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Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines; South America Mining; Indonesia Mining; Molybdenum Mines; Rod and Refining; Atlantic Copper Smelting and Refining; and Corporate, Other, and Eliminations. Read More The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona; and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America, and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other, and Eliminations segment consists of other mining and eliminations, oil and gas operations, and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.
52 Week High
52 Week Low
Freeport-McMoRan: Waiting Game
Freeport-McMoRan (FCX) shares are down 50% from early 2018 and just dropped below $10.00 for the first time in years. As someone who has followed the company for a decade, I can't help but scratch my head at this one. The company is trading at a small fraction of what it would cost to replicate its assets. Freeport's earnings, cash flows, and dividend, while temporarily low, are sure to be significantly higher going forward. But now that the stock is so low, a wide range of excuses are surfacing as to why....
Seeking AlphaMay 23
Freeport McMoRan to sell part of cobalt business for $150M
Freeport McMoRan (NYSE:FCX) agrees to sell its Finland cobalt refinery and related cobalt cathode precursor business to Umicore for $150M. FCX and its partners will retain Freeport Cobalt's remaining cobalt business, which has operations in Finland and sales offices in the U.S., Europe and Asia. Lundin Mining (OTCPK:LUNMF) is entitled to receive 30% of the transaction proceeds....
Yahoo FinanceMay 23
Freeport-McMoRan Announces Agreement to Sell Portion of Cobalt Business
PHOENIX--(BUSINESS WIRE)-- Freeport-McMoRan Inc. (FCX) announced today an agreement to sell its cobalt refinery in Kokkola, Finland and related cobalt cathode precursor business to Umicore for total consideration of approximately $150 million, plus working capital at the time of close. Under the terms of the agreement, FCX will separate its cobalt business prior to completing the transaction. Umicore will acquire the refinery and cathode precursor business, which represents approximately 60 percent of the...
Expected Jul 25, Pre-Market