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Freeport stems the losses

Cost cutting and asset sales restore profitability

Daniel Gleeson
An expansion of operations at Cerro Verde in Peru has boosted Freeport's production

An expansion of operations at Cerro Verde in Peru has boosted Freeport's production

Operating cash flows are on the up and its US$19 billion debt pile is expected to fall by $5 billion in the December quarter, according to Freeport, meaning the Phoenix-based company is back on the ascent....

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