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Freeport-McMoRan greenlights $4.5B, 4k-job Bagdad Arizona mine expansion, eyes 5 billion pounds of annual copper production

  • 11/4/2026

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Phoenix Business Journal

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Highlights
Freeport-McMoRan's board approved a $4.5 billion Bagdad mine expansion in Arizona
The expansion will create more than 4,000 direct and indirect construction jobs
Bagdad mine could become the second-largest U.S. copper producer by 2030

Freeport-McMoRan (NYSE: FCX)
Cory Stevens | SVP; President and COO, Freeport-McMoRan Americas
(602) 366-8100

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