PhelpsDodge.com
Phelps Dodge
The Web site PhelpsDodge.com now leads to FCX.com following Freeport-McMoran Copper & Gold Inc.’s purchase of the Phelps Dodge Corporation on March 19, 2007. This purchase is, said to be “the biggest transaction in the history of the mining industry.”
With this merger, Freeport-McMoran Copper & Gold Inc., listed as FCX on the New York Stock Exchange, became the largest publicly traded copper company in the world, boasting of robust reserves in copper, gold and molybdenum.
According to the Web site, “The new FCX has one of the most dynamic portfolios of operating, expansion and growth projects in the copper mining industry.”
In a video clip on the FCX Web site, company CEO, Richard Adkerson, identifies the mine in Grasberg, Indonesia and the Phelps Dodge mines in North America and South America as the key assets of FCX.
Pre-Merger Phelps Dodge
Even before the merger with FCX, the Phelps Dodge Corporation was already one of the world's largest copper mining operations.
Through its subsidiary, Phelps Dodge Mining, the company produces gold, silver and other minerals such as molybdenum, where it is the largest producer in the world.
Phelps Dodge Industries handles the company's manufacturing interests, which includes businesses such as Phelps Dodge Wire & Cable; Columbian Chemicals Company, a leading manufacturer of the carbon black found in tires and ink; and Phelps Dodge High Performance Conductors, producers of conductors for the computer, automotive and aerospace industries.
FCX Operations
Based in North America, FCX’s operations revolve around its three leading operating subsidiaries in the world: PT Freeport Indonesia, Phelps Dodge and Atlantic Copper.
The company’s biggest asset in Indonesia is the Grasberg mine. Discovered in 1988, this mine not only features the largest single copper reserve in the world, it also boasts of the largest single gold reserve in the world. FCX's other key Indonesian asset is PT Smelting, a copper smelter and refinery.
Phelps Dodge’s mines are concentrated mainly in North America, South America and Europe. It also has processing facilities that use by-products like gold, silver and rhenium.
Phelps Dodge is a fully integrated producer of copper and molybdenum, with mines and processing facilities in North America, South America and Europe and processing capabilities for other minerals as by-products, such as gold, silver and rhenium. The company is also developing one of the world’s largest copper/cobalt concessions, the Tenke Fungurume mine in the Democratic Republic of Congo, one of the largest concessions for copper and cobalt in the world.
Atlantic Copper runs a copper smelter and refinery in Spain.
About Copper, Gold & Molybdenum
Copper is an excellent conductor of electricity and heat. It is resistant to corrosion and renowned for its structural capability.
The price of copper worldwide is set by the London Metal Exchange, the New York Commodity Exchange (COMEX) and the Shanghai Futures Exchange (SHFE). Prices depend on the balance of copper supply and demand but, like other commodities, can also be influenced by speculative actions and currency exchange rates.
The price of gold depends greatly on international reserve assets of national central banks but, more so, on investment demand.
Given its resistance features, molybdenum is a staple in the worldwide steel industry. which accounts approximately for all demand for molybdenum in the world.
Languages
English
Address
- One N Central Ave
- Phoenix AZ 85004 US
Additional Information
Related Domains
External Links
- Stock: PD
- Alexa: PhelpsDodge.com
