost cutting, making an “aggressive” move to slash spending by 29% for the year and chopping $800 million from its oil and gas unit.

Freeport McMoRan: Announces new capex cuts
Freeport McMoRan: Announces new capex cuts
Published 27 August 2015, 15:52Updated 17 October 2016, 12:31