Bloomberg News

Freeport to Drop Copper and Gold From Name After Oil Expansion

July 02, 2014

Freeport-McMoRan Copper & Gold Inc. (FCX:US), the world’s largest publicly traded copper producer, is cutting the metals from its name after diversifying into energy.

It will be known as Freeport-McMoRan Inc. from July 14, “to simplify the company’s existing name and to reflect the company’s expanded portfolio of assets,” it said today in a filing.

The Phoenix-based company expanded into oil last year with its acquisition of Plains Exploration & Production Co. and McMoRan Exploration Co. in two deals valued at about $9 billion.

To contact the reporter on this story: Simon Casey in New York at scasey4@bloomberg.net

To contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net Carlos Caminada


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Companies Mentioned

  • FCX
    (Freeport-McMoRan Inc)
    • $29.59 USD
    • 1.02
    • 3.45%
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