March 23, 2020 / 12:34 PM / 6 days ago

Freeport-McMoRan to cut costs, suspends dividend

March 23 (Reuters) - Freeport-McMoRan Inc said on Monday it will cut costs, and warned that the revised operating plans would lead to temporary reductions in copper and molybdenum production in the Americas.

The world’s largest publicly traded copper producer also said it would suspend the quarterly cash dividend of $0.05 per share, in the face of the COVID-19 pandemic and global economic uncertainties. (Reporting by Arundhati Sarkar in Bengaluru, Editing by Sherry Jacob-Phillips)

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