Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Freeport-McMoRan Inc    FCX

Delayed Quote. Delayed  - 10/27 08:31:56 pm
10.75 USD   +1.61%
03:54pDJGlobal Mining, Metals M&A Deal Subdued in 3Q -Study
10/25DJFreeport-McMoRan Swings to Profit After String of Losses
10/25 S&P 500 MOVERS : Nlsn, bhi
News SummaryMost relevantAll newsSector news 

Freeport-McMoRan Copper & Gold Inc. : Freeport-McMoRan Details Production Impact of Indonesia Mine Accident

share with twitter share with LinkedIn share with facebook
share via e-mail
06/12/2013 | 02:45pm CEST
   By Saabira Chaudhuri 

Freeport-McMoRan Copper & Gold Inc. (FCX) said the estimated daily impact of temporarily suspending its operations following a fatal roof collapse at its Indonesia underground training facility last month is about three million pounds of copper and 3,000 ounces of gold.

A tunnel collapsed at Freeport-McMoRan's giant Grasberg mine in Papua province May 14, killing 28 workers undergoing safety training. The other 10 in the training session were rescued.

The training facility is located near its largest underground mine, the Big Gossan, in Papua province. The company shut down operations at all its mines in Papua for safety checks.

For the period between May 15 and Tuesday, the company said the estimated impact on PT Freeport Indonesia's production was about 80 million pounds of copper and 80,000 ounces of gold.

"This was an unprecedented event in our more than 40-year history of operations in Papua," Chairman James R. Moffett and Chief Executive Richard C. Adkerson said. "We are taking all actions required to prevent future incidents and to assure the safety of our workforce."

The Grasberg minerals district in Indonesia is one of the world's largest copper and gold deposits.

Freeport-McMoRan said PT Freeport Indonesia has conducted safety inspections throughout its operations and is working with the Indonesian Department of Energy and Mineral Resources and other authorities to resume operations in a phased approach.

Because of the temporary disruption, PT Freeport Indonesia notified its customers of a force majeure event under its concentrate sales agreements.

Shares rose 1.2% to $29.68 in recent premarket trading. The stock has dropped 13% in the past 12 months.

Write to Saabira Chaudhuri at saabira.chaudhuri@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
03:54pDJGlobal Mining, Metals M&A Deal Subdued in 3Q -Study
10/26 FREEPORT-MCMORAN INC : Results of Operations and Financial Condition, Other Even..
10/25DJFreeport-McMoRan Swings to Profit After String of Losses
10/25 S&P 500 MOVERS : Nlsn, bhi
10/25 FREEPORT MCMORAN : misses 3Q profit forecasts
10/25 FREEPORT MCMORAN : FCX Reports Third-Quarter and Nine-Month 2016 Results
10/25 FREEPORT MCMORAN : Reports Third-Quarter and Nine-Month 2016 Results
10/20FREEPORT-MCMORAN INC : quaterly earnings release
10/20 Lundin Mining Receives Further Extension of TF Holdings Offer Period
10/19 FREEPORT MCMORAN : offloads onshore assets
More news
Sector news : Integrated Mining
04:08pDJVale CEO Signals Disagreement With BHP Over Samarco
03:54pDJGlobal Mining, Metals M&A Deal Subdued in 3Q -Study
08:42a BHP BILLITON : Samarco disaster head to leave company in March
10/26 FTSE hits three-week low; commodities weigh
10/25 Anglo American leads FTSE higher, Whitbread slides
More sector news : Integrated Mining
News from SeekingAlpha
02:49a FREEPORT-MCMORAN : Proving The Cash Flow Thesis
10/26 BARCLAYS : Too Cheap To Ignore
10/26 WALL STREET BREAKFAST : Global Markets Lose Steam
10/25 Freeport-McMoRan (FCX) Q3 2016 Results - Earnings Call Transcript
10/25 Freeport-McMoRan Inc. 2016 Q3 - Results - Earnings Call Slides
Financials ($)
Sales 2016 15 163 M
EBIT 2016 1 462 M
Net income 2016 -3 309 M
Debt 2016 13 950 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017 9,90
EV / Sales 2016 1,85x
EV / Sales 2017 1,73x
Capitalization 14 053 M
More Financials
Duration : Period :
Freeport-McMoRan Inc Technical Analysis Chart | FCX | US35671D8570 | 4-Traders
Full-screen chart
Technical analysis trends FREEPORT-MCMORAN INC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 20
Average target price 10,8 $
Spread / Average Target 1,9%
Consensus details
EPS Revisions
More Estimates Revisions
Richard C. Adkerson Vice Chairman, President & Chief Executive Officer
Gerald J. Ford Non-Executive Chairman
Kathleen L. Quirk Chief Financial Officer, Treasurer & Executive VP
James R. Moffett Chairman-Emeritus
Jon C. Madonna Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BHP BILLITON PLC63.16%87 983
RIO TINTO PLC41.00%64 063
GRUPO MEXICO S.A. DE C..30.01%19 929
More Results