Freeport-McMoRan announced today that its oil and gas subsidiary, Freeport-McMoRan Oil & Gas, has completed its previously announced sale of its Eagle Ford Shale assets to a subsidiary of Encana for cash consideration of $3.1 billion, before closing adjustments from the effective date of April 1, 2014, through the closing date. The Eagle Ford assets include all of FM O&G’s interests on approximately 45,500 net acres with [...]
Freeport-McMoRan Copper & Gold announced today that its oil and gas subsidiary, Freeport-McMoRan Oil & Gas, has entered into a definitive purchase and sale agreement to acquire certain of Apache interests in the Deepwater Gulf of Mexico, including Apache’s interests in the Lucius and Heidelberg oil production development projects and 11 exploration leases, for $1.4 billion. The Deepwater GOM acquisition will be funded [...]
Freeport-McMoRan Copper & Gold announced today that its oil and gas subsidiary, Freeport-McMoRan Oil & Gas, has entered into a definitive purchase and sale agreement to sell its Eagle Ford Shale assets for $3.1 billion to a subsidiary of Encana. FCX estimates after tax net proceeds from the transaction of approximately $2.5 billion. Approximately half of the proceeds will be used to repay outstanding indebtedness and the [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX): Net income attributable to common stock totaled $510 million, $0.49 per share, for first-quarter 2014, compared with net income of $648 million, $0.68 per share, for first-quarter 2013. Consolidated sales for first-quarter 2014 totaled 871 million pounds of copper, 187 thousand ounces of gold, 27 million pounds of molybdenum and 16.1 million barrels of oil equivalents [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) today declared a cash dividend of $0.3125 per share payable on May 1, 2014 to holders of record as of April 15, 2014 for its common stock. FCX is a premier U.S.-based natural resource company with an industry leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. FCX is the world's largest publicly traded copper [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) today announced that its oil & gas segment, Freeport-McMoRan Oil & Gas (FM O&G), was the apparent high bidder on 20 tracts in the Central Gulf of Mexico Oil and Gas Lease Sale 231 with a total investment of approximately $330 million net to FM O&G. The bids are subject to approval by the U.S. Bureau of Ocean Energy Management and these potential investments were included in [...]
Precious Metals & Mining Sector aims to rebound in 2014 as leaders expand operations & production: DNA Precious Metals Inc. (OTCQB: DNAP), Vale S.A. (NYSE: VALE), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Avino Silver & Gold Mines Ltd. (NYSE: ASM) and EnCana Corp. (NYSE: ECA) DNA Precious Metals Inc. (OTCQB: DNAP) is pleased to announce that it has answered all comments to date from the Quebec Ministry of [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX): Net income attributable to common stock for fourth-quarter 2013 totaled $707 million, $0.68 per share, compared with net income of $743 million, $0.78 per share, for fourth-quarter 2012. Net income attributable to common stock for the year 2013 totaled $2.7 billion, $2.64 per share, compared with $3.0 billion, $3.19 per share, for the year 2012. Consolidated sales for [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced today that it has entered into restructured employment arrangements with its President and Chief Executive Officer, Richard C. Adkerson. FCX and Mr. Adkerson have mutually agreed to terminate Mr. Adkerson’s employment agreement, including Mr. Adkerson’s rights to any specified salary, bonus or other compensation amounts, rights to severance or change-of-control [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) today declared a cash dividend of $0.3125 per share payable on February 3, 2014 to holders of record as of January 15, 2014 for its common stock. FCX is a premier U.S.-based natural resource company with an industry leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. FCX is the world’s largest publicly traded [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced today the appointment of Lydia H. Kennard and Frances Fragos Townsend to its Board of Directors. Lydia H. Kennard, age 59, has over 30 years of executive and operational experience in aviation, construction management and real estate development. She is the President and CEO of KDG Construction Consulting, a provider of project and construction management [...]
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX): Net income attributable to common stock totaled $821 million, $0.79 per share for third-quarter 2013, compared with net income of $824 million, $0.86 per share, for third-quarter 2012. Net income attributable to common stock for the first nine months of 2013 totaled $2.0 billion, $1.96 per share, compared with $2.3 billion, $2.41 per share, for the first nine months of [...]
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