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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 .
The rich Inspiration copper mine opened in 1911. It was promoted by Boyce Thompson, who owned the nearby Magma mine in Superior, Arizona. He retained a 15% interest in the Inspiration Consolidated Copper Company when that was founded in 1915. The mine is currently operated by Freeport-McMoran, who renamed it the Miami mine.
The Miami mine is owned and operated by Freeport-McMoRan. Mining began in 1911 as the Inspiration mine, and the nation's first froth flotation copper concentrator to process sulfide minerals was built and began production in 1915. Inspiration was among the first to employ vat leaching in 1926 and precipitation plants to recover oxide minerals.
Freeport-McMoRan is a copper miner, putting it in a position to benefit from the ongoing shift toward electrification.
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 ...
Diversified mining giant Freeport-McMoRan Copper & Gold is out with its fourth-quarter and full-year report, and the results aren't pretty. Due to collapsing gold and copper prices last year, this ...
Freeport-McMoRan: Copper ore, leached 110 5 Bagdad: Yavapai: Freeport-McMoRan: Copper-molybdenum ore, concentrated and leached 100 6 Miami: Gila: Freeport-McMoRan: Copper ore, leached 90 7 Sierrita: Pima: Freeport-McMoRan: Copper-molybdenum ore, concentrated and leached 80 8 Pinto Valley: Gila: Capstone Mining Copper-molybdenum ore ...
Investing in a mining company carries risk. In this video, Jim Mueller explains three reasons for selling Freeport-McMoRan. Freeport operates a large copper and gold mine in Indonesia and, if ...