Business
Minorco to Buy U.S.
Feb. 21, 1990
Freeport McMoRan Inc. said today it intends to sell at least $750 million in assets by the middle of 1991 to reduce its debt.
Dec. 17, 1990
California
When the winds blew a certain way, Don Martin said he could smell from his Jefferson Park apartment the pungent odors coming from the Freeport McMoRan Oil and Gas oil site.
May 24, 2015
Petro-Lewis Corp., a loss-ridden oil and gas drilling concern, said Friday that it is in default on some debt payments and is considering filing for Chapter 11 bankruptcy protection.
Nov. 29, 1986
U.S. stocks ended mixed and mostly lower, led by a steep decline in drug company shares.
March 15, 2016
Freeport-McMoRan Inc., a diversified energy and natural resources group, said Wednesday that it will launch a major restructuring and sell up to $1.5 billion in assets, the second time this year the company has taken steps to push up its stock price.
Nov. 30, 1989
Freeport-McMoRan’s chairman said the company will participate in a mining venture once thought to be the world’s richest find only if a new test proves it is economically feasible.
April 30, 1997
World & Nation
The chairman of New Orleans-based Freeport-McMoRan Copper & Gold Inc. said the company will participate in an Indonesian mining venture--once thought to be the world’s richest find--only if new testing proves that the project will be economically viable.
Looking to build on its dominant position in the U.S. fertilizer business, IMC Global Inc. plans to acquire competitor Freeport-McMoRan Inc. for about $800 million in stock.
July 29, 1997
Business: Analysis of samples from Indonesian site fails to show any commercial worth. Canadian owner’s claims said to be based on lies.
May 5, 1997