Mind Map Description
Interactive Mind Map based on Mining Operations of Freeport McMoRan Copper &
Gold Inc. Source: FCX.com.
Freeport McMoRan Copper & Gold Inc.
FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX has a dynamic portfolio of operating, expansion and growth projects in the copper industry and is the world’s largest producer of molybdenum.
Freeport-McMoRan Copper & Gold Inc., (FMCG, NYSE: FCX) often called simply Freeport, is the world's lowest-cost copper producer and one of the world's largest producers of gold. It was formerly based in New Orleans, Louisiana but moved its headquarters to Phoenix, Arizona, after acquiring copper producer Phelps Dodge in 2007. In addition to Phelps Dodge, its subsidiaries include PT Freeport Indonesia, PT Irja Eastern Minerals and Atlantic Copper, S.A. Freeport is the largest publicly traded copper and molybdenum producer in the world.
Mining is the extraction of valuable minerals or other
geological materials from the earth, usually from an ore body, vein or (coal)
seam. Materials recovered by mining include base metals, precious metals, iron,
uranium, coal, diamonds, limestone, oil shale, rock salt and potash. Any
material that cannot be grown through agricultural processes, or created
artificially in a laboratory or factory, is usually mined. Mining in a wider
sense comprises extraction of any non-renewable resource.