Freeport-McMoRan Copper & Gold Inc. Announces Redemption of 11.875% Senior Notes Due 2014
15 Oktober 2013 - 5:45PM
Business Wire
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced
today a notice to redeem on November 15, 2013 at par all of the
outstanding McMoRan Exploration Co. 11.875% Senior Notes due 2014
(“Notes”). Approximately $299.2 million aggregate principal amount
of Notes is currently outstanding.
Holders of record will receive the principal amount together
with accrued and unpaid interest from May 15, 2013 to the
redemption date. FCX expects to record a gain to net income of
approximately $8 million in the fourth quarter of 2013 in
connection with the redemption. The Bank of New York Mellon Trust
Company, N.A., as trustee, has distributed to the registered note
holders written notice of the terms of the redemption.
FCX is a premier U.S.-based natural resource company with an
industry leading global portfolio of mineral assets, significant
oil and gas resources and a growing production profile. FCX is the
world’s largest publicly traded copper producer.
FCX’s portfolio of assets includes the Grasberg minerals
district in Indonesia, one of the world’s largest copper and gold
deposits; significant mining operations in the Americas, including
the large-scale Morenci minerals district in North America and the
Cerro Verde and El Abra operations in South America; the Tenke
Fungurume minerals district in the Democratic Republic of Congo;
and significant oil and natural gas assets in North America,
including reserves in the Deepwater Gulf of Mexico, onshore and
offshore California, in the Eagle Ford and Haynesville shale plays
and an industry leading position in the emerging shallow water,
ultra-deep gas trend on the Shelf of the Gulf of Mexico and onshore
in South Louisiana. Additional information about FCX is available
on FCX's website at www.fcx.com.
Freeport-McMoRan Copper & Gold Inc.Financial
Contacts:Kathleen L. Quirk,
602-366-8016orDavid P. Joint,
504-582-4203orMedia Contact:Eric E. Kinneberg,
602-366-7994
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