Freeport’s risky energy move highlights copper woes

Freeport-McMoRan Copper & Gold’s decision to diversify into energy highlights the dearth of attractive options available in copper, its main business, but few competitors are likely to follow its lead into unfamiliar territory.

Unlike many miners, Freeport - the world’s largest listed copper producer - has roots in oil and gas. That made it easier for the US-based miner to take its leap of faith in search of high margins.

via Business feed http://www.scmp.com/business/companies/article/1098851/freeports-risky-energy-move-highlights-copper-woes