Edition:
United States

Freeport-McMoRan Inc (FCX.N)

FCX.N on New York Stock Exchange

11.69USD
12:49pm EDT
Change (% chg)

$-0.01 (-0.09%)
Prev Close
$11.70
Open
$11.70
Day's High
$11.73
Day's Low
$11.52
Volume
1,229,037
Avg. Vol
6,036,780
52-wk High
$17.06
52-wk Low
$9.24

Latest Key Developments (Source: Significant Developments)

Freeport-McMoran completes sale of interest in Tf Holdings for $2.65 bln
Wednesday, 16 Nov 2016 04:10pm EST 

Freeport-McMoran Inc :Freeport-Mcmoran completes sale of interest in TF Holdings Limited for $2.65 billion in cash.  Full Article

Lundin Mining agrees to sell interest in TF Holdings for $1.136 bln
Tuesday, 15 Nov 2016 02:00am EST 

Lundin Mining Corp : Lundin Mining-consideration to be received by company equal to implied value of co's stake in TF Holdings based on deal between Freeport-Mcmoran Inc . Lundin Mining-in connection with deal, Lundin Mining has waived its right of first offer to acquire freeport's indirect interest in tf holdings . Lundin-Termination fee of $100 million, which has been secured by a letter of credit that has been received by co, payable to co in certain circumstances . Lundin Mining has waived its right of first offer to acquire freeport's indirect interest in TF Holding . Lundin-Agreed to sell indirect interest in TF Holdings Ltd to bhr partners affiliate for $1.136 billion in cash and contingent consideration of up to $51.4 million . Lundin -contingent consideration consists of $25.7 million if average copper price exceeds $3.50/pound during 24-month period beginning on Jan 1, 2018 . Lundin -contingent consideration consists of $25.7 million if average cobalt price exceeds $20 per pound, during 24-month period beginning on Jan 1, 2018 .Lundin Mining announces agreement to sell interest in TF Holdings for $1.136 billion.  Full Article

Freeport does not expect to sell more mining assets - CEO
Tuesday, 25 Oct 2016 11:24am EDT 

Freeport-McMoRan : CEO says Congo state miner Gecamines' claim of pre-emptive rights on Tenke mine has no legal basis . Freeport CEO says shortfall in 2016 copper production at its Indonesia operations will be "substantially recovered" in 2017 and "fully recovered" in 2018 . Freeport CEO says does not expect to do any more mining asset sales, may sell more oil and gas assets .Ceo says small increases in copper demand or supply disruptions could move market to deficit.  Full Article

Freeport-Mcmoran expects capex of $2.8 bln in 2016
Tuesday, 25 Oct 2016 08:00am EDT 

Freeport-mcmoran Inc : Freeport-Mcmoran reports third-quarter and nine-month 2016 results .Freeport-Mcmoran inc - capital expenditures are expected to approximate $2.8 billion for year 2016.  Full Article

Sentinel Peak reports acquisition of Freeport-McMoran's onshore California assets
Friday, 14 Oct 2016 08:00am EDT 

Freeport-McMoran Inc : Sentinel Peak Resources announces the acquisition of Freeport-McMoran's onshore California assets for $742 million . Sentinel Peak Resources- has entered agreement with oil and gas subsidiary of Freeport-McMoran Inc to purchase onshore California assets for $592 million .Sentinel Peak Resource -agreement includes additional consideration of up to $150 million payable in certain circumstances.  Full Article

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

More From Around the Web

Photo

Strike impacts Freeport's Grasberg mine, workers 'resigned'

TORONTO Freeport McMoRan Inc said Thursday that mining and milling rates at its Grasberg mine in Papua, Indonesia have been affected by an extended strike, and a "large number" of approximately 4,000 absentee workers were deemed to have resigned.