Freeport Approves $4.5 Billion Bagdad Copper Expansion
Freeport-McMoRan's board approved a $4.5 billion expansion and modernization project at its Bagdad copper and molybdenum operation in Arizona. The project is expected to more than double Bagdad's mining capacity.
PHOENIX (dpa-AFX) - Copper miner Freeport-McMoRan Inc. (FCX) announced on Wednesday that its board has approved a $4.5 billion expansion and modernization project at its Bagdad copper and molybdenum operation in Arizona.The company said the project is expected to more than double Bagdad's mining an…