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Freeport McMoRan CEO: Seeing 'Progress' In Indonesia Operations

By Tatyana Shumsky Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Freeport McMoRan Copper & Gold Inc.'s (FCX) copper-mining operations in Indonesia are back on track after labor-related disruptions during the first quarter, Chief Executive Richard Adkerson said. Freeport's Indonesia operations suffered a disruption in March 2012 as union and non-union workers returned to the mine early this year following a three-month strike at the end of 2011. "We had a roughly three-week suspension of activities as we met with our workforce to discuss certain issues," Adkerson said during a conference call to discuss the company's first-quarter earnings. "We are seeing progress in returning to normal operations," Adkerson said, adding that milling rates are back above 200,000 tons per day, after being limited to around 115,000 tons per day throughout the first quarter. The shutdown resulted in Freeport losing around 80 million pounds of copper output and around 125,000 ounces of gold production, helping to slash first-quarter earnings by 49%. -By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; tatyana.shumsky@dowjones.com Order free Annual Report for Freeport-McMoRan Copper & Gold, Inc. Visit http://djnweurope.ar.wilink.com/?ticker=US35671D8570 or call +44 (0)208 391 6028

Stock News for Freeport Mcmoran (FCX)
DateTimeHeadline
06/24/201608:02:06Current Report Filing (8-k)
06/23/201614:20:00U.S. Oil Output to Get Boost From Gulf
06/22/201616:05:13Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
06/09/201616:38:39Current Report Filing (8-k)
06/03/201617:37:19Statement of Changes in Beneficial Ownership (4)
06/03/201617:37:19Statement of Changes in Beneficial Ownership (4)
06/03/201617:37:19Statement of Changes in Beneficial Ownership (4)
06/03/201617:36:53Statement of Changes in Beneficial Ownership (4)
06/03/201617:36:53Statement of Changes in Beneficial Ownership (4)
06/03/201617:36:53Statement of Changes in Beneficial Ownership (4)
06/03/201617:36:27Statement of Changes in Beneficial Ownership (4)
05/31/201616:23:35Current Report Filing (8-k)
05/31/201610:28:00Freeport-McMoRan Completes Sale of 13% Interest in Morenci Mine...
05/26/201612:46:46Specialized Disclosure Report (sd)
05/24/201606:03:27Current Report Filing (8-k)
05/22/201622:22:00China Molybdenum to Raise Up to CNY18 Billion Via Share Placement...
05/20/201618:20:00Freeport-McMoRan Won't Take Oil-and-Gas Business Public
05/20/201618:16:00Freeport-McMoRan Formally Cancels Plans to Take Oil-and-Gas Business...
05/16/201608:39:03Current Report Filing (8-k)
05/16/201608:37:17Prospectus Filed Pursuant to Rule 424(b)(7) (424b7)

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