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Freeport-McMoRan Inc (FCX.N)

FCX.N on New York Stock Exchange

13.77USD
16 Aug 2018
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$0.11 (+0.81%)
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Latest Key Developments (Source: Significant Developments)

Freeport-Mcmoran Says Co, Its Units Entered Into A New Revolving Credit Agreement With JPMorgan Chase Bank, Other Issuing Banks & Lenders
Monday, 23 Apr 2018 06:46am EDT 

April 23 (Reuters) - Freeport-McMoRan Inc ::FREEPORT-MCMORAN SAYS ON APRIL 20, CO, ITS UNITS ENTERED INTO A NEW REVOLVING CREDIT AGREEMENT WITH JPMORGAN CHASE BANK, OTHER ISSUING BANKS & LENDERS.FREEPORT-MCMORAN INC - NEW REVOLVING CREDIT FACILITY REPLACES CO'S EXISTING REVOLVING CREDIT AGREEMENT DATED AS OF FEBRUARY 14, 2013.FREEPORT-MCMORAN - CREDIT FACILITY PROVIDES FOR 5-YEAR, UNSECURED REVOLVING CREDIT FACILITY, UNDER WHICH CO, UNITS MAY OBTAIN LOANS OF UP TO $3.5 BILLION.FREEPORT-MCMORAN SAYS NEW REVOLVING CREDIT FACILITY MATURES ON APRIL 20, 2023 - SEC FILING.  Full Article

Freeport-McMoRan Declares Quarterly Cash Dividend On Common Stock
Wednesday, 28 Mar 2018 08:30am EDT 

March 28 (Reuters) - Freeport-McMoRan ::DECLARES QUARTERLY CASH DIVIDEND ON COMMON STOCK.SETS QUARTERLY CASH DIVIDEND OF $0.05PER SHARE.  Full Article

Freeport-McMoRan Announces Redemption Of Two Series Of Senior Notes
Monday, 5 Mar 2018 10:59am EST 

March 5 (Reuters) - Freeport-McMoRan Inc ::FREEPORT-MCMORAN ANNOUNCES REDEMPTION OF TWO SERIES OF SENIOR NOTES.FREEPORT-MCMORAN - TO REDEEM ON APRIL 4, $454 MILLION TOTAL PRINCIPAL AMOUNT OF CO'S AND FREEPORT-MCMORAN OIL & GAS LLC'S SENIOR NOTES.FREEPORT-MCMORAN INC - THE AGGREGATE CASH INTEREST COST SAVINGS WOULD APPROXIMATE $30 MILLION PER ANNUM.FREEPORT-MCMORAN INC - EXPECTS TO RECORD A GAIN TO NET INCOME OF APPROXIMATELY $10 MILLION IN Q2 OF 2018 IN CONNECTION WITH REDEMPTIONS.  Full Article

Northisle Forms Joint Venture With Freeport-Mcmoran Mineral Properties Canada
Monday, 26 Feb 2018 07:59am EST 

Feb 26 (Reuters) - Northisle Copper And Gold Inc ::NORTHISLE FORMS A JOINT VENTURE WITH FREEPORT-MCMORAN MINERAL PROPERTIES CANADA INC ON ITS PEMBERTON HILLS COPPER PROPERTY.NORTHISLE COPPER AND GOLD - ‍UNDER JV TERMS, FREEPORT MAY EARN UP TO 65% INTEREST IN PEMBERTON PROPERTY BY FUNDING CAD24 MILLION EXPLORATION EXPENDITURES​.NORTHISLE COPPER AND GOLD - UPON COMPLETION OF FIRST OPTION, A JOINT VENTURE CO TO BE FORMED TO OPERATE PROPERTY UNDER SHAREHOLDER'S AGREEMENT.  Full Article

Carl Icahn Now Owns 4.14 Pct Stake In Freeport-McMoRan
Thursday, 15 Feb 2018 05:20pm EST 

Feb 15 (Reuters) - Freeport-Mcmoran Inc ::CARL ICAHN SAYS NOW OWNS 4.14 PERCENT STAKE IN FREEPORT-MCMORAN INC AS OF FEB 14 - SEC FILING.CARL ICAHN SAYS HAD PREVIOUSLY REPORTED A STAKE OF 5.33 PERCENT STAKE IN FREEPORT-MCMORAN INC AS OF NOVEMBER 14, 2017.  Full Article

Carl Icahn cuts shared share stake in Freeport-Mcmoran
Tuesday, 14 Nov 2017 05:11pm EST 

Nov 14 (Reuters) - :Carl Icahn cuts shared share stake in Freeport-Mcmoran Inc by 15.8 percent to 77.16 million Class B shares - SEC filing.Change in holdings are as of Sept 30, 2017 and compared with the previous quarter ended as of June 30, 2017.  Full Article

