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Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum , a major copper producer and operates the world's largest gold mine , the Grasberg mine in Papua, Indonesia .
In 2017, copper production at Morenci was 737 million pounds (334,000,000 kg). 3,300 people were employed there. [3] As production declined, it was estimated in 2023 that the mine would be exhausted in 20 years. [4] The mine is served by the Freeport-McMoRan Industrial Railroad, which interchanges with Arizona Eastern Railway in Clifton.
The biggest employer in Morenci (and in nearby Clifton) and the owner of the town is Freeport-McMoRan, the owner of the Morenci Mine, the largest copper mining operation in North America, and one of the largest copper mines in the world. The town was a site of the Arizona Copper Mine Strike of 1983. The large open-pit mine is north of the town.
It's beginning to look like Freeport-McMoRan Copper & Gold's acquisition of oil and gas produce Plains Exploration was prescient. The prospects of an extended closure of its huge Grasberg mine ...
As part of a big bet on oil and gas, Freeport-McMoRan picked up some intriguing possibilities for future growth. The most intriguing, however, are its ultra-deep prospects in the shallow waters of ...
After a spate of tragic accidents claimed the lives of dozens of workers at its huge Grasberg gold and copper mine in Indonesia, Freeport-McMoRan was given the go-ahead by the government to reopen ...
The Morenci mine, owned jointly by Freeport-McMoran and Sumitomo, is the largest copper producer in the state, and regularly contributes about half of Arizona's copper production. Bisbee (Warren district)
Rank Mine County and State Owner Source of copper Annual production (thousand tonnes) 1 Morenci: Greenlee County, Arizona: Freeport-McMoRan (72%), Sumitomo Group (28%): Open pit, copper-molybdenum ore, producing copper cathode, copper and molybdenum concentrates