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Crude price collapse leaves Freeport to rue oil & gas acquisitions

Monday, January 26, 2015 - 05:50


INVESTORS were upset two years ago when Freeport-McMoRan Inc, the world's biggest publicly traded copper miner, announced a US$9 billion debt-fuelled purchase of two oil and natural gas producers. Turns out they were right to be.

At the time, the Phoenix-based company said

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