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ASARCO (American Smelting and Refining Company) is a mining, smelting, and refining company based in Tucson, Arizona, which mines and processes primarily copper. The company has been a subsidiary of Grupo México since 1999. Its three largest open-pit mines are the Mission, Silver Bell and Ray mines in Arizona. Its mines produce 350,000,000 to ...
In 1981, the company formed a 70/30 joint venture with an affiliate of FMC Corporation to operate the Jerritt Canyon gold mine near Elko, Nevada. [24] In 1985, the company headquarters moved to New Orleans, Louisiana. [12] The company also sold a 25% interest in oil and gas assets primarily in the western United States to Britoil for $73.5 million.
Arizona's economy historically relied on the "five C's": copper, cotton, cattle, citrus, and climate. [3] While Arizona's copper mining is still the nation's primary source of the metal, services and manufacturing are now the drivers of the state's economy.
The Morenci Mine is a large copper mine located near Morenci, Arizona, United States.Morenci represents one of the largest copper reserves in the United States and in the world, having estimated reserves of 3.2 billion tonnes (3.5 × 10 9 short tons) of ore grading 0.16% copper.
In Arizona, copper mining has been a major industry since the 19th century. In 2007, Arizona was the leading copper-producing state in the country, producing 750 thousand metric tons of copper, valued at $5.54 billion. Arizona's copper production was 60% of the total for the United States. Copper mining also produces gold and silver as ...
It is located in Yavapai County, Arizona, just west of the company town of Bagdad. It is currently owned by Freeport-McMoRan. Copper is produced from chalcopyrite and molybdenum from molybdenite. Copper oxides include chrysocolla, malachite and azurite. The mine's concentrator has a capacity of 75,000 metric tons per day using stockpile ...