Freeport-McMoRan Inc.

Freeport-McMoRan Inc. (NYSE: FCX): Net loss attributable to common stock totaled $3.8 billion, $3.58 per share, for third-quarter 2015. After adjusting for net charges totaling $3.7 billion, $3.43 per share, third-quarter 2015 adjusted net loss attributable to common stock totaled $156 million, $0.15 per share. Consolidated sales totaled 1.0 billion pounds of copper, 294 thousand ounces of gold, 23 million pounds of [...]

Freeport-McMoRan Inc. (NYSE: FCX) announced today that PT Freeport Indonesia (PT-FI) and the Government of Indonesia have engaged in productive discussions regarding PT-FI's long term operating rights and investment plans. The Government is currently developing economic stimulus measures which include revisions to mining regulations to promote economic and employment growth. In consideration of PT-FI's major investments [...]

Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has entered into an agreement with Carl C. Icahn and his affiliates. In connection with this agreement, Andrew Langham and Courtney Mather have been appointed to FCX’s Board of Directors. With these additions, the FCX Board is comprised of eleven directors, nine independent directors and two executive directors. Andrew Langham has been General Counsel of [...]

Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has reduced the size of its Board from sixteen to nine members and is undertaking a review of strategic alternatives for its oil and gas business, following constructive discussions with many of its largest shareholders. The reconstituted FCX Board is comprised of seven independent directors: Gerald J. Ford (Lead Independent Director), Robert A. Day, Lydia H [...]

Freeport-McMoRan Inc. (NYSE: FCX) today declared a cash dividend of $0.05 per share payable on November 2, 2015 to holders of record as of October 15, 2015 for its common stock. FCX is a premier U.S.-based natural resources company with an industry-leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. FCX is the world's largest publicly traded copper producer [...]

Freeport-McMoRan Inc. (NYSE:FCX) announced today positive drilling results from the Freeport-McMoRan Oil & Gas (FM O&G) 100-percent-owned Horn Mountain Deep well in the Deepwater Gulf of Mexico (GOM). Initial production from this well, which will be tied back to existing facilities, is expected in first half 2017. This well, combined with two follow on development wells at Horn Mountain Deep, may be capable of producing [...]

Freeport-McMoRan Inc. (NYSE: FCX) announced today the completion of its at-the-market offering of common stock announced on August 10, 2015. FCX raised $1 billion in gross proceeds through the sale of 96.7 million shares of FCX common stock in open market transactions since August 10, 2015. The shares were issued pursuant to FCX’s shelf registration statement. FCX also announced today that it has filed with the [...]

After the close of the market on August 27, 2015, Carl Icahn filed a Schedule 13D regarding the acquisition of interests in Freeport-McMoRan Inc. (NYSE: FCX). FCX maintains an open dialogue with our shareholders and welcomes constructive input toward our common goal of enhancing shareholder value. Earlier today, FCX announced revised capital and operating plans in response to the recent decline in commodity prices [...]

Freeport-McMoRan Inc. (NYSE: FCX): 25% reduction ($700 million) in estimated 2016 Mining capital expenditures Projected consolidated 2016 capital expenditures for Mining and Oil & Gas estimated at $4.0 billion 29% reduction from July 2015 estimates. Reduction in copper sales of 150 million pounds per year in 2016e and 2017e 20% reduction in estimated 2016 unit site production and delivery costs compared with 2015e [...]

Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has filed with the Securities and Exchange Commission a prospectus supplement under which it may offer and sell shares of common stock having aggregate gross proceeds of up to $1 billion from time to time through J.P. Morgan Securities LLC, as its sales agent. Sales of the common stock, if any, would be made by means of ordinary brokers’ transactions or block [...]