Freeport-McMoRan Copper & Gold Inc hits Fortune 500 list
Wednesday, April 5 2006 - 01:37 AM WIB
Freeport-McMoRan Copper & Gold Inc (FCX), which enjoyed record production from its Indonesian mine and strong prices for precious metals, landed a spot on the 2006 Fortune 500 list. The new Orleans-based Freeport came in at No. 480 with revenue of $4.2 billion, the Associated Press reported Tuesday.
FCX?s subsidiary PT Freeport Indonesia sold 1.45 billion pounds of copper and 2.79 million ounces of gold in 2005.
The Fortune 500 list ranks the top 500 public corporations in the nation by their 2005 gross revenue. The Fortune 1000 list, also released Monday, ranks the nation's top 1,000 public companies using the same methodology. (*)