Freeport-McMoRan approves $4.5bn Bagdad mine expansion, doubling output

Freeport-McMoRan approved a $4.5 billion expansion of its Bagdad copper and molybdenum mine in Arizona, expected to more than double the mine's mining and milling rates as it seeks to capitalize on growing copper demand. The project adds new concentrating facilities that could boost annual copper production by 200 to 250 million pounds.

Detected & updated continuously · Source: Nebula