Freeport-McMoRan Copper & Gold Inc., commonly known as Freeport, is a world leader in production of gold and copper.
Freeport was founded in 1912 as Freeport Sulphur Company as a sulphur mining company.
In 1931 the company began to diversify into mangasese, a metal used to make stainless steel, nickel during World War II, and potash in the 1950’s.
In 1981 Freeport Minerals Company formed Freeport Gold Company to operate a new gold discovery in Nevada.
Freeport operates the world’s most profitable mine, The Grasberg mine in Indonesia. The company has faced criticism that the mine pollutes nearby rainforest and and the local river system.
Today Freeport is publicly traded on the New York Stock Exchange under the symbol FCX, is a member of the S&P 500, is #156 on the Fortune 500, has 36,100 employees, and had $13.23 billion in revenue in 2013.
Freeport-McMoRan Copper & Gold IncFreeport-McMoRan Copper & Gold Inc., commonly known as Freeport, is a world leader in production of gold and copper.
Freeport was founded in 1912 as Freeport Sulphur Company as a sulphur mining company.
In 1931 the company began to diversify into mangasese, a metal used to make stainless steel, nickel during World War II, and potash in the 1950’s.
History
In 1981 Freeport Minerals Company formed Freeport Gold Company to operate a new gold discovery in Nevada.
Freeport operates the world’s most profitable mine, The Grasberg mine in Indonesia. The company has faced criticism that the mine pollutes nearby rainforest and and the local river system.
Today Freeport is publicly traded on the New York Stock Exchange under the symbol FCX, is a member of the S&P 500, is #156 on the Fortune 500, has 36,100 employees, and had $13.23 billion in revenue in 2013.
