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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
08/31/201517:23:58Statement of Changes in Beneficial Ownership (4)
08/27/201519:50:00Icahn Takes a Stake in Copper Giant Freeport-McMoRan
08/27/201517:47:00Correction to Freeport-McMoRan Story
08/27/201517:40:00Icahn Takes a Stake in Copper Giant Freeport-McMoRan
08/27/201517:18:58Current Report Filing (8-k)
08/27/201517:11:00Icahn Sets Freeport-McMoRan in His Sights
08/27/201516:56:00Icahn Sets Freeport-McMoRan in His Sights
08/27/201516:46:00Freeport-McMoRan Cuts Capital Spending Plans by 29% -- 2nd Update
08/27/201516:42:00Freeport-McMoRan Statement Regarding Carl Icahn Filing
08/27/201516:27:51Current Report Filing (8-k)
08/27/201516:03:52Statement of Beneficial Ownership (sc 13d)
08/27/201509:23:00Freeport-McMoRan Cuts Capital Spending Plans by 29% -- Update
08/27/201509:10:00Freeport-McMoRan Cuts Capex 29%
08/27/201509:03:00Freeport-McMoRan to Cut Capital Spending Plans by 29%
08/27/201508:00:00Freeport-McMoRan Announces Further Spending Cuts in Response...
08/25/201517:15:17Statement of Changes in Beneficial Ownership (4)
08/19/201517:36:08Statement of Changes in Beneficial Ownership (4)
08/10/201508:06:43Quarterly Report (10-q)
08/10/201506:28:00Freeport-McMoRan Files Prospectus Supplement for At-the-Market...
08/10/201506:24:56Current Report Filing (8-k)

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