Freeport-McMoRan Inc. announced today that it has commenced cash tender offers 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 for an aggregate purchase price up to $800 million , subject to the acceptance priorities set forth in the table below and the 2024 SubCap [...]
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 [...]
Freeport-McMoRan Inc. today provided an update on its second quarter operational and financial performance and ongoing response to the COVID-19 pandemic. In April 2020, FCX announced revised operating plans in response to the global COVID-19 pandemic and resulting negative impact on the global economy. The Company is executing the revised operating [...]
Freeport-McMoRan Inc. today announced the publication of its 2019 Annual Report on Sustainability, “Building on Strength.” This report details the company’s long-standing commitment to manage responsibly our environmental, social and governance performance. FCX is committed to prioritizing the health, safety and well-being of its workforce and host [...]
Freeport-McMoRan Inc. today announced that it has posted its press release outlining its revised operating plans in response to the COVID-19 pandemic and its first-quarter 2020 financial and operating results on the Investor Relations page of its website at https://investors.fcx.com/investors/news-releases. This press release features multimedia [...]
Freeport-McMoRan Inc. today announced that it will release revised operating plans in response to the COVID-19 pandemic and first-quarter 2020 financial and operating results before the market opens on Friday, April 24, 2020, and will host a conference call with securities analysts on the same day at 10:00 a.m. Eastern Time to discuss the revised [...]
Freeport-McMoRan Inc. announced today that the Peruvian Government has extended the declaration of a National Emergency until April 26, 2020, associated with the Peruvian government’s efforts to contain the outbreak of COVID-19. Cerro Verde is conducting limited operations in accordance with the government order and is completing actions to provide [...]
Freeport-McMoRan Inc. announced today that the Peruvian Government has extended the declaration of a National Emergency to April 12, 2020, associated with the Peruvian government?s efforts to contain the outbreak of COVID-19. Cerro Verde is engaged in discussions with Peruvian government authorities regarding health protocols which would enable [...]
Freeport-McMoRan Inc. announced today that in response to the COVID-19 pandemic and resulting global economic uncertainties, its Board of Directors will suspend the quarterly cash dividend of $0.05 per share previously planned for May 1, 2020. The declaration and payment of future dividends is at the discretion of the Board and will depend on [...]
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 [...]
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 [...]
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 [...]
