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Freeport-McMoRan Inc (FCX.N)

FCX.N on New York Stock Exchange

15.75USD
9 Dec 2016
Change (% chg)

$0.15 (+0.96%)
Prev Close
$15.60
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$15.80
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$15.57
Volume
4,794,986
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Latest Key Developments (Source: Significant Developments)

Freeport-McMoRan reports Q2 adjusted loss per share $0.02
Tuesday, 26 Jul 2016 08:40am EDT 

Freeport-McMoRan Inc : Q2 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S . Q2 adjusted loss per share $0.02 . Freeport-McMoRan Inc - capital expenditures totaled $833 million for second-quarter 2016 . Freeport-McMoRan Inc - sales volumes for year 2016 are expected to approximate 5.0 billion pounds of copper , 1.7 million ounces of gold . Freeport-McMoRan Inc - sales volumes for year 2016 are expected to approximate 76 million pounds of molybdenum and 47.4 mmboe . Freeport-McMoRan - second-quarter 2016 consolidated copper sales totaled 1.1 billion pounds, higher than second-quarter 2015 sales of 964 million pounds . Second-Quarter 2016 consolidated gold sales of 156 thousand ounces, lower than q2 2015 sales of 352 thousand ounces . Freeport-McMoRan-Sales volumes for q3 expected to approximate 1.3 billion pounds copper , 410 thousand ounces gold, 20 million pounds molybdenum, 11.4 mmboe . Freeport-McMoRan - based on current sales volume and cost estimates, cash production costs are expected to approximate $15.50 per boe for year 2016. . Qtrly revenue $3.33 billion versus $3.94 billion . Q2 revenue view $3.70 billion -- Thomson Reuters I/B/E/S . Freeport-McMoRan inc - capital expenditures are expected to approximate $3.1 billion for the year 2016 . Freeport-McMoRan inc - at june 30, 2016, fcx had no borrowings and $3.5 billion available under its $3.5 billion revolving credit facility..  Full Article

China Molybdenum updates on approval for acquisition of Freeport McMoRan-inc.'s copper and cobalt business<3993.HK><603993.SS>
Friday, 8 Jul 2016 09:04am EDT 

China Molybdenum Co Ltd <603993.SS>: Approval from NDRC and mofcom anti-monopoly bureau for acquisition of Freeport McMoRan-inc.'s copper and cobalt business <3993.HK> . Says filing acceptance notification has been obtained from the national development and reform commission of PRC .  Full Article

Freeport-Mcmoran says entered privately negotiated share exchange agreements
Friday, 24 Jun 2016 08:02am EDT 

Freeport : Mcmoran inc says entered into privately negotiated share exchange agreements to exchange certain of outstanding notes for shares of co .Mcmoran says agreed to issue aggregate of 19.9 million shares and about $3.1 million in cash, in exchange for aggregate of $268.5 million in senior notes.  Full Article

Freeport-McMoRan amends, restates laws to eliminate office of chairman structure
Thursday, 9 Jun 2016 05:21pm EDT 

Freeport-McMoRan Inc :Effective June 8, board amended, restated laws to eliminate office of chairman structure.  Full Article

Citic said among bidders in talks for Freeport Americas stake - Bloomberg
Friday, 27 May 2016 02:49am EDT 

: Citic said among bidders in talks for Freeport Americas stake - Bloomberg citing sources . Freeport Americas stake which may comprise about 20 pct of Freeport’s assets in the Americas, could fetch about $2 billion - Bloomberg citing sources .Freeport is in discussions with at least one another investor group for Americas stake - Bloomberg.  Full Article

Freeport-Mcmoran says reductions in Freeport-Mcmoran oil & gas' commitments total about $350 mln
Tuesday, 24 May 2016 06:28am EDT 

Freeport-Mcmoran Inc : Reductions in Freeport-Mcmoran oil & gas' commitments for previously contracted deepwater drill ships total about $350 million . Evaluating opportunities for transactions, which may include open market purchases of debt, debt for debt exchanges .Opportunities for transactions may also include privately negotiated exchanges of debt for equity or equity-linked securities.  Full Article

Noble Corp enters distribution agreement with Freeport-Mcmoran Inc - SEC filing
Wednesday, 18 May 2016 06:24am EDT 

Noble Corp : On may 16, Noble Drilling (U.S.) LLC entered into a distribution agreement with Freeport-Mcmoran Inc - SEC filing . Noble Drilling U.S. Llc expects to immediately divest shares of freeport common stock as they are received .Settlement agreement requires that Noble Drilling (U.S.) receive full $540 million settlement amount before end of June 2016 - SEC filing.  Full Article

Noble corporation announces agreement with Freeport-Mcmoran
Tuesday, 10 May 2016 10:00am EDT 

Noble Corporation Plc : Noble Corporation Plc announces agreement with Freeport-Mcmoran . Noble to receive $540 million payment plus potential $75 million in contingent payments . Deal for $540 millio . In addition, noble can receive additional contingent payments from freeport of $25 million and $50 million . Expects to realize over $100 million in direct cost savings as a result of contract terminations through crew reductions and stacking procedure . Agreement in connection with drilling contracts for drillships noble sam croft and noble tom madden . Noble also expects to realize over $100 million in direct cost savings . Freeport can make $540 million payment through a combination of cash, freeport shares and up to $200 million in near-term noble bonds .Pursuant to agreement, drilling contracts will be terminated, with operations ceasing as soon as practicable.  Full Article

Lundin Mining receives notice of right of first offer on Tenke Fungurume
Monday, 9 May 2016 07:30pm EDT 

Lundin Mining Corp : Lundin Mining receives notice of right of first offer on Tenke Fungurume . Says acknowledges that Freeport-McMoran agreed to sell its interest in TF Holdings to china Molybdenum Co Ltd. .Says currently in process of reviewing formal ROFO notice that was received from Freeport.  Full Article

Freeport-Mcmoran: CMOC to pay termination fee if purchase pact falls through
Monday, 9 May 2016 05:36pm EDT 

Freeport McMoran : McMoran - if stock purchase agreement is terminated, CMOC Ltd would be required to pay co's unit termination fee of $132.5 million - sec filing .McMoran - if agreement terminated by exercise of rofo by THL, co's unit to pay CMOC Ltd a termination fee of $20 million.  Full Article

Deals of the day-Mergers and acquisitions

Nov 23 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday: