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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 .
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Due to lower molybdenum prices, Freeport-McMoRan announced in November 2008 that it was deferring the plan to reopen the Climax mine. [9] [10] At the time, the company had spent about US$200 million preparing for a restart of the mine, with an estimated US$350 million more needed to complete the capital improvements and reopen. [11]
Freeport-McMoRan Center (formerly One Central Park East) is a highrise located in Downtown Phoenix, Arizona. It is located adjacent to Arizona State University's Downtown campus . Upon completion in 2009, the building was the first high-rise office tower to open in Downtown Phoenix in nearly eight years.
If the price of copper doesn't rise or stays within the current range, it won't make sense to buy copper miner Freeport-McMoRan (NYSE: FCX). The Motley Fool Stock Advisor analyst team just ...
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Freeport-McMoRan stock hit a low point in March 2020 when copper prices hit a low point. But the metal, as noted, has more than doubled in price since, and the company's stock has gained more than ...
The Henderson mine, which has produced molybdenum since 1976, is owned by Freeport-McMoRan. The mine is North America's largest producer of primary molybdenum. 2007 production was 40 million pounds of molybdenum, with a value of $1.1 billion. [1]