Morenci Copper Mine, Arizona Mining Technology |
#0183;#32;Ninety years later in March 2007, Phelps Dodge merged with Freeport McMoRan Copper amp; Gold, whose principal asset is the massive Grasberg coppergold mine in Indonesia, in an agreed takeover by Freeport, the smaller of the two companies. FreeportMcMoRan sold a 13% stake in Morenci mine to Sumitomo Metal Mining (SMM) in May 2016.