Freeport-McMoRan Inc. announced today that its Board of Directors has reinstated a cash dividend on its common stock at an annual rate of $0.30 per share. FCX's previous cash dividend on its common stock was $0.20 per share prior to suspending these payments in April 2020 in connection with its comprehensive response to the global pandemic. The Board intends to declare a quarterly dividend of $0.075 per share, with the [...]
Freeport-McMoRan Inc. today announced that Gerald J. Ford, non-executive Chairman of the Board of Directors, will retire as a director effective upon the expiration of his current term, which ends in June 2021. In light of his impending retirement, Mr. Ford has stepped down as non-executive Chairman. The Board has appointed Richard C. Adkerson as Chairman of the Board. Mr. Adkerson will also continue to lead the company [...]
Freeport-McMoRan Inc. today announced that it has posted its fourth-quarter and year ended 2020 financial and operating results press release on the Investor Relations page of its website at https://investors.fcx.com/investors/news-releases. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210126005624/en/ As previously indicated on its website, FCX will host a [...]
Freeport-McMoRan Inc. announced today with great sadness that James Robert “Jim Bob” Moffett of Austin, Texas passed away at the age of 82. Mr. Moffett served as Chairman of Freeport-McMoRan from 1984-2015 and CEO from 1984-2003. Mr. Moffett co-founded McMoRan Exploration Co. in 1969 with B. M. “Mack” Rankin, Jr. and W. K. McWilliams . In 1981, under Mr. Moffett’s leadership, McMoRan merged with Freeport Minerals Company [...]
Freeport-McMoRan Inc. announced today that it has completed a sale of its interests in the Kisanfu undeveloped project to a wholly owned subsidiary of China Molybdenum Co., Ltd. for $550 million. After-tax net cash proceeds approximate $415 million. The Kisanfu project, located in the Democratic Republic of Congo, is a large, undeveloped cobalt and copper resource discovered by Freeport’s exploration team. Following [...]
Freeport-McMoRan Inc. is pleased to announce the Copper Mark has been awarded to its first three sites: the Cerro Verde mine in Peru, the El Abra mine in Chile and the Atlantic Copper smelter and refinery in Spain. The Copper Mark is a new, comprehensive assurance framework that promotes responsible production practices and demonstrates the industry’s contribution to the United Nations Sustainable Development Goals. It is [...]
Freeport-McMoRan Inc. today announced that it has posted its third-quarter 2020 financial and operating results press release on the Investor Relations page of its website at https://investors.fcx.com/investors/news-releases. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201022005621/en/ As previously indicated on its website, FCX will host a conference call [...]
Freeport-McMoRan Inc. is pleased to announce that Stephen T. “Steve” Higgins, Senior Vice President and Chief Administrative Officer of FCX, has been elected Chairman of the International Copper Association and Chairman of the London Metal Exchange's Copper Committee. Steve is a key member of FCX’s senior executive team and a long-term leader in the global copper industry. During his career, he has built strong commercial [...]
Freeport-McMoRan Inc. today announces its commitment to the Copper Mark. The Copper Mark is a new, comprehensive assurance framework that demonstrates the industry’s responsible production practices and contribution to the United Nations Sustainable Development Goals . It is the first and only framework developed specifically for the copper industry and enables each site to demonstrate to customers, investors and other [...]
Freeport-McMoRan Inc. is pleased to announce that Richard C. Adkerson, Vice Chairman of the Board, President and Chief Executive Officer, has been elected Chair of International Council on Mining and Metals . As a founding member of the ICMM, FCX has played an active role in many key initiatives of ICMM through the years. Richard became a member of Council in 2005 and served as Chair from 2008-2011. He also led FCX’s [...]
Freeport-McMoRan Inc. announced today the appointment of Joshua F. “Josh” Olmsted as President and Chief Operating Officer – Americas upon the retirement of Harry M. “Red” Conger, IV . Following a successful 33-year career with Freeport-McMoRan, Red Conger has elected to retire effective September 1, 2020. Josh Olmsted currently serves as Senior Vice President – Americas. He has 28 years of experience in the [...]
Freeport-McMoRan Inc. announced today that it has completed the sale of $650 million aggregate principal amount of its 4.375% Senior Notes due 2028 and $850 million aggregate principal amount of its 4.625% Senior Notes due 2030. FCX intends to use the net proceeds from the offering to fund its previously announced cash tender offers for up to $1.5 billion aggregate purchase price of its 3.55% Senior Notes due 2022, 3.875 [...]
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