Freeport-McMoRan Inc. announced today the appointment of John J. Stephens to its Board of Directors and as a member of the Audit Committee of the Board of Directors. Mr. Stephens, 60, has served as Senior Executive Vice President and Chief Financial Officer of AT&T Inc., a diversified global leader in telecommunications, media and entertainment, and technology, since 2011. He has responsibility for financial planning [...]
Freeport-McMoRan Inc. today declared a cash dividend of $0.05 per share payable on November 1, 2019 to holders of record as of October 15, 2019 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 sale of $600 million aggregate principal amount of its 5.00% Senior Notes due 2027 and $600 million aggregate principal amount of its 5.25% Senior Notes due 2029. FCX intends to use the net proceeds from the $1.2 billion senior notes offering to fund its previously announced make-whole redemption of all of its outstanding $728 million aggregate principal [...]
Freeport-McMoRan Inc. announced today that it has priced $1.2 billion of senior notes . Following is a summary of the two tranches of debt: Description Amount Maturity 5.000% Senior Notes $600 Due September 1, 2027 5.250% Senior Notes $600 Due September 1, 2029 Total $1,200 The sale of the senior notes is expected to settle on August 15, 2019, subject to customary closing conditions. Concurrently with this offering, FCX [...]
Freeport-McMoRan Inc. announced today that notice has been issued to redeem on September 3, 2019, all of its outstanding $728.0 million aggregate principal amount of 6.875% Senior Notes due 2023 , at a make-whole redemption price to be calculated in accordance with the terms of the indenture governing the Redemption Notes, plus accrued and unpaid interest on the Redemption Notes to be redeemed from the last interest [...]
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 the redemption of all of its outstanding 6.875% Senior Notes due 2023 and its concurrent cash tender offers for up to $430.0 [...]
Freeport-McMoRan Inc. : Net loss attributable to common stock totaled $72 million, $0.05 per share, in second-quarter 2019. After adjusting for net charges of $14 million, $0.01 per share, second-quarter 2019 adjusted net loss attributable to common stock totaled $58 million, $0.04 per share. Consolidated sales totaled 807 million pounds of copper, 189 thousand ounces of gold and 24 million pounds of molybdenum in [...]
Freeport-McMoRan Inc. today provided an update on its operations and outlook at PT Freeport Indonesia , affirmed its April 2019 guidance for 2019 consolidated copper and gold sales volumes and provided revised estimates for second-quarter 2019. PT-FI OPERATIONAL UPDATE During second-quarter 2019, PT-FI achieved important milestones with respect to its newly commissioned underground mining operations in the Grasberg [...]
Freeport-McMoRan Inc. today declared a cash dividend of $0.05 per share payable on August 1, 2019 to holders of record as of July 15, 2019 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 an agreement to sell its cobalt refinery in Kokkola, Finland and related cobalt cathode precursor business to Umicore for total consideration of approximately $150 million, plus working capital at the time of close. Under the terms of the agreement, FCX will separate its cobalt business prior to completing the transaction. Umicore will acquire the refinery and cathode precursor [...]
Freeport-McMoRan Inc. : Net income attributable to common stock totaled $31 million, $0.02 per share, in first-quarter 2019. After adjusting for net charges of $36 million, $0.03 per share, first-quarter 2019 adjusted net income attributable to common stock totaled $67 million, $0.05 per share. Consolidated sales totaled 784 million pounds of copper, 242 thousand ounces of gold and 22 million pounds of molybdenum in [...]
Freeport-McMoRan Inc. today declared a cash dividend of $0.05 per share payable on May 1, 2019 to holders of record as of April 15, 2019 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 [...]