Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced the pricing of $3.0 billion of senior notes. Following is a summary of the three tranches:
|1.40% Senior Notes (1)||$0.5 Billion||Due February 13, 2015|
|2.15% Senior Notes (2)||$0.5 Billion||Due March 1, 2017|
|3.55% Senior Notes (3)||$2.0 Billion||Due March 1, 2022|
FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX has a dynamic portfolio of operating, expansion and growth projects in the copper industry and is the world’s largest producer of molybdenum.The company’s portfolio of assets includes the Grasberg minerals district in Indonesia, the world’s largest copper and gold mine in terms of recoverable reserves; significant mining operations in the Americas, including the large scale Morenci minerals district in North America and the Cerro Verde and El Abra operations in South America; and the Tenke Fungurume minerals district in the Democratic Republic of Congo.