Dallas, Texas 11/21/2013 (Financialstrend) – In Wednesday’s trading session, Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) dropped by 0.60%. The opening price of the shares was $36.46, which climbed to an intraday high of $36.76 and headed to close at $36.18. Around 8.33M shares were exchanged on Wednesday while the average-volume of 11.65 million shares were traded over a 30 day period. The 52-week low of Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) shares is $26.37 while the 52-week high is $39.54. The company has a market capitalization of $37.56 billion.
About the company
Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) was formed on 10th November 1987. It is a global mining company. Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) is a copper, gold & molybdenum mining-companies in terms of its reserves and production. The company’s portfolio-of-assets includes its Grasberg minerals district situated in Indonesia, mining-operations in North & South America, & the Tenke Fungurume minerals district in the Democratic Republic of-Congo .
The Grasberg minerals-district hold the recoverable-copper reserve & the gold-reserve. The company also operates Atlantic Copper. This is its 100%-owned copper-smelting & refining unit in Spain. Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) divides its operations into 5 primary divisions: 1- North America copper mines, 2- South America mining, 3- Indonesia mining, 4- Africa mining and 5- Molybdenum operations. In 2013 May , Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) completed the acquisition of Plains Exploration and Production Company. In 2013 June, the company acquired the remainder 64% stake in McMoRan Exploration Co.
As of 31st December 2012, the consolidated recoverable-proven and probable-reserves totaled 116.5B pounds of copper, 32.5M ounces of gold, 3.42B pounds of molybdenum, 321.4M ounces of silver & 0.84B pounds of cobalt. Approximately 33 percent of Freeport-McMoRan Copper & Gold Inc (NYSE:FCX)’s copper reserves are located in North America, 33 percent are in South America, 27 percent are in Indonesia & 7 percent are in Africa.
