Freeport-McMoRan Inc (FCX.N)
25 Apr 2017
TORONTO, April 25 Freeport-McMoRan Inc missed earnings expectations, cut its outlook and warned on Tuesday it would be difficult to secure a long-term Indonesian mining permit, but investors sent its stock soaring on relief over a temporary export resumption.
* CEO Richard Adkerson's total compensation for 2016 was about $16 million versus $8.6 million in 2015 - SEC filing
* CEO Richard Adkerson says capital spending at Indonesia's Grasberg mine slowed by about one-third in first quarter, now spending about $40 million each month on Grasberg block cave
TORONTO, April 25 Freeport-McMoRan Inc, the world's biggest publicly listed copper miner, reported first-quarter results on Tuesday that reflected a months-long Indonesian export ban at its massive Grasberg mine, which clipped sales.
* Q1 earnings per share view $0.19 -- Thomson Reuters I/B/E/S
* Workers concerned over future employment amid contract dispute (Recasts with permit granted, adds comments on Pence, trade ministry comment)
* Workers concerned over future employment amid contract dispute
JAKARTA, April 20 Indonesian workers at American mining giant Freeport McMoran Inc. will stage a month-long protest starting May 1 against layoffs, as the company ramps down production in the midst of a contract dispute with the Indonesian government.
* Northisle Copper and Gold Inc - Will now be raising up to $1.5 million by way of non-brokered private placements Source text for Eikon: Further company coverage:
SANTIAGO, April 5 Freeport McMoRan Inc is awaiting final details on a temporary export permit in Indonesia, which would end a 12-week ban that has cost the world's biggest publicly traded copper company nearly $1 billion in lost revenues, its top executives told Reuters in an interview on Wednesday.