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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
07/29/201510:28:38Copper Prices Steady on Chinese Stocks Gains, Supply Worries
07/28/201517:09:37Current Report Filing (8-k)
07/28/201510:52:00Freeport-McMoRan Announces Cost Reduction Plans
07/24/201517:31:33Miners Shed Thousands of Jobs as Commodities Prices Slide...
07/23/201516:33:23Current Report Filing (8-k)
07/23/201514:30:08Freeport-McMoRan Posts Loss, Hurt by Oil-and-Gas Properties
07/23/201509:30:07Freeport-McMoRan Posts Loss
07/23/201509:24:30Freeport-McMoRan Posts Loss, Hurt by Oil-and-Gas Properties
07/23/201508:00:00Freeport-McMoRan Reports Second-Quarter and Six-Month 2015 Results
07/14/201510:48:00Freeport-McMoRan Announces Organizational Changes
07/08/201508:03:02Freeport-McMoRan's New IPO: Smart Move or Selling Low?
07/02/201517:01:46Statement of Changes in Beneficial Ownership (4)
07/02/201517:01:46Statement of Changes in Beneficial Ownership (4)
07/02/201517:01:19Statement of Changes in Beneficial Ownership (4)
06/24/201517:01:00Freeport-McMoRan Declares Quarterly Cash Dividend on Common Stock
06/23/201518:50:33Freeport McMoRan Oil & Gas Inc. Files for IPO
06/23/201518:20:09Freeport McMoRan Oil & Gas Inc. Files for IPO
06/23/201518:15:08Freeport McMoRan Oil & Gas Inc. Files for IPO
06/23/201517:30:00Freeport-McMoRan Oil & Gas Inc. Files Registration Statement...
06/18/201514:00:093 Stocks to Watch in Copper

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