Freeport-McMoRan announces redemption of two series of senior notes
Thursday, 9 Nov 2017 09:00am EST 

Nov 9 (Reuters) - Freeport-McMoRan Inc :Freeport-McMoRan announces redemption of two series of senior notes.Freeport-McMoRan Inc - ‍notices have been issued to redeem on December 11, 2017, $617 million aggregate principal amount of FCX and FMOG senior notes​.Freeport-McMoRan Inc - ‍FCX expects to record a gain to net income of approximately $15 million in Q4 of 2017 in connection with redemptions​.  Full Article

Freeport-McMoRan reports Q3 earnings per share $0.19
Wednesday, 25 Oct 2017 08:00am EDT 

Oct 25 (Reuters) - Freeport-McMoRan Inc :Freeport-McMoRan reports third-quarter and nine-month 2017 results.Q3 earnings per share $0.19.Q3 earnings per share view $0.31 -- Thomson Reuters I/B/E/S.Q3 adjusted earnings per share $0.34.Freeport-McMoRan Inc - ‍Capital expenditures totaled $308 million (including approximately $200 million for major mining projects) for third-quarter 2017​.Freeport-McMoRan Inc - ‍consolidated sales for year 2017 are expected to approximate 3.7 billion pounds of copper, 1.6 million ounces of gold​.Freeport-McMoRan Inc qtrly average realized price was $2.94‍​ per pound for copper versus $2.19 per pound.Freeport-McMoRan Inc - ‍At September 30, 2017, consolidated debt totaled $14.8 billion, compared with $16.0 billion at December 31, 2016​.Freeport-McMoRan - Capex for 2017 expected to about $1.5 billion, including $0.7 billion for development activities in grasberg minerals district in indonesia.Freeport-McMoRan Inc - Third-quarter 2017 copper sales of 932 million pounds were 16 percent lower than third-quarter 2016 sales of 1.1 billion pounds‍​.Freeport-McMoRan Inc qtrly average realized price was $‍​1,290 per ounce for gold versus $1,327 per ounce.Freeport-McMoRan Inc - Qtrly revenue $‍4,310​ million versus $3,877 million.Freeport-McMoRan Inc - Third-quarter 2017 gold sales of 355 thousand ounces were higher than third-quarter 2016 sales of 317 thousand ounces‍​.Freeport-McMoRan Inc - Incurred ‍net charges of $212 million, $0.15 per share, in quarter​.  Full Article

Freeport-McMoRan announces framework for agreement with Indonesian government regarding long-term operating rights for PT Freeport Indonesia
Tuesday, 29 Aug 2017 08:00am EDT 

Aug 29 (Reuters) - Freeport-McMoRan Inc :Freeport-McMoRan announces framework for agreement with indonesian government regarding long-term operating rights for PT Freeport Indonesia.Freeport-McMoRan Inc- ‍PT-FI will convert its contract of work to special license which will provide PT-FI with long-term operating rights through 2041​.Freeport-McMoRan Inc- ‍PT-FI will commit to construct a new smelter in Indonesia within five years​.Freeport-McMoRan Inc- ‍Indonesian government will provide certainty of fiscal and legal terms during term of IUPK​.Freeport-McMoRan Inc- ‍FCX will agree to divest ownership in PT-FI at fair market value so that Indonesia interests own 51 percent of PT-FI's shares​.Freeport-McMoRan Inc- ‍Divestment of ownership in PT-FI will be structured so that FCX will retain control over operations and governance of PT-FI​.Freeport-McMoRan Inc- ‍FCX and government of Indonesia reached understanding on a framework to support PT-FI's long-term investment plans in Papua​.  Full Article

Freeport-McMoRan announces redemption of five series of senior notes
Friday, 18 Aug 2017 09:06am EDT 

Aug 18 (Reuters) - Freeport-McMoRan Inc :Freeport-McMoRan announces redemption of five series of senior notes.Freeport-McMoRan Inc - ‍expects to record a gain to net income of approximately $11 million in q3 of 2017 in connection with redemptions.​.Freeport - ‍notices have been issued to redeem $543 million of two series of co's senior notes, three series of Freeport-McMoRan Oil & Gas LLC senior notes.Freeport-McMoRan - ‍aggregate cash interest cost savings would approximate $35 million per annum related to notes redemptions​.  Full Article

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Indonesia issues new tax rules as Freeport seeks fiscal guarantee

JAKARTA Indonesia's president has issued new tax regulations aimed at providing clarity for mining companies shifting their current contracts to special mining permits, in a move that could help cement a $3.9 billion deal with Freeport McMoran Inc.