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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 tatyana.shumsky@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Freeport Mcmoran (FCX)
DateTimeHeadline
05/21/201517:57:00Statement of Changes in Beneficial Ownership (4)
05/20/201512:15:10What Is the S&P 500 Index?
05/19/201513:45:19Notice of Exempt Solicitation. Definitive Material. (px14a6g)
05/15/201500:01:28Indonesia's Widodo Puts Development Spotlight on Remote Papua
05/08/201514:20:31Quarterly Report (10-q)
05/05/201514:00:115 Things Freeport McMoRan Inc's Management Wants You to Know
04/30/201503:37:35Argus Raises Freeport-McMoRan Price Target to $27.00 (FCX)
04/28/201503:37:06Morgan Stanley Upgrades Freeport-McMoRan to Overweight (FCX)
04/27/201517:10:40MARKET SNAPSHOT: U.S. Stocks Retreat From Highs Ahead Of Fed...
04/27/201516:58:13MARKET SNAPSHOT: U.S. Stocks Retreat From Highs Ahead Of Fed...
04/27/201506:17:11Additional Proxy Soliciting Materials (definitive) (defa14a)
04/27/201506:16:53Proxy Statement (definitive) (def 14a)
04/25/201511:00:0310 Most Profitable Companies in Commodities
04/24/201510:30:20Freeport-McMoRan Price Target Raised to $24.00 at Citigroup Inc...
04/24/201507:43:41Freeport-McMoRan's Buy Rating Reiterated at Nomura (FCX)
04/24/201507:13:13Freeport-McMoRan Stock Rating Lowered by Clarkson Capital (FCX)
04/23/201516:13:46Freeport-McMoRan Swings to a Loss--Update
04/23/201514:03:46Current Report Filing (8-k)
04/23/201513:13:56Freeport-McMoRan Reports Loss on Hit From Oil Assets
04/23/201513:11:20Freeport-McMoRan Reports Loss on Hit From Oil Assets

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