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Chile Codelco 1Q Copper Output 373,000 Tons Vs 414,000 1Q 2011

SANTIAGO -(Dow Jones)- Copper output at Chilean state copper company Codelco's wholly owned mines fell 10% in the first quarter to 373,000 metric tons from 414,000 tons in the same quarter last year, Codelco Chief Executive Diego Hernandez said Wednesday. Codelco's total January-March production, which includes output from the El Abra mine, in which the company holds a 49% stake, fell to 390,000 tons from 425,000 tons. El Abra is operated by 51% shareholder Freeport-McMoRan Copper & Gold Inc. (FCX). With copper averaging $3.77 a pound in the first three months of the year, Codelco's pretax profit fell to $1.45 billion from $2.32 billion during the same quarter a year ago, when copper averaged $4.38/lb. If Codelco's earnings were reported using the same tax requirements as private companies, the state-owned company would have posted a net profit of $1.12 billion, compared with $1.40 million in the first quarter of 2011. -By Carolina Pica, Dow Jones Newswires; 56-2-715-8919; carolina.pica@dowjones.com

Stock News for Freeport Mcmoran (FCX)
DateTimeHeadline
02/09/201608:00:00SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders With...
02/08/201620:00:00Brower Piven Encourages Investors Who Have Losses in Excess of...
02/04/201618:01:32Statement of Changes in Beneficial Ownership (4)
02/04/201618:01:32Statement of Changes in Beneficial Ownership (4)
02/04/201618:01:02Statement of Changes in Beneficial Ownership (4)
02/04/201617:59:09Statement of Changes in Beneficial Ownership (4)
02/04/201617:57:14Initial Statement of Beneficial Ownership (3)
02/04/201617:57:14Statement of Changes in Beneficial Ownership (4)
02/02/201618:30:00Stull, Stull & Brody Announces Class Action Suit on Behalf of...
02/01/201614:53:04SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notify Investors...
02/01/201610:30:00INVESTOR ALERT: Investigation of Freeport-McMoRan Inc. Announced...
02/01/201608:30:00Hagens Berman Advises Freeport-McMoran Inc. (NYSE: FCX) Investors...
01/29/201620:35:00INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action...
01/29/201606:00:00Brazil's Vale Set to Scrap Dividend
01/28/201615:49:00FREEPORT-MCMORAN INC. Shareholder Alert: Former SEC Attorney...
01/28/201610:30:00Glancy Prongay & Murray Commences Investigation on Behalf of...
01/28/201609:11:00Law Offices of Marc S. Henzel Announces Investigation of Companies...
01/27/201617:17:00Harwood Feffer LLP Announces Investigation of Freeport-McMoRan...
01/27/201615:08:25SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders...
01/27/201603:02:00Freeport To Boost Debt Cuts

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