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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 mine was started as the Chino Copper Company in 1909 by mining engineer John M. Sully and Spencer Penrose, [1] [2] [3] and is currently owned and operated by Freeport-McMoRan Inc. subsidiaries. The area where the mine is located is at an average elevation of 5,699 feet (1,737 m).
Tyrone is located 5 miles (8.0 km) northeast of the original town of Tyrone, which was destroyed by mining operations. [2] The townsite was built by the Phelps Dodge mining company (now Freeport-McMoRan) to house miners. Between 1968 and 1972, there were 320 homes built; four or five more have been added since then.
Copper miner Freeport McMoRan (NYSE: FCX) has significant potential to soar over the coming decade, in line with a rise in the price of copper and the company's ability to expand production. Here ...
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 ...
PHOENIX & HOUSTON & NEW ORLEANS--(BUSINESS WIRE)-- Freeport-McMoRan Copper & Gold Inc. (NYS: FCX) , Plains Exploration & Production Company (NYS: PXP) and McMoRan Exploration Co. (NYS: MMR ...
New Mexico is currently the nation's number-three copper-producing state. Copper is produced from two large open-pit porphyry copper operations in Grant County: the Chino Mine and the Tyrone mine. Both mines are owned and operated by Freeport-McMoRan. In 2007, the two mines produced 249 million pounds (113 thousand tonnes) of copper, as well as ...
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