FCX - Freeport McMoRan
Freeport-McMoRan Copper & Gold (NYSE: FCX) has roots going back to 1912 when it was founded as the Freeport Sulphur Company when it was mining the largest sulphur mines of that time.
Freeport-McMoRan Copper & Gold Inc. was created in 1987 when it was spun off from its parent company Freeport-McMoRan Inc.
The company is involved in exploration, mining and production of a variety of minerals, including copper, gold, molybdenum, silver and cobalt.
Those prior minerals are the major focus of the company, which operates some of the best mining assets in the world such as the Grasberg minerals district in Indonesia, Tenke Fungurume in in the Democratic Republic of Congo and a number of other mines in North and South America.
The assets held by Freeport-McMoRan Copper & Gold in Indonesia hold the largest proven, recoverable deposits of copper and gold in the world when this was written.
The company is headquartered in Phoenix, Arizona.
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