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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
04/28/201608:07:23Additional Proxy Soliciting Materials (definitive) (defa14a)
04/28/201608:05:11Proxy Statement (definitive) (def 14a)
04/26/201616:33:00Materials Up as Dollar Weakens -- Materials Roundup
04/26/201614:39:00Freeport-McMoRan Loss Widens, Unveils Job Cuts -- Update
04/26/201612:53:44Current Report Filing (8-k)
04/26/201609:30:00Freeport-McMoRan Loss Widens, Unveils Job Cuts
04/26/201609:17:00Freeport-McMoRan Loss Widens, Unveils Job Cuts in Oil-And-Gas...
04/26/201608:00:00Freeport-McMoRan Reports First-Quarter 2016 Results
04/15/201617:21:57Proxy Statement - Notice of Shareholders Meeting (preliminary...
04/05/201616:47:46Current Report Filing (8-k)
04/05/201608:00:00Freeport-McMoRan Announces New Organizational Structure for Oil...
04/04/201617:37:45Statement of Changes in Beneficial Ownership (4)
04/04/201617:36:28Statement of Changes in Beneficial Ownership (4)
04/04/201617:36:28Statement of Changes in Beneficial Ownership (4)
04/04/201617:36:28Statement of Changes in Beneficial Ownership (4)
03/29/201610:06:00MARKET SNAPSHOT: U.S. Stocks Fall, Tracking Drop In Oil Prices...
03/29/201610:06:00MARKET SNAPSHOT: U.S. Stocks Fall, Tracking Drop In Oil Prices...
03/24/201617:48:004-Day Deadline Alert: Lundin Law PC Announces Securities Class...
03/23/201615:45:48SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders...
03/23/201614:24:00MARCH 28 DEADLINE: Lundin Law PC Announces Investigation of Freeport-McMoRan...

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