Freeport gives green light to start Climax molybdenum production in 2012

Freeport McMoRan Copper & Gold has made a decision to start production at its Climax molybdenum project in Colorado next year, CEO Richard Adkerson said on Thursday. Production will ramp up to an annual rate of 20-million pounds a year by 2013,...

Freeport studies projects with potential to add 1bn lb/y copper by 2016

Freeport-McMoRan Copper & Gold, the biggest publicly traded copper producer, is evaluating three expansion projects that could increase copper production by around one-billion pounds a year by 2016, CFO Kathleen Quirk said on Wednesday. Together,...

Freeport bullish on outlook, pushing hard to boost production

Freeport-McMoRan Copper & Gold is still “aggressively” looking to increase production from its operations, to take advantage of what CEO Richard Adkerson said is a “very positive” outlook for copper. Speaking on a conference call on...

S&P raises Freeport to 'hold'

Standard & Poor's Equity Research metals and mining analyst Leo Larkin has raised his recommendation on Freeport-McMoRan Copper & Gold's shares to 'hold' from 'sell'. Shares in Freeport, the biggest publicly traded copper producer, have fallen...

Freeport mulling DRC rail projects after securing new contract terms for $2bn Tenke copper project

Freeport-McMoRan Copper & Gold, the largest publicly traded copper producer, may build rail lines to transport ore from its $2-billion Tenke project, in the Democratic Republic of Congo (DRC), after agreeing new contract terms with the African...

Freeport DRC contract deal close enough to win-win

The agreement announced on Friday by the government of the Democratic Republic of Congo, Phoenix-based Freeport-McMoRan Copper & Gold and its junior partner Lundin Mining looks like a "good compromise" for all concerned, said Menas Associates...

DRC govt resolution on Tenke 'imminent' – Freeport CEO

Freeport-McMoRan Copper & Gold expects an announcement "imminently" on the resolution of negotiations about the contract for its Tenke Fungurume project, in the Democratic Republic of Congo, according to CEO Richard Adkerson. Reuters reported...

Freeport lines up copper projects, no need for acquisitions

With a long – and getting longer – list of expansion projects at its operations in North and South America, Indonesia and Africa, Freeport-McMoRan Copper & Gold has little incentive to look at buying more assets, CEO Richard Adkerson commented...

Freeport may look at buy-back or dividend by end-2010 – analysts

Phoenix-based Freeport-McMoRan Copper & Gold could potentially buy back stock or reinstate a dividend to common shareholders before the end of 2010, after the firm announced on Tuesday it has called for the redemption of its 5,5% convertible...

Freeport-McMoRan interim profit down

Phoenix-based Freeport-McMoRan Copper & Gold’s net income of $631-million for the first six months of 2009 was down almost 70% on the $2,07-billion achieved in the first six months of 2008, as copper prices remained low owing to the global...

Freeport studies expansion options at Tenke Fungurume

With copper cathode production under way at Freeport-McMoRan Copper & Gold's giant copper/cobalt project in the Democratic Republic of Congo, the company is now looking at options for expanding the operation. The first copper at the Tenke...

Copper-miner Freeport upbeat on outlook for '09

After gritting its teeth for the last six months through painful cutbacks, layoffs and project deferrals, the world's biggest publicly traded copper miner is feeling pretty good about its prospects for the rest of this year, president and CEO...