FCX_Freeport-McMoRan Copper & Gold Inc. - Our Company, History: "Freeport-McMoRan Copper & Gold Inc. was formed in the late 1980’s as a spin-off from the parent company Freeport-McMoRan Inc. The “Freeport” organization has roots in the minerals industry going back to the early 1900’s. These highlights are followed by a summary of the Phelps Dodge Corporation, which became part of the FCX organization in 2007.
1988: Grasberg copper-gold deposit discovered in Indonesia. Twenty percent of Freeport-McMoRan Copper (FCX) spun off from parent company and taken public on NYSE.
1989: A series of expansions initiated following the Grasberg discovery."
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