Freeport-McMoRan Chairman and Founder James Moffett to resign

December 28, 2015 3:57 PM

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Freeport-McMoRan Chairman and Founder James Moffett to resign

Mining company is under pressure from slumping commodities prices

Freeport-McMoRan Inc. said Monday that Executive Chairman James R. Moffett would step down, as the beleaguered mining company faces globally low commodities prices, and months after activist investor Carl Icahn took a large stake.

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