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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
04/28/201608:07:23Additional Proxy Soliciting Materials (definitive) (defa14a)
04/28/201608:05:11Proxy Statement (definitive) (def 14a)
04/26/201616:33:00Materials Up as Dollar Weakens -- Materials Roundup
04/26/201614:39:00Freeport-McMoRan Loss Widens, Unveils Job Cuts -- Update
04/26/201612:53:44Current Report Filing (8-k)
04/26/201609:30:00Freeport-McMoRan Loss Widens, Unveils Job Cuts
04/26/201609:17:00Freeport-McMoRan Loss Widens, Unveils Job Cuts in Oil-And-Gas...
04/26/201608:00:00Freeport-McMoRan Reports First-Quarter 2016 Results
04/15/201617:21:57Proxy Statement - Notice of Shareholders Meeting (preliminary...
04/05/201616:47:46Current Report Filing (8-k)
04/05/201608:00:00Freeport-McMoRan Announces New Organizational Structure for Oil...
04/04/201617:37:45Statement of Changes in Beneficial Ownership (4)
04/04/201617:36:28Statement of Changes in Beneficial Ownership (4)
04/04/201617:36:28Statement of Changes in Beneficial Ownership (4)
04/04/201617:36:28Statement of Changes in Beneficial Ownership (4)
03/29/201610:06:00MARKET SNAPSHOT: U.S. Stocks Fall, Tracking Drop In Oil Prices...
03/29/201610:06:00MARKET SNAPSHOT: U.S. Stocks Fall, Tracking Drop In Oil Prices...
03/24/201617:48:004-Day Deadline Alert: Lundin Law PC Announces Securities Class...
03/23/201615:45:48SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders...
03/23/201614:24:00MARCH 28 DEADLINE: Lundin Law PC Announces Investigation of Freeport-McMoRan...

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