BNET Industries
Last Fiscal Year Sales:$11.9B
- Public
- US
Dow Jones Description
FCX is one of the world's largest copper, gold and molybdenum mining companies in terms of reserves and production. FCX has a dynamic portfolio of operating, expansion and growth projects recently completed or under way to expand production capacity, extend mine lives and develop large-scale underground ore bodies. ...
Number of Employees 15,600
Peer Companies
NAICS Code Other Communication and Energy Wire Manufacturing: 335929
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News & Analysis
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grupo mexico s.a. de c.v. and phelps dodge corp. - All News and Analysis
Latest copper market outlook supports higher prices.(Brief Article)
After a fairly quiet December, copper prices on the commodity exchanges have jumped higher early this year. The main cause appears to have been global supply disruptions at operations in Chuquicamata in Chile declining reserves and Olympic Dam in southern Australia a fire, which helped to...
Mexican firm foils Phelps' Asarco bid.(Grupo Mexico)(Brief Article)
Analysts are only mildly disappointed that Phelps Dodge couldn't absorb Asarco after buying Cyprus Amax Minerals. Still, they see supply-tightening benefits from the Phelps-Cyprus merger and from the marriage of Asarco and Grupo Mexico. "The three-way merger would have been the best of all market, but...
This month in mining: Merger mania
Driven by more than a year of depressed prices, the overwhelming trend in the corporate mining world has been toward mergers. The latest merger commotion started July 15 in the copper industry when Asarco Inc. and Cyprus Amax Minerals Co. agreed to a "merger of equals." In the following...
Mexican Copper Giant to Acquire New York-Based Asarco.
Knight Ridder/Tribune Business News Oct. 26 -- Giving Mexico's largest copper company an entry into the U.S. market, Asarco Inc. said Monday that it has signed an agreement to merge with Grupo Mexico. Grupo Mexico, with headquarters in Mexico City, will acquire...
Phoenix, Ariz.-Based Mining Firm Loses Merger Bid.
Knight Ridder/Tribune Business News Oct. 16 -- FORT WAYNE, Ind. -- Asarco Inc. said today it will accept a takeover bid from Grupo Mexico, terminating the merger agreement it had reached last week with Phelps Dodge Corp. The Mexican mining company is...
New York-Based Copper Company to Weigh Grupo Mexico Offer.
Knight Ridder/Tribune Business News Oct. 9 -- Reaching for a better offer than the one it accepted three days earlier, Asarco Inc. said Friday that it will meet with Grupo Mexico to discuss merging the two copper companies. Neither company indicated where...
New medical office opens in Briargate
To serve a growing population in the Briargate area, Colorado Springs Health Partners has opened a new medical office at 595 Chapel Hills Drive. The new site, which began seeing patients this week, includes family practice, internal medicine, pediatrics and obstetrics/gynecology services. It replaces a smaller site at 7750 N....
ASARCO To Consider Grupo Mexico Offer
NEW YORK--BUSINESS WIRE--Oct. 8, 1999-- ASARCO Incorporated (NYSE:AR) announced that the Board of Directors of Asarco met to consider the revised proposal contained in a letter from Grupo Mexico of October 7, 1999. In its revised proposal, Grupo Mexico offered to acquire all of the outstanding shares of Asarco...
Asarco Weighs Options as New Bidder for Copper Companies Emerges.
Knight Ridder/Tribune Business News Sep. 27 -- NEW YORK -- Asarco Inc. said today it would weigh all options to "maximize shareholder value" after another player entered the bidding war for U.S. copper companies. Asarco's statement was issued after Grupo Mexico S.A. de C.V.,...
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