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Add as a preferred source on GoogleFreeport Board Approves $4.5 Billion Bagdad Mine Expansion
The Arizona project sets a long-term target of more than 400 million pounds of copper a year.
Freeport-McMoRan Inc. said Wednesday, Nov. 4, that its board had approved a $4.5 billion expansion and modernization of its Bagdad operation in Arizona, targeting long-term copper output above 400 million pounds a year.
Bagdad is a copper and molybdenum operation. Freeport shares rose 3.3% in premarket trading that day.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.