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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 .
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 ...
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.
Despite a U.S. jobs report that proved to be favorable for a mining company like Freeport-McMoRan , it is difficult to determine if the stock's 2.9% advance during Friday's session was a dead cat ...
Freeport-McMoRan announced today that it has restructured its employment agreement with CEO Richard Adkerson, tying his compensation to the stock's peformance. Under the new agreement, Adkerson ...
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 ]