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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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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]
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 ...
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 ...
Freeport-McMoRan announced today that it has restructured its employment agreement with CEO Richard Adkerson, tying his compensation to the stock's peformance. Under the new agreement, Adkerson ...
In April 2012, the U.S. Department of Justice announced that Freeport McMoran agreed to pay $6.8M to settle federal and state charges pertaining to the outflow of acidic metal bearing waters from the Morenci Mine. [7] According to the complaint, waters, soils, habitats, and birds were either injured or lost as a result of the hazardous ...
As part of a big bet on oil and gas, Freeport-McMoRan picked up some intriguing possibilities for future growth. The most intriguing, however, are its ultra-deep prospects in the shallow waters of ...