Form 8-K FREEPORT-MCMORAN INC For: Dec 30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 30, 2016
FREEPORT-McMoRan INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-11307-01 | 74-2480931 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
333 North Central Avenue | |
Phoenix, AZ | 85004 |
(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (602) 366-8100
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
Freeport-McMoRan Inc. (“FCX”) issued a press release dated December 30, 2016, announcing that it has completed the previously announced sale of its onshore California properties to Sentinel Peak Resources California LLC. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated in this Item 8.01 by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The Exhibit included as part of this Current Report is listed in the attached Exhibit Index.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Freeport-McMoRan Inc. | |
By: | /s/ Kathleen L. Quirk |
Kathleen L. Quirk | |
Executive Vice President, Chief Financial Officer | |
& Treasurer (authorized signatory and | |
Principal Financial Officer) | |
Date: January 3, 2017
Freeport-McMoRan Inc.
Exhibit Index
Exhibit
Number
Press release dated December 30, 2016, titled “Freeport-McMoRan Completes Sale of Onshore California Properties.” | ||
333 North Central Avenue Phoenix, AZ 85004 | Financial Contacts: | Media Contact: | |||
Kathleen L. Quirk (602) 366-8016 | David P. Joint (504) 582-4203 | Eric E. Kinneberg (602) 366-7994 |
Freeport-McMoRan Completes
Sale of Onshore California Properties
PHOENIX, AZ, December 30, 2016 - Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has completed the previously announced sale of its onshore California properties to Sentinel Peak Resources California LLC for $592 million in cash, before closing adjustments.
Under the terms of the agreement, FCX has the right to receive additional proceeds of $50 million per annum in each of 2018, 2019 and 2020 if the price of Brent crude oil averages $70 per barrel or higher in that calendar year.
During 2016, FCX completed $6.6 billion in asset sale transactions and retains an industry leading portfolio of high quality, long-lived copper assets.
FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX is the world's largest publicly traded copper producer.
FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world's largest copper and gold deposits; significant mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.
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Freeport-McMoRan | 1 |
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