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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 mine composes two porphyry copper deposits (the San Juan and Dos Pobres copper ore bodies) that have leachable oxide and secondary sulfide mineralization. Freeport-McMoran estimates that it will remove 205 to 240 million pounds of copper from the deposits annually between 2008 and 2011. [4]
The mining company is a joint venture between Indonesian and American interests, with the Indonesian government through its state-owned company PT Mineral Industri Indonesia (MIND ID) and PT Indonesia Papua Metal & Mineral, a company co-owned by MIND ID and government of Papua, owning a 51.23% stake and Freeport-McMoRan owning 48.77%. PT ...
Last week, the Indonesian Ministry of Finance announced a punitive tax on the export of ore concentrate mined within its country. Considering Freeport-McMoRan operates a massive mining facility in ...
The deposit is similar to other porphyry molybdenum deposits such as the Climax mine in Colorado and the Questa mine in New Mexico. The Henderson deposit is located in the Colorado Mineral Belt , a northeast-southwest alignment of metal deposits that crosses the mountainous part of Colorado from Boulder to Durango .
Gold and copper miner Freeport-McMoRan may have ducked under the export ban Indonesia imposed on unprocessed ore, but it and fellow miner Newmont Mining can't avoid paying a new export tax the ...
Newmont Mining Corporation: Gold-copper ore, concentrated and leached 16 (2018) [6] 16 Lisbon Valley San Juan County, Utah: Lisbon Valley Mining Company Copper ore, open pit, heap leached 10–15 (2018) [9] 17 Miami: Gila County, Arizona: Freeport-McMoRan: Copper ore, leached 5 (2021) [2] 18 Carlota Gila County, Arizona: KGHM Polska Miedź
Freeport-McMoRan Copper & Gold Inc. to Acquire Plains Exploration & Production Company and McMoRan E Business Wirevia The Motley Fool Updated July 14, 2016 at 9:43 PM