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Freeport Can Weather a Period of Low Copper Prices--CEO

By Tatyana Shumsky NEW YORK--Freeport McMoRan Copper & Gold Inc. (FCX) can weather a period of low copper prices, Chief Executive Richard Adkerson said on the company's second-quarter earnings conference call. The company's copper operations will remain profitable in the face of a sharp decline in copper prices from recent levels of around $3.50 a pound, Mr. Adkerson said. "Our project economics are not built around $3.50 copper," Mr. Adkerson said. He added that Freeport has shown it can make "adjustments" to its operations in order to cut back output and reduce costs during the 2008 financial crisis. Write to Tatyana Shumsky at tatyana.shumsky@dowjones.com Order free Annual Report for Freeport-McMoRan Copper & Gold, Inc. Visit http://djnweurope.ar.wilink.com/?ticker=US35671D8570 or call +44 (0)208 391 6028 Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Freeport Mcmoran (FCX)
DateTimeHeadline
07/17/201404:14:23Indonesia Demands Newmont Withdraw Arbitration Filing
07/07/201404:06:22Indonesia and Freeport Agree on New Mining Contract Terms: Minister
07/01/201407:09:48Newmont Files for Arbitration Against Indonesia Government on...
06/05/201415:31:48Newmont Mining Declares Force Majeure in Indonesia -- 2nd Update
06/03/201403:16:20Newmont Stops Copper Concentrate Production in Indonesia
05/07/201411:27:46Correction to "Encana to Buy Eagle Ford Assets From Freeport-McMoRan...
05/07/201410:57:15Encana to Buy Eagle Ford Assets From Freeport-McMoRan for $3.1...
05/07/201410:14:58U.S. Hot Stocks: Hot Stocks to Watch
05/07/201401:26:28Newmont's Indonesia Unit May Start Cutting Output by June 1
02/28/201412:30:10Freeport-McMoRan Issues Warning on Indonesia Unit
02/28/201412:15:51Freeport-McMoRan Warns of Potential Force Majeure in Indonesia
02/26/201407:12:08UN Sends More Troops to Cooper-Producing Province in Congo
02/06/201423:42:29Indonesia Won't Relax Smelter Sureties for Ore-Export Permission...
01/22/201409:32:00Freeport-McMoRan Profit Falls Despite Revenue Growth
01/13/201408:38:11Indonesia Gives Details on Its Mineral Export Ban
11/15/201309:19:39Omega Advisors 3Q 13F: Largest Purchases
11/15/201309:19:36Omega Advisors 3Q 13F: Holdings As Of Sep 30
11/15/201309:18:03OZ Management LP 3Q 13F: Largest Purchases -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30 -2-

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