Adkerson

"The one trend that's clear to me is that people in undeveloped countries around the world want to live a better life," says Richard Adkerson , chief executive of Freeport-McMoRan Copper & Gold Inc.

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"We have about $450 million of remaining capital to spend on developing that project and $350 million of that is scheduled for this year," Freeport Chief Executive Officer Richard Adkerson said earlier this month.

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"Our ability to produce copper at less than $1 a pound indicates that we're very profitable and can generate cash in excess of our capital-expenditure requirements," Mr. Adkerson said.

Hit by Strikes, Freeport-McMoRan's Net Falls 11% Tatyana Shumsky 2011

"That's the big question," says Richard Adkerson , chief executive of Freeport-McMoRan Copper & Gold Inc.

As China Goes, So Go Commodities Liam Pleven 2011

And of course, the workers who are on strike are not being paid, Chief Executive Richard Adkerson said on a conference call.

Hit by Strikes, Freeport-McMoRan's Net Falls 11% Tatyana Shumsky 2011

"We are actively negotiating with the union, with the assistance of the government," Mr. Adkerson said.

Hit by Strikes, Freeport-McMoRan's Net Falls 11% Tatyana Shumsky 2011

"China continues to consume copper, although there's concern about its credit-tightening activities," Mr. Adkerson said.

Hit by Strikes, Freeport-McMoRan's Net Falls 11% Tatyana Shumsky 2011

"They're concerned about high copper prices because of...the potential substitution, but offsetting that substitution is new markets," Chief Executive Richard Adkerson said.

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Mr. Adkerson said the company is prepared to adjust production to fit changing economic circumstances.

Hit by Strikes, Freeport-McMoRan's Net Falls 11% Tatyana Shumsky 2011

We'll deal with it—this isn't a comparable situation to 2008, but it doesn't give us a lot of visibility currently, said Richard Adkerson , chief executive officer of the world's largest listed copper firm, Freeport McMoRan Copper and Gold Inc.

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