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Title

FCX_Freeport-McMoRan Copper & Gold Inc.

Description

Also known simply as Freeport, Freeport-McMoRan Copper and Gold is one of the world's foremost producers of low-cost copper and one of the leading producers of gold in the world. Also known as FCX, this company, which was previously based in New Orleans in Louisiana but is now headquartered in Phoenix, Arizona, has a number of mines and processing plants worldwide to cover the growing need for the products that they produce. The mines that the company runs in Indonesia produce copper, gold, and silver and were actually awarded to the company way back in 1967. The mining license that the company got in 1991 was slated to run for 30 years and is the license that the company is using to date. The company is also said to be the highest taxpayer the Indonesian government has. Producing Some of the World's Supplies of Copper, Gold and Molybdenum

The company of Freport-McMoRan Copper and Gold Inc. produces a lot of the world's copper, gold and molybdenum from their mines worldwide. With 12 mines that the company has for the ores where they can extract these precious metals, one of which can be found in Peru and another in Arizona, the supply of copper is expected to take a significant upturn within the next few years.

Copper is a metal that is used for a multitude of reasons, some of which are due to its electrical conductivity properties, resistance to corrosion, heat transfer efficiency and even for its aesthetic qualities. While there have been recent developments in science where copper substitutes are being created and promoted for alternative use, very few people actually use these substitutes since they fail to efficiently duplicate the unique characteristics that only copper has.

Gold is a precious metal that has been used for a number of uses from way back when. Most of the uses associated with this precious metal, however, is in jewelry making, currencies and coinage and for a few minor uses in dentistry, electronics and even for embroidery and other decorative purposes. Gold is a non-toxic substance and has also often been used as a decoration for some of the culinary masterpieces and herbal concoctions in some parts of the world.

Molybdenum is a product that is widely used by the steel industry due to its corrosion resistant properties. These properties have translated into the massive usage of this chemical in the steel manufacturing sector, which uses 80% of the world's supply of molybdenum. Aside from use in the steel industry, molybdenum chemicals are also used for water treatments, lubricants and petroleum refining. The pure powder form of this substance is also used for specialty steel alloys, lighting purposes and electronics.

Continuously Expanding and Meeting The World's Demands

The company has been constantly expanding to cover the various needs that the world has for copper, gold and molybdenum. This expansion has seen the recent incorporation of the company Phelps Dodge into the Freeport-McMoRan Copper and Gold Inc. fold and places the company in second place in the world's biggest copper producing companies. With this recent addition to the company, the focus on environmentally compliant mining along with meeting the demand for the world's need for these resources has been put forward all the more since both these copper, gold and molybdenum producing corporations believe in the responsibilities that they have when it comes to sustainable mining for the present and the future.

A Worldwide Operation for a Worldwide Company

The company of Freeport-McMoRan Copper and Gold Inc. operates out of Phoenix, Arizona in the US but has offices worldwide to facilitate the businesses and product demands that they have in specific regions of the world. The company has mines and offices in North America, South America, Africa and Asia. The North American mines can be found in Arizona, Colorado and New Mexico while the South American Mines can be located in Chile and Peru. The Asian mines are in Indonesia while the African mine is in the DRC or Democratic Republic of Congo. These mines operate according to the standards that are set by worldwide mining authorities and these mines, along with upcoming additions to the growing company, are set to create an increase of around 900 million pounds of copper production capabilities by the year 2009.

Languages

English

Address

1615 Poydras St

New Orleans LA 70112 US

Contact

FM Services Co., Inc.

+1 504 582 4000

Additional Information

Related Domains

External Links

• Stock: FCX
• Alexa: Fcx.com