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Freeport-McMoran Inc. - FCX STOCK NEWS

Welcome to our dedicated page for Freeport-McMoran news (Ticker: FCX), a resource for investors and traders seeking the latest updates and insights on Freeport-McMoran stock.

Freeport-McMoRan Inc. (symbol: FCX) stands as a prominent player in the global mining sector. Headquartered in the United States, the company operates a diverse portfolio of mineral assets, significant oil and gas resources, and boasts a robust production profile.

Freeport-McMoRan's operations are divided into four primary divisions: North America copper mines, South America mining, Indonesia mining, and Molybdenum mines. The company’s flagship mines include the Morenci in North America, Cerro Verde in South America, and Grasberg in Indonesia. Beyond these, Freeport-McMoRan also oversees the Rod & Refining operations and the Atlantic Copper Smelting and Refining facility.

In addition to its mining operations, Freeport-McMoRan is involved in the oil and gas sector through its wholly-owned subsidiary, Freeport-McMoRan Oil & Gas (FM O&G). FM O&G holds substantial assets across North America, including reserves in the deepwater Gulf of Mexico, onshore and offshore California, and the Haynesville Shale plays. The company also has a strong presence in the emerging shallow water ultra-deep gas trend on the shelf of the Gulf of Mexico and onshore in South Louisiana.

The company’s key revenue driver is the sale of copper, but it also benefits from its diversified portfolio which includes gold, molybdenum, and oil and gas resources. Freeport-McMoRan is known for its mature properties with long-lived reserves, as well as properties with significant development and exploration potential.

Committed to sustainable mining, Freeport-McMoRan invests in environmental programs and community development projects to ensure that its operations have a positive impact on the regions where it operates. For the latest updates and more detailed information about Freeport-McMoRan, visit their official website at www.fcx.com.

News

Freeport-McMoRan Announces Leadership Transition

Rhea-AI Summary
Freeport-McMoRan Inc. (NYSE: FCX) appoints Kathleen L. Quirk as President and Chief Executive Officer, effective June 11, 2024. Richard C. Adkerson will remain Chairman of the Board of Directors. With 35 years of experience at the company, Quirk is set to lead Freeport's business and operations, supported by Adkerson's strategic guidance. FCX is a leading international mining company with significant copper, gold, and molybdenum reserves, operating in diverse locations worldwide.
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Freeport-McMoRan on Copper Prices: You Ain't Seen Nothing Yet, an Industrial Info News Alert

Rhea-AI Summary
Freeport-McMoRan Incorporated (NYSE:FCX) expects to sell 4.1 billion pounds of copper, 2 million ounces of gold, and 85 million pounds of molybdenum in 2024. Growing demand for copper and higher prices for gold are boosting the company's fortunes, driven by closures and disruptions at various copper mines worldwide, which have driven prices higher for the metal. Industrial Info is tracking nearly $13 billion worth of active and planned projects from Freeport-McMoRan worldwide.
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Freeport-McMoRan Fourth-Quarter and Year Ended 2023 Financial and Operating Results Release Available on Its Website

Rhea-AI Summary
Freeport-McMoRan Inc. (FCX) has released its fourth-quarter and year-end 2023 financial and operating results. The company will host a conference call to discuss the results and will make the webcast available on its website. FCX is a leading international mining company with headquarters in Phoenix, Arizona, and operates large, long-lived assets with significant reserves of copper, gold, and molybdenum.
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Freeport-McMoRan Declares Quarterly Cash Dividends on Common Stock

Rhea-AI Summary
Freeport-McMoRan Inc. (NYSE: FCX) declared cash dividends of $0.15 per share on FCX’s common stock, payable on February 1, 2024, to shareholders of record as of January 12, 2024. The declaration includes a base dividend of $0.075 per share and a variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. FCX is a leading international mining company with significant proven and probable reserves of copper, gold, and molybdenum, operating large, long-lived, geographically diverse assets. FCX is one of the world’s largest publicly traded copper producers, with mining operations in Indonesia, North America, and South America, including the Grasberg minerals district in Indonesia, the Morenci minerals district in Arizona, and the Cerro Verde operation in Peru.
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Freeport-McMoRan Recommends Rejection of Below-Market Price Mini-Tender Offer

