Freeport-McMoRan
From Taighde
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Freeport-McMoRan Copper & Gold Inc., often called simply Freeport, is one of the world's leading copper producers, and one of the world's largest producers of gold. It was formerly based in New Orleans, Louisiana, but has 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.
Best known for its Grasberg mine in Papua province, Indonesia, the company is the largest taxpayer to the Indonesian government. It mines and mills ores containing copper, gold, molybdenum and silver for the world market.
The China Investment Corporation owns 58,991 shares of the company as of December 31, 2009. The stake is valued at $4,736 million. The CIC released this data in their first quarterly disclosure on US equity holdings to the United States Securities and Exchange Commission.
