Freeport‑McMoRan greenlights $4.5 billion Bagdad mine expansion in Arizona
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Freeport-McMoRan's board has authorized a 4.5 billion dollar upgrade for the Bagdad copper-molybdenum mine in Arizona. The company intends to double the output of the operation. This expansion is expected to create more than 4,000 jobs. These targets are aimed for completion by mid-2030.
Freeport‑McMoRan’s board approved a $4.5 billion upgrade to its Bagdad copper‑molybdenum operation, aiming to double output and create over 4,000 jobs by mid‑2030.