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Cyprus Amax Minerals was a major US-based mining company formed in 1993 through the merger of AMAX with the Cyprus Minerals Company. It was one of the world's largest producers of Molybdenum and Lithium and a leading producer of copper and coal.
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Bob Hasan, another Suharto acquaintance, negotiated a deal whereby Bre-X would have a 45% share, Freeport-McMoRan Copper & Gold would run the mine, and Hasan would get a cut as well. Bre-X would have the land rights for 30 years. The deal was announced February 17, 1997 and Freeport-McMoRan began their initial due diligence evaluation of the site.
Freeport-McMoRan Classic (1994–1995) Freeport- McDermott Classic (1996–1998) Compaq Classic of New Orleans (1999–2002) [10] HP Classic of New Orleans (2003–2004)
Freeport-McMoRan The Bagdad Mine is a large copper mine located in Arizona , in the southwestern part of the United States . Bagdad represents one of the largest copper reserves in the United States and in the world, having estimated reserves of 873.6 million tonnes of ore grading 0.36% copper. [ 1 ]
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In October 2014, Lundin Mining agreed to acquire an 80% interest in the Candelaria mining complex in the Atacama Region of Chile from Freeport-McMoRan for $1.8 billion. To help fund the acquisition cost, Franco-Nevada paid $648 million to acquire a gold and silver stream on the Candelaria mine. [21]
Cerro Verde is a Peru-based mining company founded in 1970.Its activities include the extraction, exploitation and production of copper from the porphyry copper deposit located southeast of the city of Arequipa.