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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 .
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
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.
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 ]
Coulee Dam, Washington was originally two adjacent company towns created in 1933 to support the construction of Grand Coulee Dam – Mason City, owned by lead construction contractor Consolidated Builders Inc., and Engineers' Town, owned by the U.S. Bureau of Reclamation. CBI transferred control of Mason City to Reclamation in 1942.
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).
FCX has agreed to acquire PXP for per-share consideration consisting of 0.6531 shares of FCX common stock and $25.00 in cash, equivalent to total consideration of $50.00 per PXP share, based on ...
In 2006, Arizona Eastern announced the construction of a new 10-mile (16 km) spur from Safford to the new Safford Mine of Freeport-McMoRan Corporation, north of Safford. [4] The mine opened in 2008. In 2008, AZER purchased the Clifton Subdivision from Union Pacific. [2]
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