Freeport approves $4.5bn expansion, modernisation of Arizona copper project

Mining Weekly Audio Articles · Nov 5, 2026 · 2m

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Metals company Freeport McMoRan's board has approved a $4.5-billion expansion and modernisation programme for its Bagdad copper and molybdenum operation, in north-west Arizona, in the US.

"We are pleased to proceed with the Bagdad expansion, an important step in advancing Freeport's US copper growth strategy. This low-risk brownfield project builds on Bagdad's…