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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 .
Investors likely know Freeport McMoRan Copper & Gold as just a heavyweight in the copper and gold mining industry. Going forward, all that's about to change. Not only will Freeport remain a mining ...
Reasons to buy Freeport-McMoRan stock. Copper isn't a precious metal, like gold and silver. It is an industrial metal with all sorts of uses thanks to its ability to conduct electricity, its ...
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). That said, the investment case for the stock rests on ...
It's beginning to look like Freeport-McMoRan Copper & Gold's acquisition of oil and gas produce Plains Exploration was prescient. The prospects of an extended closure of its huge Grasberg mine ...
Freeport operates a large copper and gold mine in Indonesia and, if government sentiment toward foreign ownership of In this video, Jim Mueller explains three reasons for selling Freeport-McMoRan.
The Grasberg mine has one of the largest reserves of gold and copper in the world. [2] [3] It is located in Mimika Regency, Central Papua, Indonesia near Puncak Jaya. It is operated by PT Freeport Indonesia (PTFI, see below), a joint venture among the government of Indonesia, government of Central Papua, and American company Freeport-McMoRan (FCX).
Freeport-McMoRan Copper & Gold (NYS: FCX) carries $325.0 million of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems ...