Day: September 6, 2020

Richard C. Adkerson Elected Chair International Council on Mining and Metals

PHOENIX–(BUSINESS WIRE)–Freeport-McMoRan Inc. (NYSE: FCX) is pleased to announce that Richard C. Adkerson, Vice Chairman of the Board, President and Chief Executive Officer, has been elected Chair of International Council on Mining and Metals (ICMM).

As a founding member of the ICMM, FCX has played an active role in many key initiatives of ICMM through the years. Richard became a member of Council in 2005 and served as Chair from 2008-2011. He also led FCX’s active participation in the recent development of the new Global Industry Standard on Tailings Management.

“This is an especially important time as the industry responds to the unprecedented COVID-19 health crisis and the growing focus on environmental, social and governance (ESG) performance by stakeholders in the global metals and mining industry,” Adkerson said. “I look forward to working collaboratively with ICMM members to advance important initiatives reflective of our collective commitment to high

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NC tech companies move money to Black-owned M&F Bank

DURHAM, N.C. — When William Spruill recently raised $3.5 million for his technology company Global Data Consortium, he began to think about where to park the company’s growing assets.



a large brick building: The Mechanics and Farmers Bank building in downtown Durham.


© John Rottet/News & Observer/TNS
The Mechanics and Farmers Bank building in downtown Durham.

The choice was likely to be a large national bank, which could offer the best interest rates on the account. But after George Floyd’s killing in Minnesota in May, Spruill, one of the few Black CEOs in the Triangle’s tech scene, wanted his money to have more of an impact on local communities of color.

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So, he opened an account at M&F Bank, a Durham-based bank that is one of the oldest Black-owned banks in the country. He ended up putting $3 million of his company’s money there, where he believes it’s more likely to be used in loans to other Black entrepreneurs and businesses.

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