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Freeport-McMoRan Is Looking for Ways to Expand Copper Production, CEO Says [Financial Post (Toronto, Ontario, Canada)]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — US copper giant Freeport-McMoRan Inc. believes it can unlock the equivalent of a large new mine by applying new processing technology at its existing assets, according to new Chief Executive Officer Kathleen Quirk. Quirk, who steps into the role on Tuesday to become the only female CEO of a major listed mining company, said in an interview that Freeport isn't under pressure to follow rivals like BHP Group in seeking acquisitions, and will instead focus on innovation to grow production and lower costs. Article content The new CEO takes the helm of a company that is riding high. Freeport is one of the largest producers of copper at a time when investors are piling into the market to position for future shortages — helping to drive prices to a record in recent weeks — while western governments are focused on securing supply of critical metals. The co Show less Read more
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