Freeport-McMoRan (FCX) will be selling a 13% ownership interest in its Morenci mine for $1 billion. The sale will likely help FCX bring down its debt.

Freeport-McMoRan had fallen to near $3.50 a share last month. The deal announced Sunday will raise $1 billion in cash from Sumitomo Metal Mining Co. for their joint venture in the Morenci mine.

Freeport-McMoRan Inc. (NYSE: FCX ) revealed that it completed its previously announced sale of a 13 percent stake in its Morenci unincorporated joint venture to Sumitomo Metal Mining Co. Ltd. (SMM ...

Morenci, Metcalf open pit ... By 1942, a new onsite concentrator handled the ore brought in by rail and truck haulage extracted by power shovel. ... Freeport-McMoRan acquired Phelps Dodge in 2007.

Freeport-McMoRan Inc. (NYSE:FCX) Q4 2022 Results Conference Call January 25, 2023 10:00 AM ETCompany ParticipantsKathleen Quirk - PresidentRichard Adkerson ...

MORENCI, Ariz.—Two years ago, Freeport-McMoRan Inc., one of the world's top copper miners, paid 69-year-old cowboy Richard Kaler $1.3 million for 280 acres of rocky ranchland in the eastern ...

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Freeport-McMoRan Copper & Gold Inc <FCX.N> has added employees at its Miami and Morenci mines in Arizona as part of its plan to restart and expand operations there, a company spokesman said on ...

MORENCI, Ariz.—Two years ago, Freeport-McMoRan Inc., one of the world's top copper miners, paid 69-year-old cowboy Richard Kaler $1.3 million for 280 acres of rocky ranchland in the eastern ...