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Press Releases

Praxair Signs Long-Term Contract with MEGlobal, Expands Carbon Dioxide Capabilities in the U.S. Gulf Coast

DANBURY, Conn.---- Praxair, Inc., a leading global industrial gas company, today announced it signed a long-term contract with MEGlobal to supply oxygen and nitrogen to its new ethylene glycol plant being built in Freeport, Texas. As part of this project, Praxair will also construct a new carbon dioxide purification and liquefaction facility. “We have enjoyed a...

Source: Business Wire

UPDATE 1-Miner Freeport-McMoRan cuts its sales forecast for 2016

The world's biggest publicly listed copper producer, which had a debt of $19 billion as of Sept. 30, unveiled in July a $1.5 billion share issue to help cut its debt and shift focus from its high-profile asset sales plan. Phoenix- based Freeport, which is under pressure from activist investor Carl Icahn, also cut a quarter of jobs in its oil and gas business in April and...

Source: Reuters

Freeport-McMoRan misses 3Q profit forecasts

PHOENIX— Freeport-McMoRan Inc. on Tuesday reported third-quarter net income of $217 million, after reporting a loss in the same period a year earlier. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. Freeport-McMoRan shares have increased 50 percent since the beginning of the year, while the...

Source: The Associated Press

Miner Freeport-McMoRan returns to profit after nearly 2 years

Oct 25- Diversified U.S. miner Freeport-McMoRan Inc swung to a profit after seven quarters of losses, helped by cost cutting and asset sales to combat a weakened commodity market. The company's net income attributable to shareholders was $217 million, or 16 cents per share, in the third quarter ended Sept. 30, compared with a loss of $3.83 billion, or $3.58 per share, a...

Source: Reuters

Freeport-McMoRan Reports Third-Quarter and Nine-Month 2016 Results

After adjusting for net gains totaling $39 million, $0.03 per share, third-quarter 2016 adjusted net income attributable to common stock totaled $178 million, $0.13 per share. Consolidated sales totaled 1.2 billion pounds of copper, 317 thousand ounces of gold, 16 million pounds of molybdenum and 12.0 million barrels of oil equivalents for third-quarter...

Source: Business Wire

Titan International Announces the Results of First Large Planting Test for LSW Tires

Mark Stallings of Charleston, MO wanted proof that the Goodyear LSW Super Single tires were improving his bottom line so he put them to the test last spring in a corn and soybean plot and the harvest data is rolling in. Recently, Titan's Chairman and CEO, Morry Taylor, and Titan International President, Paul Reitz, met with Mr. He chose two fields with comparable...

Source: PR Newswire

Fitch Affirms MSCI 2007-IQ15

NEW YORK---- Fitch Ratings has affirmed 15 classes of Morgan Stanley Capital I Trust, series 2007- IQ15 Mortgage Pass-Through Certificates, Series 2015- GC34. As of the September 2016 distribution date, the pool's aggregate principal balance has been reduced by 40.7% to $1.2 billion from $2.05 billion at issuance. Modeled Losses: Fitch modeled losses of 8.8% of...

Source: Business Wire

UPDATE 1-Mining resumes at Freeport Indonesia copper mine

JAKARTA, Oct 19- Operations at Freeport-McMoRan Inc's Grasberg open pit copper mine in Indonesia have resumed after a one-day stoppage following a fatal incident at the mine late on Monday. "Today operations returned to normal," Freeport Indonesia spokesman Riza Pratama said. Indonesia's Coal and Minerals Director General Bambang Gatot denied earlier...

Source: Reuters

UPDATE 1-Congo miner challenges Freeport sale of Tenke mine in international court

KINSHASA, Oct 19- Democratic Republic of Congo state miner Gecamines has challenged Freeport McMoRan Inc's sale of its majority stake in the country's Tenke copper mine at the International Court of Arbitration in Paris, Gecamines said on Wednesday. Gecamines Secretary-general Deogratias Ngele told Reuters that Gecamines had asserted a right of first...

Source: Reuters

Florida Animal Shelter Takes in 73 Purebred Great Danes

FREEPORT, Fla., Oct. 18, 2016/ PRNewswire/-- Alaqua Animal Refuge, a no-kill animal shelter located in Northwest Florida, has taken custody of 73 Great Danes that were recently involved in a large scale breeding operation. The Refuge was contacted by concerned family members of a "puppy mill" owner in declining health, after it was discovered he had abandoned the...

Source: PR Newswire