Freeport-McMoRan Inc.

Freeport-McMoRan Inc. announced today that the Peruvian Government has issued a Supreme Decree and declaration of a National Emergency in its efforts to contain the outbreak of COVID-19. To comply with the Government’s requirements, Cerro Verde has temporarily transitioned to a care and maintenance status for a 15-day period which commenced on March 16, 2020. During this period, onsite personnel will be limited to [...]

Freeport-McMoRan Inc. announced today continued progress in growing copper and gold volumes by 30 - 40 percent, reducing net unit cash costs of copper by 25 percent to approximately $1.30 per pound and more than doubling cash flows by 2021 compared with 2019. The Company remains focused on increasing volumes from its underground orebodies in Papua, Indonesia. Quarter-to-date through March 5, 2020, production from the [...]

Freeport-McMoRan Inc. announced today that it has completed the sale of $700 million aggregate principal amount of its 4.125% Senior Notes due 2028 and $600 million aggregate principal amount of its 4.250% Senior Notes due 2030. FCX intends to use the net proceeds from the $1.3 billion senior notes offering and cash on hand to fund its purchase of: Series of Notes Purchase Method CUSIP Number Aggregate Principal Amount [...]

Freeport-McMoRan Inc. announced today that it has amended its previously announced tender offers to increase the aggregate purchase price from $800 million to $1.1 billion that it may use to purchase a portion of its outstanding 4.00% Senior Notes due 2021, 3.55% Senior Notes due 2022, 3.875% Senior Notes due 2023 and 4.55% Senior Notes due 2024 , upon the terms and conditions set forth in the Offer to Purchase, dated [...]

Freeport-McMoRan Inc. announced today that it has priced an upsized offering of $1.3 billion of senior notes . The offering size was increased to $1.3 billion from the previously announced $1.0 billion aggregate principal amount. Following is a summary of the two tranches of debt: Description Amount Maturity 4.125% Senior Notes $700 Due March 1, 2028 4.250% Senior Notes $600 Due March 1, 2030 Total $1,300 The sale of the [...]

Freeport-McMoRan Inc. announced today that it has commenced cash tender offers to purchase a portion of its outstanding 4.00% Senior Notes due 2021, 3.55% Senior Notes due 2022, 3.875% Senior Notes due 2023 and 4.55% Senior Notes due 2024 for an aggregate purchase price up to $800 million , subject to the acceptance priorities set forth in the table below. Series of Notes CUSIP Number Aggregate Principal Amount [...]

Freeport-McMoRan Inc. announced today that it intends to offer, subject to market and other conditions, senior notes in two tranches in an underwritten registered public offering. FCX intends to use the net proceeds from the offering and, if necessary, cash on hand or available liquidity to fund its concurrent cash tender offers for up to $800 million aggregate purchase price of its 4.00% Senior Notes due 2021 , 3.55 [...]

Freeport-McMoRan Inc. : Net income attributable to common stock totaled $9 million, less than $0.01 per share, in fourth-quarter 2019. After adjusting for net charges of $22 million, $0.02 per share, fourth-quarter 2019 adjusted net income attributable to common stock totaled $31 million, or $0.02 per share. Consolidated sales totaled 906 million pounds of copper, 317 thousand ounces of gold and 22 million pounds of [...]

Freeport-McMoRan Inc. today declared a cash dividend of $0.05 per share payable on February 3, 2020 to holders of record as of January 15, 2020 for its common stock. FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX is one of the world's largest [...]

Freeport-McMoRan Inc. announced today that it has completed the previously announced sale of its cobalt refinery in Kokkola, Finland and related cobalt cathode precursor business to Umicore for total cash consideration of approximately $200 million, including approximately $50 million of working capital. Under the terms of the agreement, FCX separated its cobalt business and Umicore acquired the refinery and cathode [...]