Richard C Adkerson Net Worth is117.5 $Million
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Company Logo: Image:Freeport McMoRan.svg
Type: Public company
Traded As: FCX, S&P 500
Foundation: 1912
Location City: Phoenix, Arizona
Location Country: United States
Key People: '''Jim Bob Moffett''',
Area Served: Worldwide
Industry: Metals and Mining
Products: Copper, Molybdenum
Revenue: operating income
Net Income: assets
Equity: {{increase}} United States dollar 12.504 billion (2010)
Num Employees: 29,700 - June 2011
Homepage: []
Intl: yes
Freeport-McMoRan Copper & Gold Inc., (FMCG, NYSE: FCX) often called simply Freeport, is one of the world's largest producers of copper and gold. Its headquarters are located in the Freeport-McMoRan Center in downtown Phoenix, Arizona. Freeport is the largest publicly traded copper and molybdenum producer in the world. It mines and mills ores containing copper, gold, molybdenum and silver for the world market. Richard C. Adkerson is President and Chief Executive Officer of Freeport and James R. Moffett is the company's Chairman.
It was formerly based in New Orleans, Louisiana but 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.
McMoRan Exploration Company (NYSE: MMR) is a separately traded firm with some shared management with Freeport-McMoRan Copper & Gold Inc. Richard C. Adkerson and James R. Moffett are co-chairmen of McMoRan Exploration. McMoRan Exploration, an oil and gas exploration and production firm based in New Orleans, Louisiana, was created in 1998 by the merger of McMoRan Oil & Gas and Freeport-McMoRan Sulphur. In 2008, McMoRan Exploration acquired the famed Blackbeard offshore prospect in the Gulf of Mexico, that Exxon Mobil Corp. abandoned in 2006 after drilling a 30,000-foot (9,100 m) dry hole. As of mid-2008, McMoRan Exploration's Blackbeard well is below 32,550 feet (9,920 m), the deepest oil exploration well ever recorded.
The company was founded as the Freeport Sulphur Company in 1912, and the company founded Freeport, Texas that same year, near its new sulphur mines, then the largest in the world. Freeport pioneered mining sulphur by the Frasch Process at mines along the US Gulf Coast. Freeport Sulphur began to diversify in 1931, purchasing manganese deposits in Oriente Province, Cuba. The company produced nickel during WW2, and potash in the 1950s. In 1955, Freep

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Richard C Adkerson Latest News

Freeport-McMoRan's (FCX) CEO Richard Adkerson on Q1 2018 Results - Earnings Call Transcript

On the call today are Richard Adkerson, Red Conger is here ... positive there with a portion going ultimately into the Air Force C. That was concluded to be the best system then. We’ve now operated it for 20 years. The good news is it has operated ...
Posted: April 24, 2018, 1:06 pm

Freeport McMoRan boss arrives at energy ministry for undisclosed meeting

Freeport McMoRan president and CEO Richard C. Adkerson arrived at the Energy and Mineral Resources Ministry on Friday at 11:20 a.m. for a meeting with the minister, although details on the meeting were not disclosed. Freeport McMoRan is the parent company ...
Posted: May 18, 2018, 12:21 am

Freeport McMoRan : FCX Announces Agreement to Sell a 13% Interest in Morenci Mine for $1.0 Billion in Cash

Richard C. Adkerson, FCX's President and Chief Executive Officer, said: 'We are pleased to expand our partnership at Morenci with Sumitomo.This transaction represents an important initial step toward our objective to accelerate debt reduction and restore ...
Posted: February 15, 2016, 3:59 am
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