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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 .
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.
Prospectors from Silver City, New Mexico discovered copper mineralization at Morenci, also known as the Greenlee district in 1872. Mining began the following year, and miners extracted and smelted high-grade copper ore until a railroad reached the district in 1884 and a concentrator made mining and processing of low-grade ore economical.
Morenci is a census-designated place (CDP) and company town in Greenlee County, Arizona, United States, and was founded by the Detroit Copper Mining Company of Arizona. The population was 2,000 at the 2000 census and 1,489 at the 2010 census . [ 3 ]
Richard C. Adkerson is an American business executive who currently serves as Chairman of the Board at Freeport-McMoRan. [1] He was the chief executive officer (CEO) of Freeport from 2003 until June 2024 and has been a member of its board since 2006, taking on the role of chairman in February 2021.
On Monday, March 19, 2007, Phelps Dodge Corporation was acquired by Freeport-McMoRan (NYSE: FCX), creating the world's largest publicly traded copper company, with 25,000 employees at acquisition. At the time of its acquisition in 2007, Phelps Dodge Corporation had large copper mining operations in Bagdad , Morenci , Sahuarita , Safford and ...
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