'Freeport Probed by SEC Over Quake Risk at Indonesia Copper Plant' - Bloomberg
Portfolio Pulse from Benzinga Newsdesk
The US SEC is investigating Freeport-McMoRan Inc. for potentially failing to disclose earthquake risks to its $3.7 billion copper smelter in Indonesia.
October 31, 2024 | 1:23 pm
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Freeport-McMoRan Inc. is under investigation by the SEC for possibly not disclosing earthquake risks to its new copper smelter in Indonesia.
The SEC investigation into Freeport-McMoRan's potential non-disclosure of earthquake risks could lead to regulatory penalties or reputational damage, negatively impacting its stock price in the short term.
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