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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 ]
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 ...
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.
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