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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Freeport-McMoRan Inc. announced today the early tender results of its previously announced cash tender offers to purchase up to $1.5 billion aggregate purchase price of its 3.55% Senior Notes due 2022, 3.875% Senior Notes due 2023 and 4.55% Senior Notes due 2024 . Based on information received from D.F. King & Co., Inc., the Tender and Information [...]
Freeport-McMoRan Inc. today announced that it has posted its second-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 [...]
Freeport-McMoRan Inc. announced today that it has amended its previously announced tender offers to increase the aggregate purchase price from up to $800 million to $1.5 billion that it may use to purchase a portion of its outstanding 3.55% Senior Notes due 2022, 3.875% Senior Notes due 2023 and 4.55% Senior Notes due 2024 , upon the terms and [...]
Freeport-McMoRan Inc. announced today that it has priced an upsized offering of $1.5 billion of senior notes . The offering size was increased to $1.5 billion from the previously announced $800 million aggregate principal amount. Following is a summary of the two tranches of debt: Description Amount Maturity 4.375% Senior Notes $650.0 Due August 1 [...]
