Who owns Morenci?
Freeport-McMoRan
Freeport-McMoRan is the principal owner and, since 2016, Sumitomo Group has owned a 13% interest in the mine. In 2016, copper production at Morenci was 848 million pounds….Morenci mine.
| Location | |
|---|---|
| Products | Copper |
| Owner | |
| Company | Freeport-McMoRan and Sumitomo Metal Mining |
| Website | www.fcx.com/operations/north-america |
Is Freeport-McMoRan Fortune 500?
Freeport-McMoRan | 2021 Fortune 500 | Fortune.
Is Freeport-McMoRan a good place to work?
Freeport is a good place to work overall. If you need to take time off it is pretty easy to do so but dependent upon your position and supervision. Benefits are great, Health insurance is great, pay is competitive, PTO is generous, and the company tries to take care of employees in general.
Who owns FCX stock?
Top 10 Owners of Freeport-McMoRan Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 7.41% | 108,758,831 |
| Fidelity Management & Research Co… | 4.93% | 72,310,593 |
| BlackRock Fund Advisors | 4.59% | 67,350,057 |
| SSgA Funds Management, Inc. | 4.50% | 66,027,665 |
Is Freeport-McMoRan stock a good buy?
On balance, Freeport-McMoRan is an attractive stock to buy and a great way to play a positive outlook on copper. That said, it needs to be bought with a long-term view in mind as history suggests commodity prices oscillate around a trend.
What happened to Freeport-McMoRan’s Morenci Mine?
Freeport-McMoRan sold a 13% stake in Morenci mine to Sumitomo Metal Mining (SMM) in May 2016. “Waste is mainly used to backfill the Morenci pit, while the ore, which averaged 0.29% Cu in 2004, is hauled to in-pit primary crushers.”
Why did Freeport-McMoRan change its name?
Freeport-McMoRan Copper & Gold Inc. corporate name changed to Freeport-McMoRan Inc. to simplify the corporate name and better reflect FCX’s expanded portfolio of assets FCX’s announced new board structure and strategy to focus on its global leading position in the copper industry
What is Freeport-McMoRan (FTX)?
McMoRan Oil & Gas (formerly McMoRan Exploration) merged with Freeport Minerals (formerly Freeport Sulphur) to create Freeport-McMoRan Inc. (FTX); the combined company became a major independent oil and gas producer with interests in agricultural minerals— sulphur and phosphoric acid—and in gold, copper, silver and uranium
Where is Phelps and Company’s Morenci copper mine?
This programme was accelerated in 2006 to provide copper-in-concentrate for treatment at Phelps’s Miami smelter, also in Arizona, before completion of the hydrometallurgical facilities at Morenci. The Morenci mine and largely company-owned town are located at an elevation of 1,447m above sea level.