Freeport-McMoran (FCX -1.9%) cuts its already slashed production estimates due to the ongoing...

|By:, SA News Editor

Freeport-McMoran (FCX -1.9%) cuts its already slashed production estimates due to the ongoing strike at its Papua, New Guinea mine. Estimating production rates at 75% of normal one month ago, "we're going to have to adjust that downward," says the CEO, as work has come to a complete stoppage since October 22.