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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
11/30/201606:37:04Current Report Filing (8-k)
11/29/201623:35:00Freeport-McMoRan Commences Exchange Offers and Consent Solicitations
11/23/201617:14:55Amended Statement of Beneficial Ownership (sc 13d/a)
11/23/201608:12:17Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
11/23/201608:00:00Freeport-McMoRan Completes $1.5 Billion At-the-Market Equity...
11/16/201616:17:12Current Report Filing (8-k)
11/16/201616:10:00Freeport-McMoRan Completes Sale of Interest in TF Holdings Limited...
11/15/201609:40:00Lundin Mining to Sell Africa Mine Stake for $1.14 Billion
11/15/201608:39:00Lundin Mining to Sell Stake in African Mine for $1.14 Billion
11/09/201617:07:52Quarterly Report (10-q)
11/09/201617:00:16Current Report Filing (8-k)
11/09/201616:51:41Current Report Filing (8-k)
10/31/201617:30:00Anadarko Narrows Loss But Misses Quarterly Revenue, Sales Marks
10/28/201617:29:28Statement of Changes in Beneficial Ownership (4)
10/27/201610:08:00Global Mining, Metals M&A Deal Subdued in 3Q -Study
10/26/201616:13:52Current Report Filing (8-k)
10/25/201611:19:00Freeport-McMoRan Swings to Profit After String of Losses
10/25/201608:00:00Freeport-McMoRan Reports Third-Quarter and Nine-Month 2016 Results
10/14/201609:40:00Freeport-McMoRan Sells California Onshore Business
10/14/201609:32:00Freeport-McMoRan Sells California Onshore Business

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