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VOL. 07\u00a0 |\u00a0 ISSUE 3\u00a0 |\u00a0 September 2024<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.24.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.24.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_post_title meta=”off” featured_image=”off” _builder_version=”4.24.2″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.27.0″ _module_preset=”default” custom_margin=”||40px||false|false” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.24.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.0″ _module_preset=”default” header_3_font=”|||on|||||” global_colors_info=”{}”]<\/p>\n
Freeport<\/strong> reported second-quarter 2024 net income attributable to common stock of $616 million, $0.42 per share, and adjusted net income attributable to common stock of $667 million, $0.46 per share, after excluding net charges totaling $51 million, $0.04 per share, primarily associated with nonrecurring labor-contract charges at Cerro Verde and revisions to environmental obligation estimates.<\/p>\n Richard Adkerson<\/strong>, Chairman of the Board, and Kathleen Quirk<\/strong>, President and Chief Executive Officer, said, \u201cOur global team remained focused during the quarter on strong execution of our operating plans, enhancing productivity and cost control, and initiatives to build and advance optionality in our organic growth portfolio. Our team reached an important milestone in Indonesia during the quarter with the start of commissioning of our major new copper smelter, and we are working to execute a safe and efficient ramp-up to full capacity by the end of the year. This strategically important investment is integral to support our long-term, high-quality operations in the Grasberg<\/strong> minerals district. Copper pricing was strong in the second <\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.24.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/fmminermag.com\/htdocs\/wp-content\/uploads\/2024\/09\/Earnings-for-The-Miner.jpg” title_text=”Earnings-for-The-Miner” admin_label=”large image” _builder_version=”4.27.0″ _module_preset=”default” width=”100%” custom_margin=”||10px||false|false” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.27.0″ _module_preset=”default” header_3_font=”|||on|||||” global_colors_info=”{}”]<\/p>\n quarter. The long-term outlook for copper is supported by copper\u2019s increasingly important role in the global economy and limited available supplies to meet growing demand. Freeport is well positioned for the future as a leading, responsible producer of copper with multiple options for future growth and an experienced and innovative team with a track record of accomplishment.\u201d<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”DIVIDER Row” _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.24.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.24.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.0″ _module_preset=”default” header_3_font=”|||on|||||” global_colors_info=”{}”]<\/p>\n Employees now can pursue their educational goals with no out-of-pocket expenses, thanks to commitment grants being offered through a new partnership between the company and Colorado Technical University<\/strong>.<\/p>\n Commitment grants work in conjunction with the company\u2019s tuition reimbursement program to cover 100 percent of college tuition at CTU for eligible, full-time employees in North America who meet program criteria. The fully online program offers associate\u2019s, bachelor\u2019s and master\u2019s degrees using five-week sessions. More than 80 degrees and concentrations are available for the grant, with company approval.<\/p>\n100% Tuition Covered at Colorado Technical University<\/h3>\n