Freeport to spend $25 million on Timok Exploration for 2014During its January 22, 2014 Earnings Confernce Call, Freeport stated it has budgeted $120 million for mining exploration in 2014. According to is 1/22/14 slide deck, 24%, or $28.8 million, is for "Other Areas" outside of its currently producing mineral districts. See slide #13. Freeport's Investor Relations Dept. subsequently confirmed in an email that Freeport expects to spend approximately $25 million on exploration at Timok in 2014.