Each one in plain English, with the numbers worked through for a shareholder.
9 May 2016material agreement▲ GoodMajor
FCX agreed to sell its 56%-effective interest in Tenke Fungurume Mining (Democratic Republic of Congo copper/cobalt) to China Molybdenum for $2.65 billion cash plus up to $120 million in contingent payments -- its largest divestiture yet in the debt-reduction campaign.
Freeport-McMoRan filed its definitive proxy statement for the June 8, 2016 annual meeting. Stockholders were asked to elect eight directors, ratify Ernst & Young, vote on executive pay, and approve proxy access, a share increase to 3 billion and a new stock incentive plan.
FREEPORT-MCMORAN INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
FCX agreed to sell a 13% interest in its Morenci, Arizona copper mine to Sumitomo Metal Mining for $1.0 billion cash, part of a broader push to pay down the debt from its oil and gas expansion.
FREEPORT-MCMORAN INC VP & Controller Financial Rptg C Donald Jr. Whitmire received 5,500 shares and a 75,000-share option grant as part of the equity award.
Freeport-McMoRan's 10-Q for the quarter ended September 30, 2015 showed revenues of $3,681 million and a net loss attributable to common stockholders of $3,830 million.
Freeport-McMoRan reported third-quarter 2015 revenues of $3,681 million and a net loss attributable to common stock of $3.8 billion, mostly from oil and gas property write-downs.
High River Limited Partnership, Hopper Investments LLC, Barberry Corp, Icahn Partners Master Fund LP, Icahn Offshore LP, Icahn Partners LP, Icahn Onshore LP, Icahn Capital LP, IPH GP LLC, Icahn Enterprises Holdings L.P, Icahn Enterprises G.P. Inc, Beckton Corp, Carl C. Icahn reported a FREEPORT-MCMORAN INC shareholding of 100,000,000 shares (8.80% of votes) in a periodic institutional filing.
High River Limited Partnership, Hopper Investments LLC, Barberry Corp, Icahn Partners Master Fund LP, Icahn Offshore LP, Icahn Partners LP, Icahn Onshore LP, Icahn Capital LP, IPH GP LLC, Icahn Enterprises Holdings L.P, Icahn Enterprises G.P. Inc, Beckton Corp, Carl C. Icahn reported a FREEPORT-MCMORAN INC shareholding of 100,000,000 shares (8.80% of votes) in a periodic institutional filing.