Debt-laden Freeport-McMoRan Focuses on Asset Sales, Capex Cuts

SUGAR LAND--April 27, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Debt-laden metals mining and energy firm Freeport-McMoRan Incorporated (FCX) (NYSW:FCX) (Phoenix, Arizona) will cut its Oil & Gas segment workforce by 25% this year, and Chief Executive Officer Richard Adkerson says he is optimistic the company will substantially cut its obligations by reducing costs and selling assets. Industrial Info is tracking 18 Freeport-McMoRan projects worth $3.63 billion. All but $130 million of that amount is tied to two planned mining projects in Indonesia. Within this article: Description of key Freeport McMoRan projects in Indonesia and Peru.