Freeport-McMoRan Copper & Gold Inc. Declares Quarterly Cash Dividend on Common Stock
24 Juni 2010 - 5:20PM
Business Wire
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) today
declares a cash dividend of $0.30 per share payable on August 1,
2010 to holders of record as of July 15, 2010 for its common
stock.
As previously announced in April 2010, FCX’s Board of Directors
authorized an increase in the annual cash dividend on its common
stock from $0.60 per share to $1.20 per share, payable quarterly at
a rate of $0.30 per share. The declaration and payment of dividends
is at the discretion of FCX’s Board of Directors and will depend on
FCX’s financial results, cash requirements, future prospects, and
other factors deemed relevant by the Board.
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 has a dynamic portfolio of
operating, expansion and growth projects in the copper industry and
is the world’s largest producer of molybdenum.
The company’s portfolio of assets includes the Grasberg mining
complex, the world’s largest copper and gold mine in terms of
recoverable reserves, significant mining operations in the
Americas, including the large scale Morenci and Safford minerals
districts in North America and the Cerro Verde and El Abra
operations in South America, and the Tenke Fungurume minerals
district in the Democratic Republic of Congo. Additional
information about FCX is available on FCX’s web site at
“www.fcx.com.”
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