TORONTO, Oct 25 (Reuters) - Freeport-McMoRan Inc FCX.N , the world's second largest publicly-listed copper miner by valuation, reported an increase in third-quarter adjusted profits on Wednesday, buoyed by a big jump in copper prices.
The Arizona-based company also said it was encouraged by continued progress in negotiations with Indonesia to secure a new permit for its Grasberg copper and gold mine. The company has not announced any developments on a framework agreement since it was announced in late August.
For the three month period to end September, Freeport reported an adjusted profit of $492 million, or 34 cents a share, compared to an adjusted profit of $178 million, or 13 cents a share in the same period last year.
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Last
$116.02 |
Change
-1.470(1.25%) |
Mkt cap ! $42.98B | |||
| Open | High | Low | Value | Volume |
| $117.30 | $117.36 | $115.72 | $44.01M | 377.3K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8 | $116.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.03 | 218 | 13 |
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| RIO (ASX) Chart |