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Freeport McMoRan CEO: Morenci Expansion To Reach Full Rates By 2014

By Tatyana Shumsky NEW YORK--Freeport McMoRan Copper & Gold Inc. (FCX) expects to complete its mining and milling expansion at its Morenci operations in Arizona within two years, Chief Executive Richard Adkerson said. The company is expanding Morenci's milling operations to process 115,000 tons per day and increasing mining rates to 900,000 tons per day from 700,000 tons. The capital costs of this project are around $1.4 billion and will add 225 million pounds of copper a year to the company's output. "We expect to have this expansion project at full rates by 2014," Mr. Adkerson said on the company's conference call. Write to Tatyana Shumsky at [email protected] Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Freeport Mcmoran (FCX)
DateTimeHeadline
02/21/201706:57:17Current Report Filing (8-k)
02/21/201706:24:00Copper Pulls Back as Dollar Strengthens
02/20/201711:28:00Freeport-McMoRan Won't Accept Terms of Indonesia's Permit Deal...
02/20/201711:04:00Freeport-McMoRan Won't Accept Terms of Indonesia's Permit Deal...
02/20/201710:52:00Freeport-McMoRan Refuses Indonesia's Permit Deal
02/20/201709:28:00Freeport-McMoRan Updates Status of PT Freeport Indonesia Operations
02/20/201707:31:00Mine Disputes Boost Copper
02/20/201701:14:00Freeport-McMoRan Considers Arbitration on Contract Dispute With...
02/20/201700:52:00Freeport-McMoRan Considers Arbitration on Contract Dispute With...
02/20/201700:46:00Correction to Freeport-McMoRan CEO Headline
02/17/201723:16:00Indonesia Approves Export Licenses for Two Copper Mines -- Update
02/17/201717:22:54Statement of Changes in Beneficial Ownership (4)
02/17/201717:22:28Statement of Changes in Beneficial Ownership (4)
02/17/201708:45:00Indonesian Government Approves Export License for 2 Copper Mines
02/17/201706:54:00Copper Eases Ahead of Mine Labor Talks
02/16/201707:07:00Copper Pulls Back From Recent Highs
02/15/201706:31:00Copper Eases as Striking Miners Return to Negotiations
02/14/201707:12:00Copper Continues to Rise as Supply Issues Spread
02/13/201716:42:04Amended Statement of Ownership (sc 13g/a)
02/13/201716:16:00Copper Climbs as Supply Concerns Mount

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