Freeport investing to mitigate risk from tailings dams: CEO

February 25, 2019

HOLLYWOOD, Fla (Reuters) – Freeport-McMoRan Inc Chief Executive Richard Adkerson said on Monday his company has been investing heavily to mitigate any danger from tailings dams and is “comfortable” with engineering designs in place at existing dams.

“Early on, we recognized this as a major risk area for our company,” Adkerson said at an industry conference in Florida. “Fundamentally, we’re comfortable with the system that we have been putting in place in managing this risk.”

Adkerson’s comments come a month after a Brazilian tailings dam controlled by rival Vale collapsed, killing more than 300.

(Reporting by Ernest Scheyder; Editing by Steve Orlofsky)

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