Rhea-AI Summary
Freeport-McMoRan Inc. (NYSE: FCX) has received an unsolicited 'mini-tender' offer from TRC Capital Investment Corporation to purchase up to 3,000,000 shares of FCX’s common stock at a below-market price. The offer is approximately 4.4% below the recent closing price and 10% below the closing price on November 16, 2023. FCX recommends shareholders not tender their shares and take no action. Shareholders who have tendered shares may withdraw them before December 13, 2023. FCX does not endorse the offer and requests its press release to be included with all related materials distributed by TRC.
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Richard C. Adkerson Inducted into the National Mining Hall of Fame

Rhea-AI Summary
Richard C. Adkerson, Chairman and CEO of Freeport-McMoRan, has been inducted into the National Mining Hall of Fame for his contributions to the mining industry. Adkerson is recognized for his leadership and initiatives to improve environmental and social performance in mining. He was instrumental in the $26 billion acquisition of Phelps Dodge Corp. in 2007, which created the modern Freeport.
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Freeport-McMoRan Third-Quarter 2023 Financial and Operating Results Release Available on Its Website

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Freeport-McMoRan Inc. announces third-quarter 2023 financial and operating results
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Freeport-McMoRan Declares Quarterly Cash Dividends on Common Stock

Rhea-AI Summary
Freeport-McMoRan Inc. declares cash dividends of $0.15 per share on FCX's common stock payable on November 1, 2023. FCX is a leading international mining company with significant reserves of copper, gold, and molybdenum. FCX's portfolio includes the Grasberg minerals district in Indonesia and mining operations in North and South America.
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Freeport-McMoRan Publishes Updated Climate Report

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Freeport-McMoRan announces annual Climate Report, emphasizing progress in reducing GHG emissions and delivering responsibly produced copper. FCX has four 2030 GHG emissions reduction targets covering nearly 100% of Scope 1 and 2 emissions. The company is committed to validating its targets through the Science Based Target initiative. Updated Climate Report aligns with Task Force on Climate-related Financial Disclosures. FCX is a leading copper producer with significant mining operations worldwide.
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Freeport-McMoRan Investigating Cybersecurity Incident

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Freeport-McMoRan Inc. is investigating a cybersecurity incident affecting its information systems. Limited impact on production so far. Prolonged disruption could impact future operations. Updates available on fcx.com.
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FAQ

What is the current stock price of Freeport-McMoran (FCX)?

The current stock price of Freeport-McMoran (FCX) is $42.7 as of November 15, 2024.

What is the market cap of Freeport-McMoran (FCX)?

The market cap of Freeport-McMoran (FCX) is approximately 62.0B.

What does Freeport-McMoRan Inc. do?

Freeport-McMoRan Inc. is an international mining company that focuses on the extraction and sale of minerals like copper, gold, and molybdenum, as well as oil and gas resources.

What are the main mining divisions of Freeport-McMoRan?

Freeport-McMoRan's main mining divisions are North America copper mines, South America mining, Indonesia mining, and Molybdenum mines.

Where are Freeport-McMoRan's key mines located?

Key mines include Morenci in North America, Cerro Verde in South America, and Grasberg in Indonesia.

What is Freeport-McMoRan Oil & Gas (FM O&G)?

FM O&G is a wholly-owned subsidiary of Freeport-McMoRan Inc. that operates oil and natural gas assets primarily in North America.

Where can I find the latest news about Freeport-McMoRan?

The latest news about Freeport-McMoRan can be found on their official website at www.fcx.com.

What are Freeport-McMoRan’s primary sources of revenue?

Freeport-McMoRan's primary source of revenue is the sale of copper, although it also generates income from gold, molybdenum, and oil and gas resources.

How does Freeport-McMoRan contribute to sustainability?

Freeport-McMoRan invests in environmental programs and community development projects to ensure positive impacts from its operations.

What are some of the development opportunities for Freeport-McMoRan?

The company manages mature properties with long-lived reserves and newer properties with significant development and exploration potential.

Where is Freeport-McMoRan headquartered?

Freeport-McMoRan is headquartered in the United States.

What are the main products of Freeport-McMoRan?

The main products of Freeport-McMoRan include copper, gold, molybdenum, and oil and gas resources.

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Freeport-McMoran Inc.

NYSE:FCX

FCX Rankings

#223 Ranked by Market Cap
#1938 Ranked by Dividends

FCX Stock Data

61.96B
1.44B
0.63%
85.22%
1.7%
Copper
Metal Mining
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United States of America
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