Freeport-McMoRan reports Q2 net loss, shares fall

US-based diversified miner Freeport-McMoRan (FCX) on Thursday reported a net loss of $1.85-billion for the second quarter of the year, compared with the net income of $482-million achieved in the second quarter of the previous year. FCX’s net loss for the second quarter included net charges of $2-billion, reflecting the write-down of the carrying value of the company's oil and gas properties.