Freeport-McMoRan Inc (FCX.N)
30 Jan 2015
* Coming up: FOMC statement at 1900 GMT (Updates with official prices)
Jan 27 - Pummeled by falling oil and copper prices, Freeport-McMoRan Inc said on Tuesday it is abandoning its debt reduction target, bringing in partners to help fund two oil projects and slashing its capital spend and costs by $2 billion in 2015.
NEW YORK, Jan 27 - Freeport-McMoRan Inc Chief Executive Officer Richard Adkerson said on Tuesday he expects relatively tight supplies due to mine delays, falling ore grades and spending cuts to support copper prices even as the market remains in oversupply this year.
NEW YORK, Jan 27 - Freeport-McMoRan Inc expects copper sales this year to rise by 8 percent to 4.3 billion lb as output improves in Indonesia where the company operates the giant Grasberg complex, Chief Executive Officer Richard Adkerson said on Tuesday.
Jan 27 - Freeport-McMoRan's target to reduce its debt to $12 billion by the end of 2016 is "unrealistic" in the current weak commodities price environment, Chief Executive Richard Adkerson said.
Jan 27 - U.S. miner Freeport-McMoRan Inc reported a fourth-quarter loss due to net charges of $3.1 billion, mainly related to the value of its oil and gas properties and goodwill impairment.
NEW YORK, Jan 27 - The copper market surplus this year will be smaller than expected due to disruptions in mines and low exchange inventory, Freeport-McMoRan Inc chief executive officer Richard Adkerson said on Tuesday.
JAKARTA, Jan 26 - U.S. mining firm Freeport-McMoRan Inc is expected to export 500,000 tonnes of copper concentrate from its Indonesian operations over the next six months, down 100,000 tonnes from the previous six months, a company official said.
NEW YORK, Jan 22 - Freeport-McMoRan Inc said on Thursday it has picked Gresik, East Java, as the location for its planned new copper smelter in Indonesia, the latest move by the Arizona-based miner to comply with an export deal with the government last year.
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