Freeport’s CEO Says Covid Has Changed the Way It Runs Forever
- Cost cuts, higher copper prices position miner for growth: CEO
- Returning capital to investors and debt cuts possible in 2021
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The world’s largest publicly traded copper company says the global Covid-19 pandemic has forced it to become leaner and more nimble than it had ever thought possible -- and it will never go back.
“As a company we’ll never work the same way that we did before this Covid thing came,” Freeport-McMoRan Inc. Chief Executive Officer Richard Adkerson told analysts Thursday on the second-quarter earnings call. “There will be less office space, less meetings, less travel.”