Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has entered into a definitive agreement to sell its 80 percent ownership interest in the Candelaria/Ojos del Salado copper mining operations and supporting infrastructure to Lundin Mining Corp. (TSX:LUN)(OMX:LUMI) for $1.8 billion in cash and contingent consideration of up to $0.2 billion, calculated as 5% of net copper revenues in any annual period over the next [...]
Freeport-McMoRan Inc. (NYSE: FCX) today declared a cash dividend of $0.3125 per share payable on November 3, 2014 to holders of record as of October 15, 2014 for its common stock. FCX is a premier U.S.-based natural resources company with an industry-leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. FCX is the world's largest publicly traded copper producer [...]
Freeport-McMoRan Inc. (NYSE: FCX) announced today that its Indonesian subsidiary PT Freeport Indonesia (PT-FI) received approval from the Government of Indonesia to resume exports of copper concentrates. PT-FI will resume full operations immediately and concentrate exports are expected to commence in August 2014. PT-FI has entered into a Memorandum of Understanding (MOU) with the Government of Indonesia under which the [...]
Freeport-McMoRan Inc. (NYSE: FCX): Net income attributable to common stock totaled $482 million, $0.46 per share, for second-quarter 2014, compared with net income of $482 million, $0.49 per share, for second-quarter 2013. Net income attributable to common stock for the first six months of 2014 totaled $992 million, $0.95 per share, compared with $1.1 billion, $1.17 per share, for the first six months of 2013 [...]
Freeport-McMoRan Copper & Gold announced today that its oil and gas subsidiary, Freeport-McMoRan Oil & Gas, has completed the previously announced acquisition of certain of Apache Corporation interests in the Deepwater Gulf of Mexico. Following the exercise of preferential purchase rights by other working interest owners in the Lucius project, FM O&G acquired for $919 million, 51.2% of Apache's 11.7% working interest in [...]
Freeport-McMoRan Copper & Gold today declared a cash dividend of $0.3125 per share payable on August 1, 2014 to holders of record as of July 15, 2014 for its common stock. FCX is a premier U.S.-based natural resources company with an industry-leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. FCX is the world's largest publicly traded copper producer. FCX's [...]
Freeport-McMoRan announced today that its oil and gas subsidiary, Freeport-McMoRan Oil & Gas, has completed its previously announced sale of its Eagle Ford Shale assets to a subsidiary of Encana for cash consideration of $3.1 billion, before closing adjustments from the effective date of April 1, 2014, through the closing date. The Eagle Ford assets include all of FM O&G’s interests on approximately 45,500 net acres with [...]
Freeport-McMoRan Copper & Gold announced today that its oil and gas subsidiary, Freeport-McMoRan Oil & Gas, has entered into a definitive purchase and sale agreement to acquire certain of Apache interests in the Deepwater Gulf of Mexico, including Apache’s interests in the Lucius and Heidelberg oil production development projects and 11 exploration leases, for $1.4 billion. The Deepwater GOM acquisition will be funded [...]
Freeport-McMoRan Copper & Gold announced today that its oil and gas subsidiary, Freeport-McMoRan Oil & Gas, has entered into a definitive purchase and sale agreement to sell its Eagle Ford Shale assets for $3.1 billion to a subsidiary of Encana. FCX estimates after tax net proceeds from the transaction of approximately $2.5 billion. Approximately half of the proceeds will be used to repay outstanding indebtedness and the [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX): Net income attributable to common stock totaled $510 million, $0.49 per share, for first-quarter 2014, compared with net income of $648 million, $0.68 per share, for first-quarter 2013. Consolidated sales for first-quarter 2014 totaled 871 million pounds of copper, 187 thousand ounces of gold, 27 million pounds of molybdenum and 16.1 million barrels of oil equivalents [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) today declared a cash dividend of $0.3125 per share payable on May 1, 2014 to holders of record as of April 15, 2014 for its common stock. FCX is a premier U.S.-based natural resource company with an industry leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. FCX is the world's largest publicly traded copper [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) today announced that its oil & gas segment, Freeport-McMoRan Oil & Gas (FM O&G), was the apparent high bidder on 20 tracts in the Central Gulf of Mexico Oil and Gas Lease Sale 231 with a total investment of approximately $330 million net to FM O&G. The bids are subject to approval by the U.S. Bureau of Ocean Energy Management and these potential investments were included in [...]