Edition:
India

Freeport-McMoRan Inc (FCX.N)

FCX.N on New York Stock Exchange

10.74USD
1:33am IST
Change (% chg)

$0.09 (+0.85%)
Prev Close
$10.65
Open
$10.61
Day's High
$10.82
Day's Low
$10.44
Volume
3,670,992
Avg. Vol
4,817,773
52-wk High
$18.14
52-wk Low
$9.48

Latest Key Developments (Source: Significant Developments)

Umicore Announces Agreement To Acquire Cobalt Refinery, Cathode Precursor Operations In Finland
Friday, 24 May 2019 

May 23 (Reuters) - Umicore SA ::REG-UMICORE TO ACQUIRE COBALT REFINERY AND CATHODE PRECURSOR OPERATIONS IN FINLAND.ACQUISITION WILL BE EARNINGS ACCRETIVE FROM 2020 AND VALUE ACCRETIVE FROM 2021.UMICORE IS NOT ACQUIRING COBALT FINE POWDERS, CHEMICALS, CATALYSTS, CERAMICS & PIGMENTS ACTIVITIES LOCATED ON SAME SITE.WILL BE FUNDED FROM UMICORE'S EXISTING CREDIT FACILITIES.UMICORE -DEAL FOR $150 MILLION ON DEBT, CASH FREE BASIS, PLUS VALUE OF WORKING CAPITAL TO BE TAKEN OVER AT CLOSING, WHICH AT END OF MARCH WAS ABOUT $40 MILLION.UMICORE- ACQUIRED OPERATIONS WILL SUPPLY PRECURSORS FOR CATHODE MATERIALS PRODUCTION IN NYSA, POLAND, WHICH IS DUE TO START IN SECOND PART OF 2020.  Full Article

Freeport-Mcmoran Announces Agreement To Sell Portion Of Cobalt Business
Friday, 24 May 2019 

May 23 (Reuters) - Freeport-McMoRan Inc ::FREEPORT-MCMORAN ANNOUNCES AGREEMENT TO SELL PORTION OF COBALT BUSINESS.FREEPORT-MCMORAN INC - DEAL FOR $150 MILLION, PLUS WORKING CAPITAL AT TIME OF CLOSE..FREEPORT-MCMORAN INC - FCX WILL SEPARATE ITS COBALT BUSINESS PRIOR TO COMPLETING TRANSACTION.FREEPORT-MCMORAN INC - FCX EXPECTS TO RECORD A GAIN ON TRANSACTION..FREEPORT-MCMORAN - UMICORE WILL ACQUIRE REFINERY AND CATHODE PRECURSOR BUSINESS, WHICH REPRESENTS ABOUT 60 PERCENT OF REFINERY'S HISTORICAL REVENUES.FREEPORT-MCMORAN INC - Q1 2019 EARNINGS AND CASH FLOW CONTRIBUTION FROM ASSETS BEING SOLD WAS INSIGNIFICANT TO FCX.  Full Article

Carl Icahn Cuts Shared Share Stake In Freeport McMoran
Thursday, 16 May 2019 

May 15 (Reuters) - Carl Icahn::CARL ICAHN CUTS SHARED SHARE STAKE IN FREEPORT MCMORAN BY 11.8% TO 44.3 MILLION CLASS B SHARES - SEC FILING.CARL ICAHN: CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DECEMBER 31, 2018.  Full Article

Freeport-McMoran says CEO Adkerson's 2018 Total Compensation Was $16.4 Mln
Thursday, 25 Apr 2019 

April 25 (Reuters) - Freeport-McMoRan Inc ::FREEPORT-MCMORAN INC - CEO RICHARD ADKERSON'S 2018 TOTAL COMPENSATION WAS $16.4 MILLION VERSUS $18.4 MILLION IN 2017 - SEC FILING.FREEPORT-MCMORAN INC CFO KATHLEEN QUIRK'S FY 2018 TOTAL COMPENSATION WAS $6.8 MILLION VERSUS $8.6 MILLION IN FY 2017 - SEC FILING.FREEPORT-MCMORAN INC - RATIO OF 2018 TOTAL COMPENSATION OF CEO TO MEDIAN OF ANNUAL TOTAL COMPENSATION OF ALL OTHER EMPLOYEES WAS 219 TO 1.  Full Article

Freeport-McMoRan CEO Says Remains Optimistic on Copper Market
Thursday, 25 Apr 2019 

April 25 (Reuters) - Freeport-McMoRan Inc ::CHIEF EXECUTIVE RICHARD ADKERSON SAYS REMAINS POSITIVE ON OUTLOOK FOR THE COPPER MARKET.CEO: 'ACROSS THE BOARD, OUR BUSINESS IS GOING IN A NORMAL FASHION'.CEO SAID HEAVY RAINS IN FIRST QUARTER AFFECTED Q1 PRODUCTION IN SOUTH AMERICA.CEO SAYS DOESN'T EXPECT ANY EQUITY CAPITAL REQUIREMENT FROM FREEPORT FOR INDONESIA SMELTER.CEO SAYS FUNDING FOR SMELTER WILL COME FROM PT FREEPORT INDONESIA VENTURE.  Full Article

