Freeport-McMoRan reports narrowed loss in Q2, half-year results

US-based multicommodity producer Freeport-McMoRan reported a net loss of $479-million, or $0.38 a share, for the second quarter of 2016, and a net loss of $4.7-billion, or $3.70 a share, for the first six months of 2016. This reflects a narrowed loss, year on year, when compared with the net loss of $1.85-billion, or $1.78 a share, recorded for the second quarter of 2015 and the net loss of $4.3-billion, or $4.16 a share, recorded for the first six months of 2015.