Freeport-McMoRan fails financial soundness test
Freeport-McMoRan fails financial soundness test Company must meet financial assurance rules or start reclamation By Harry Browne, GRIP Treasurer/Secretary On March 18, New Mexico’s Mining and Minerals Division (MMD) sent Freeport-McMoRan (FCX) a shocking letter. “Unless the Third-Party Guarantee(s) are adjusted to meet the financial soundness test,” the division’s director, Fernando Martinez, wrote, “or (are) […]