Freeport-McMoRan Q1 Adjusted Earnings Per Share $0.05
Thursday, 25 Apr 2019 

April 25 (Reuters) - Freeport-McMoRan Inc ::FREEPORT-MCMORAN REPORTS FIRST-QUARTER 2019 RESULTS.Q1 EARNINGS PER SHARE $0.02.Q1 ADJUSTED EARNINGS PER SHARE $0.05.Q1 EARNINGS PER SHARE ESTIMATE $0.07 -- REFINITIV IBES DATA.QTRLY AVERAGE REALIZED PRICE PER POUND FOR COPPER WAS $2.90 VERSUS $3.11 REPORTED LAST YEAR.FIRST-QUARTER 2019 COPPER SALES OF 784 MILLION POUNDS AND GOLD SALES OF 242 THOUSAND OUNCES.QTRLY AVERAGE REALIZED PRICE PER OUNCE FOR GOLD WAS $1,291 VERSUS $1,312 REPORTED LAST YEAR.CONSOLIDATED SALES FOR YEAR 2019 ARE EXPECTED TO APPROXIMATE 3.3 BILLION POUNDS OF COPPER.QTRLY REVENUES $3,792 MILLION VERSUS $4,868 MILLION.FREEPORT-MCMORAN - SALES VOLUMES FOR 2019 EXPECTED TO APPROXIMATE 3.3 BILLION POUNDS OF COPPER, 0.8 MILLION OUNCES OF GOLD AND 94 MILLION POUNDS OF MOLYBDENUM.CAPITAL EXPENDITURES FOR YEAR 2019 ARE EXPECTED TO APPROXIMATE $2.5 BILLION.QTRLY AVERAGE REALIZED PRICE $12.69 PER POUND FOR MOLYBDENUM..AT MARCH 31, 2019, CONSOLIDATED DEBT TOTALED $9.9 BILLION AND CONSOLIDATED CASH TOTALED $2.8 BILLION.FIRST-QUARTER 2019 MOLYBDENUM SALES OF 22 MILLION POUNDS WERE LOWER FIRST-QUARTER 2018 SALES OF 24 MILLION POUNDS.TRANSITION TO UNDERGROUND MINING AT GRASBERG IS ADVANCING ACCORDING TO PLAN, AND WE ARE ENCOURAGED BY RECENT MILESTONES.QTRLY SALES TOTALED 22 MILLION POUNDS OF MOLYBDENUM IN FIRST-QUARTER 2019..Q1 REVENUE VIEW $3.81 BILLION -- REFINITIV IBES DATA.  Full Article

Freeport-McMoRan Sets Quarterly Cash Dividend Of $0.05 Per Share
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Freeport-McMoRan Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.05/PER SHARE.  Full Article

Freeport-McMoRan Sets Quarterly Cash Dividend Of $0.05 Per Share
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Freeport-McMoRan Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.05 PER SHARE.  Full Article

Freeport-McMoRan Sets Quarterly Dividend Of $0.05/Share
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Freeport-McMoRan Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.05PER SHARE.  Full Article

Freeport-Mcmoran Says Co, Its Units Entered Into A New Revolving Credit Agreement With JPMorgan Chase Bank, Other Issuing Banks & Lenders
Monday, 23 Apr 2018 

April 23 (Reuters) - Freeport-McMoRan Inc ::FREEPORT-MCMORAN SAYS ON APRIL 20, CO, ITS UNITS ENTERED INTO A NEW REVOLVING CREDIT AGREEMENT WITH JPMORGAN CHASE BANK, OTHER ISSUING BANKS & LENDERS.FREEPORT-MCMORAN INC - NEW REVOLVING CREDIT FACILITY REPLACES CO'S EXISTING REVOLVING CREDIT AGREEMENT DATED AS OF FEBRUARY 14, 2013.FREEPORT-MCMORAN - CREDIT FACILITY PROVIDES FOR 5-YEAR, UNSECURED REVOLVING CREDIT FACILITY, UNDER WHICH CO, UNITS MAY OBTAIN LOANS OF UP TO $3.5 BILLION.FREEPORT-MCMORAN SAYS NEW REVOLVING CREDIT FACILITY MATURES ON APRIL 20, 2023 - SEC FILING.  Full Article

UPDATE 3-Freeport shares drop after quarterly profit misses expectations

April 25 Freeport-McMoRan Inc, the world's largest publicly traded copper producer, posted a lower-than-expected quarterly profit on Thursday due to slipping production and rising costs, sending shares down more than 8 percent.