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FCX Fcx Intl

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Share Name Share Symbol Market Type Share ISIN Share Description
Fcx Intl LSE:FCX London Ordinary Share GB0030756968 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Peru's Cerro Verde 2Q Net $159.6Mln Vs $301.3Mln

30/07/2009 7:26pm

Dow Jones News


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Base metals miner Sociedad Minera Cerro Verde SAA (CVERDEC1.VL) posted second-quarter net income of $159.6 million, compared with $301.3 million in the same quarter a year earlier.

The drop in net income was due to lower revenues tied to weaker copper prices, the company said.

Operating income totaled $408.5 million in the second quarter compared with $687.1 million in the same quarter a year earlier.

The company produced 169.3 million pounds of copper in the second quarter compared with 178.6 million pounds in the same quarter a year earlier.

Cerro Verde is majority controlled by Freeport McMoRan Copper & Gold. (FCX) Compania de Minas Buenaventura SAA (BVN) and a subsidiary of Sumitomo Corp. (8053.TO) also have equity stakes in the company.

-By Robert Kozak, Dow Jones Newswires; 511-221-7050; peru@dowjones.com

 
 

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