30 Oct 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider Frances F Townsend bought 350 shares on the open market at $28.41.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
7 Oct 2014material agreement● NeutralMajor
FCX agreed to sell its 80% stake in the Candelaria and Ojos del Salado copper mines in Chile to Lundin Mining for about $1.8 billion cash plus up to $0.2 billion in contingent payments tied to future copper prices.
25 Aug 2014director interest notice● Neutral
FREEPORT-MCMORAN INC VP & Controller Financial Rptg C Donald Jr. Whitmire gifted 2,100 shares.
28 July 2014material agreement● NeutralMajor
PT Freeport Indonesia signed a memorandum of understanding with the Indonesian government to resume copper concentrate exports that had been halted by an export ban, agreeing to higher royalties (4.0% on copper and 3.75% on gold, up from 3.5%/1.0%) and a $115 million assurance bond while negotiating a long-term contract covering divestment of up to 30% to Indonesia and continued mining operations through 2041.
6 June 2014agm notice● Neutral
FCX began using a shareholder-engagement presentation on June 6, 2014. It defended its board changes and its overhauled executive pay (including salary cuts and Adkerson's RSU grant) and argued against the stockholder proposal on an environmental-expert director.
3 June 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider H Devon Jr. Graham received 7,900 shares as part of the equity award.
3 June 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider Dustan E Mccoy received 7,900 shares as part of the equity award.
3 June 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider Robert Day received 7,900 shares as part of the equity award.
3 June 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider Lydia H Kennard received 7,900 shares as part of the equity award.
3 June 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider Stephen H Siegele received 7,900 shares as part of the equity award.
3 June 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider Charles C Krulak received 7,900 shares as part of the equity award.
3 June 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider Frances F Townsend received 7,900 shares as part of the equity award.
3 June 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider Gerald J Ford received 7,900 shares as part of the equity award.
3 June 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider Robert J Jr. Allison received 7,900 shares as part of the equity award.
3 June 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider Jon C/ Madonna received 7,900 shares as part of the equity award.
3 June 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider Alan R III Buckwalter received 7,900 shares as part of the equity award.
3 June 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider Fry Thomas A III received 7,900 shares as part of the equity award.
3 June 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider Bobby Lee Lackey received 7,900 shares as part of the equity award.
2 June 2014debt financing● Neutral
FCX amended its revolving credit facility, extending the maturity by a year to May 2019 and increasing lender commitments by $1 billion to $4.0 billion, leaving about $3.5 billion available.
28 May 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider Gerald J Ford exercised stock options for 21,890 shares and disposed of 21,890 shares.
13 May 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider Robert Day exercised stock options for 20,000 shares and disposed of 20,000 shares.
8 May 2014director interest notice● Neutral
FREEPORT-MCMORAN INC insider H Devon Jr. Graham exercised stock options for 1,890 shares and disposed of 3,780 shares.
29 Apr 2014agm notice● Neutral
FREEPORT-MCMORAN INC announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
8 Apr 2014securities registration● Neutral
FREEPORT-MCMORAN INC amended an already-effective registration statement.
2 Apr 2014director interest notice● Neutral
FREEPORT-MCMORAN INC Vice Chairman of the Board James C Flores exercised stock options for 42,906 shares and disposed of 85,812 shares.
5 Mar 2014director interest notice● Neutral
FREEPORT-MCMORAN INC Chairman of the Board James R Moffett disposed of 1,000,001 shares via option/appreciation-right settlement.
19 Feb 2014director interest notice● Neutral
FREEPORT-MCMORAN INC VP & Controller Financial Rptg C Donald Jr. Whitmire gifted 485 shares.
19 Feb 2014director interest notice● Neutral
FREEPORT-MCMORAN INC Exec. Vice President and CAO Michael J Arnold had 4,755 shares withheld for taxes on vesting stock.
19 Feb 2014director interest notice● Neutral
FREEPORT-MCMORAN INC EVP, CFO & Treasurer Kathleen L Quirk had 6,046 shares withheld for taxes on vesting stock.
19 Feb 2014director interest notice● Neutral
FREEPORT-MCMORAN INC Chairman of the Board James R Moffett disposed of 46,539 shares via option/appreciation-right settlement.