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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
02/04/201618:01:32Statement of Changes in Beneficial Ownership (4)
02/04/201618:01:32Statement of Changes in Beneficial Ownership (4)
02/04/201618:01:02Statement of Changes in Beneficial Ownership (4)
02/04/201617:59:09Statement of Changes in Beneficial Ownership (4)
02/04/201617:57:14Initial Statement of Beneficial Ownership (3)
02/04/201617:57:14Statement of Changes in Beneficial Ownership (4)
02/02/201618:30:00Stull, Stull & Brody Announces Class Action Suit on Behalf of...
02/01/201614:53:04SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notify Investors...
02/01/201610:30:00INVESTOR ALERT: Investigation of Freeport-McMoRan Inc. Announced...
02/01/201608:30:00Hagens Berman Advises Freeport-McMoran Inc. (NYSE: FCX) Investors...
01/29/201620:35:00INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action...
01/29/201606:00:00Brazil's Vale Set to Scrap Dividend
01/28/201615:49:00FREEPORT-MCMORAN INC. Shareholder Alert: Former SEC Attorney...
01/28/201610:30:00Glancy Prongay & Murray Commences Investigation on Behalf of...
01/28/201609:11:00Law Offices of Marc S. Henzel Announces Investigation of Companies...
01/27/201617:17:00Harwood Feffer LLP Announces Investigation of Freeport-McMoRan...
01/27/201615:08:25SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders...
01/27/201603:02:00Freeport To Boost Debt Cuts
01/26/201621:57:00IMPORTANT SHAREHOLDER NOTICE: Goldberg Law PC Announces Securities...
01/26/201617:25:27SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of...

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