Freeport McMoran Copper & Gold, Inc. engages as copper, gold and molybdenum mining company. The company operates through five segments: North America Copper Mines, South America Mining, Indonesia Mining, Africa Mining and Molybdenum Operations. The North America Copper Mines segment has seven operating copper mines in North America-Morenci, Sierrita, Bagdad, Safford and Miami in Arizona and Tyrone and Chino in New Mexico. Its operations include open-pit mining, sulfide ore concentrating, leaching and SX/EW operations. The South America segment has four operating copper mines-Cerro Verde in Peru and Candelaria, Ojos del Salado and El Abra in Chile. Its operations include open-pit and underground mining, sulfide ore concentrating, leaching and SX/EW operations. The Indonesia Mining segment includes PT Freeport Indonesia's Grasberg minerals district. PT Freeport Indonesia produces copper concentrates, which contain significant quantities of gold and silver. The Africa Mining segment includes the Tenke Fungurume copper and cobalt mining concessions in the Katanga province of the DRC. The Tenke Fungurume mine includes open-pit mining, leaching and SX/EW operations. In addition to copper, its mine produces cobalt hydroxide. The Molybdenum segment is an integrated producer of molybdenum, with mining, sulfide ore concentrating, roasting and processing facilities that produce high-purity, molybdenum-based chemicals, molybdenum metal powder and metallurgical products. Freeport McMoran Copper & Gold was founded by James R. Moffett and B. M. Rankin, Jr. on November 10, 1987 and is headquartered in Phoenix, AZ.