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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
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
04/23/201514:03:46Current Report Filing (8-k)
04/23/201513:13:56Freeport-McMoRan Reports Loss on Hit From Oil Assets
04/23/201513:11:20Freeport-McMoRan Reports Loss on Hit From Oil Assets
04/23/201508:00:00Freeport-McMoRan Reports First-Quarter 2015 Results
04/18/201511:00:02This $20 Billion Oil Bet Looks Like It Blew Up
04/16/201509:05:03Is Oil Too Cheap for This Materials Company to Go it Alone?
04/13/201511:13:20Freeport-McMoRan: Still Feeling Bullish? I Am
04/13/201509:46:17Freeport-McMoRan lower on dueling sell-side moves
04/12/201512:43:03Why Freeport-McMoRan Incâs Stock Dropped 10.3% in March
04/09/201509:38:05Southern Copper, Overvalued, Fair-Value Price At $27
04/09/201506:09:02Stay Away From 3D Printing - Cramer's Lightning Round (4/8/15)
04/03/201507:35:50Reviewing My Decision To Purchase Freeport-McMoRan
04/02/201517:24:06Statement of Changes in Beneficial Ownership (4)
04/02/201517:24:06Statement of Changes in Beneficial Ownership (4)
04/02/201517:19:19Statement of Changes in Beneficial Ownership (4)

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