Carl Icahn files 13D on Freeport-McMoran (FCX)

Go back to Carl Icahn files 13D on Freeport-McMoran (FCX)

Freeport-McMoran (FCX) Comments on Icahn's 13D Filing; Welcomes Constructive Shareholder Input

August 27, 2015 4:43 PM EDT

After the close of the market on August 27, 2015, Carl Icahn filed a Schedule 13D regarding the acquisition of interests in Freeport-McMoRan Inc. (NYSE: FCX).

FCX maintains an open dialogue with our shareholders and welcomes constructive input toward our common goal of enhancing shareholder value.

Earlier today, FCX announced revised capital and operating plans in response to the recent decline in commodity prices resulting in reduced capital expenditures, lower production levels and lower... More

Freeport-McMoran (FCX) Announces Further Cost Cuts; Plans Headcount Reduction

August 27, 2015 8:03 AM EDT

Freeport-McMoran (NYSE: FCX) announced revised capital and operating plans in response to the recent decline in copper prices resulting in reduced capital expenditures, lower production levels and lower operating, administrative and exploration costs. These actions are the results of the previously announced review of operating plans for FCXs mining business.

Since 2013, FCXs business strategy for its global mining business has been focused on the completion of three major organic growth projects in the U.S., South America and Africa and on its long-term development plans in Indonesia, while aggressively managing operations... More