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Freeport-McMoRan Inc (FCX.N)

FCX.N on New York Stock Exchange

14.13USD
21 Feb 2017
Change (% chg)

$-0.78 (-5.23%)
Prev Close
$14.91
Open
$14.51
Day's High
$14.52
Day's Low
$13.92
Volume
13,176,918
Avg. Vol
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$17.06
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$6.55

Latest Key Developments (Source: Significant Developments)

Capital Research Global Investors reports 10.5 pct passive stake in Freeport-McMoRan - SEC filing
Tuesday, 11 Oct 2016 12:32pm EDT 

Freeport-McMoRan Inc:Capital Research Global Investors discloses 10.5 percent passive stake in Freeport-McMoRan Inc as of September 30 - SEC filing.  Full Article

Freeport-Mcmoran announces extension of consent solicitations
Friday, 23 Sep 2016 04:42pm EDT 

Freeport-Freeport-Mcmoran Inc: Freeport-Mcmoran announces extension of consent solicitations . Freeport-Mcmoran - extended expiration date for solicitation of consents of outstanding 6.125% senior notes due 2019, 6.50% senior notes due 2020 . Freeport-Mcmoran - extended expiration date to 5:00 p.m., new york city time, on September 28, 2016 .Freeport-Mcmoran - extended expiration date for solicitation of consents from holders of 6.625% senior notes due 2021, 6.75% senior notes due 2022.  Full Article

China Molybdenum Co Ltd updates on acquisition of Freeport-Mcmoran Inc's copper and cobalt businesses<603993.SS>
Monday, 8 Aug 2016 10:45am EDT 

China Molybdenum Co Ltd <603993.SS>: Update on the acquisition of freeport-mcmoran inc.'s copper and cobalt businesses <3993.HK> . Approved resolution in relation to plan of material asset acquisition (acquisition of overseas copper and cobalt businesses) of China Molybdenum .  Full Article

Freeport-McMoRan says entered into a distribution agreement
Wednesday, 27 Jul 2016 04:59pm EDT 

Freeport-McMoRan Inc : Says entered into a distribution agreement, pursuant to it co may offer and sell shares of common stock - sec filing .Says may offer and sell shares of common stock having gross proceeds of up to $1.5 billion from time to time.  Full Article

Freeport-McMoRan has 'turned corner,' may not need to sell more assets-CEO
Tuesday, 26 Jul 2016 11:58am EDT 

Freeport-McMoRan : CEO says won't start spending money on big capital projects until the market justifies it . says discussions with indonesia government on extending its long-term contract of work have been "constructive" . says does not believe indonesia will go through with banning all exports of non-processed copper concentrate from 2017; ban will harm economy . says feels company has 'turned corner,' can see future without further asset sales . Says it will only sell stake in indonesia copper, gold assets at fair value - chief executive richard adkerson . says in ongoing talks on asset sales but 'there is no requirement' to make further sales or raise equity . says has clear-cut path to get finances to where it wants them while holding onto highest quality assets . says copper headed for higher prices as existing mines produce less, lack of investment in new projects . says Cerro Verde copper mine in Chile is a core asset that it needs to keep . says will announce major further mill expansion at its Morenci copper mine in the U.S., although not in the near term .says has assurances from Indonesia government that it will get the export permit it needs by Aug 8.  Full Article

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

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Freeport warns of arbitration as Indonesia mining dispute escalates

JAKARTA U.S. mining giant Freeport-McMoRan Inc warned on Monday it could take the Indonesian government to arbitration and seek damages over a contractual dispute that has halted operations at the world's second-biggest copper mine.