Freeport-McMoRan cuts mining estimates

PHOENIX - Mining giant Freeport-McMoRan Copper & Gold Inc. reduced its sales estimates Wednesday of copper and gold due to an unspecified failure at subsidiary PT Freeport Indonesia. No injuries or property damage were reported in what Freeport-McMoRan described as a "small-scale failure" at an open pit. Mining and milling activities at the site are continuing, but access to one section will be restricted until... [read full story]