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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
05/29/201516:23:53Specialized Disclosure Report (sd)
05/28/201516:00:03The Best Stock to Invest in Copper
05/28/201510:05:02TEV: Using Total Enterprise Value to See the Bigger Picture
05/21/201517:57:00Statement of Changes in Beneficial Ownership (4)
05/20/201512:15:10What Is the S&P 500 Index?
05/19/201513:45:19Notice of Exempt Solicitation. Definitive Material. (px14a6g)
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05/08/201514:20:31Quarterly Report (10-q)
05/05/201514:00:115 Things Freeport McMoRan Inc's Management Wants You to Know
04/30/201503:37:35Argus Raises Freeport-McMoRan Price Target to $27.00 (FCX)
04/28/201503:37:06Morgan Stanley Upgrades Freeport-McMoRan to Overweight (FCX)
04/27/201517:10:40MARKET SNAPSHOT: U.S. Stocks Retreat From Highs Ahead Of Fed...
04/27/201516:58:13MARKET SNAPSHOT: U.S. Stocks Retreat From Highs Ahead Of Fed...
04/27/201506:17:11Additional Proxy Soliciting Materials (definitive) (defa14a)
04/27/201506:16:53Proxy Statement (definitive) (def 14a)
04/25/201511:00:0310 Most Profitable Companies in Commodities
04/24/201510:30:20Freeport-McMoRan Price Target Raised to $24.00 at Citigroup Inc...
04/24/201507:43:41Freeport-McMoRan's Buy Rating Reiterated at Nomura (FCX)
04/24/201507:13:13Freeport-McMoRan Stock Rating Lowered by Clarkson Capital (FCX)
04/23/201516:13:46Freeport-McMoRan Swings to a Loss--Update

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