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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 .
PT Freeport Indonesia was previously 90.64% owned by Freeport-McMoRan, including 9.36% owned through its wholly owned subsidiary, PT Indocopper Investama. [18] Since 2018 in negotiation on extending the permit of the mining operation the government of Indonesia negotiated ownership of 51.23% of the company, while Freeport-McMoRan owned 48.77%.
In May 2013, it was acquired by Freeport-McMoRan. [2] History. In 2002, the company was separated from Plains Resources Inc. via a corporate spin-off. [3]
Plains Exploration & Production will become part of Freeport-McMoRan Copper & Gold over the course of the next 11 days. Plains shareholders today approved their company's acquisition by Freeport ...
The Motley Fool owns shares of Freeport-McMoRan Copper & Gold. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, ...
After a spate of tragic accidents claimed the lives of dozens of workers at its huge Grasberg gold and copper mine in Indonesia, Freeport-McMoRan was given the go-ahead by the government to reopen ...
The mine was started as the Chino Copper Company in 1909 by mining engineer John M. Sully and Spencer Penrose, [1] [2] [3] and is currently owned and operated by Freeport-McMoRan Inc. subsidiaries. The area where the mine is located is at an average elevation of 5,699 feet (1,737 m).
With more than half of 2012 in the record books, it's important to take a look at whether the stocks that interest you can live up to their full potential. By making sure you know about a company ...