Freeport-McMoRan Copper & Gold Inc (NYSE:FCX)’s Operational and Stock Updates


Dallas, Texas 11/20/2013 (Financialstrend) – In Tuesday’s trading session, Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) dropped by 0.25%. The shares opened at a price of $36.42, which touched the intraday high of $36.74 and headed to a close of $36.40. Around 7.58M shares were traded over Tuesday and an average volume of 11.73 million shares were traded over a 30 day period. The 52-week low of Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) shares is $26.37 and its 52-week high is $39.54. The company has a market capitalization of $37.79 billion.

About the company
Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) was formed on 10th November 1987. It is a global mining company. The company is one of the gold, copper and molybdenum-mining companies with reference to reserves and production. Freeport-McMoRan Copper & Gold Inc (NYSE:FCX)’s portfolio of assets covers the Grasberg minerals-district located in Indonesia, mining-operations in North & South America, & the Tenke Fungurume minerals-district in the DRC. The Grasberg minerals-district contains its recoverable copper-reserve & the gold -reserve.

The company also operates Atlantic Copper, the 100%- owned copper smelting& refining unit in Spain. Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) has divided its operations into 5 primary-divisions: 1- North America copper mines, 2- South America mining, 3- Indonesia mining, 4- Africa mining and 5- Molybdenum operations. In 2013 May, Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) completed the acquisition of Plains Exploration and Production Company. In 2013 June Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) acquired the remainder 64 percent stake in McMoRan Exploration Company.

As of 31st December 2012, the consolidated recoverable-proven & probable reserves totaled 116.5B pounds of copper, 32.5M-ounces of gold, 3.42B-pounds of molybdenum, 321.4M-ounces of silver & 0.84B-pounds of cobalt. Around 33% of Freeport-McMoRan Copper & Gold Inc (NYSE:FCX)’s copper reserves are located in North America, 33 percent are situated in South America, 27% are located in Indonesia & 7% are in Africa.