Lates News

The stock of Freeport-McMoRan Copper & Gold Inc., a component of the S&P 500 Index, plummeted 10.6% in early trading on Wednesday, after the company confirmed that a mudslide accident at its Grasberg Block Cave mine in Indonesia on September 8 had resulted in the deaths of two workers, with five others still missing. The company expects to only be able to restore production levels to pre-accident levels by 2027, with copper and gold production in 2026 expected to decrease by approximately 35% compared to previous estimates.