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Clifton, AZ

Dec 17, 2007

Freeport expects to pay PD buyout debt early

“Our financial policy will be reviewed on an ongoing basis and will be designed to maintain a strong balance sheet, enable financial flexibility to invest in organic growth and provide strong cash returns to shareholders subject to market conditions”

Prior to Freeport-McMo-Ran Copper & Gold Inc.'s acquisition of Phelps Dodge this spring, industry analysts questioned whether FMI was biting off more than it could chew because of the large debt it assumed to ... via Eastern Arizona Courier

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