Tuesday, 10 July 2007

UPDATE 1-Freeport-McMoRan cuts debt from Phelps Dodge deal

(Reuters) - The company has shrunk its total term debt from $10
billion, helped by strong cash flows from high copper and gold
prices and equity financings.




Freeport-McMoRan bought peer Phelps Dodge for $26 billion
earlier this year.


Read more at Reuters.com Bonds News

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