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Freeport-McMoRan Mines
Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum, is a major copper producer and operates the world's largest gold mine, the Grasberg mine in Papua, Indonesia. History The current company was created in 1981 through the merger of Freeport Minerals, formerly Texas Freeport Sulphur Company and McMoRan Oil & Gas Company, becoming Freeport-McMoRan Inc. Early history Freeport Sulphur Company was founded July 12, 1912 by the eldest son of Svante Magnus "E.M." Swenson, banker Eric Pierson Swenson, with a group of investors, to develop sulfur mining at Bryan Mound salt dome, along the US Gulf Coast.''Poor's'' ''Poor's Government and Municipal Supplement'', Poor's Publishing Company, 1922, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grasberg Mine
The Grasberg mine has one of the largest reserves of gold and copper in the world. It is located in Mimika Regency, Central Papua, Indonesia near Puncak Jaya. It is operated by PT Freeport Indonesia (PTFI, ''see below''), a joint venture between the government of Indonesia, government of Papua, and American company Freeport-McMoRan (FCX). FCX operates under a Contract of Work (CoW) agreement with the government of Indonesia, which allows Freeport to conduct exploration, mining and production activities in a area (Block A). It also conducts exploration activities in a area (Block B). At 31 December 2020 Grasberg had proven and probable mineral reserves of 33.4 billion pounds (15.1 million tonnes) of copper, 28.3 million ounces of gold and 130.6 million ounces of silver. Grasberg has five mining operations: Grasberg open pit, Grasberg Block Cave underground mine, Deep Ore Zone underground mine, Deep Mill Level Zone underground mine, and Big Gossan underground mine. The 202 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Infrastructure
Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and private physical structures such as roads, railways, bridges, tunnels, water supply, sewerage, sewers, electrical grids, and telecommunications (including Internet access, Internet connectivity and Broadband, broadband access). In general, infrastructure has been defined as "the physical components of interrelated systems providing Commodity, commodities and services essential to enable, sustain, or enhance societal quality of life, living conditions" and maintain the surrounding environment. Especially in light of the massive societal transformations needed to Climate change mitigation, mitigate and Climate change adaptation, adapt to climate change, contemporary infrastructure conversations frequently focus on sustainable development and gre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brazoria County, Texas
Brazoria County ( ) is a county in the U.S. state of Texas. As of the 2020 census, the population of the county was 372,031. The county seat is Angleton. Brazoria County is included in the Houston-The Woodlands-Sugar Land metropolitan statistical area. It is located in the Gulf Coast region of Texas. Regionally, parts of the county are within the extreme southernmost fringe of the regions locally known as Southeast Texas. Brazoria County is among a number of counties that are part of the region known as the Texas Coastal Bend. Its county seat is Angleton, and its largest city is Pearland. Brazoria County, like Brazos County farther upriver, takes its name from the Brazos River. It served as the first settlement area for Anglo-Texas, when the Old Three Hundred emigrated from the United States in 1821. The county also includes what was once Columbia and Velasco, Texas, early capital cities of the Republic of Texas. The highest point in Brazoria County is Shelton's Shack ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Herman Frasch
Herman Frasch r Hermann Frasch(December 25, 1851 in Oberrot bei Gaildorf, Württemberg – May 1, 1914 in Paris) was a chemist, mining engineer and inventor known for his work with petroleum and sulfur. Biography Early life He was the son of Johannes and Frieda Henrietta (Bauer) Frasch. Both his parents were natives of Stuttgart. His father was burgomaster of Gaildorf. Herman attended the Latin school in Gaildorf and was then apprenticed to a bookseller in nearby Schwäbisch Hall. At the age of 16 or 19, he left the apprenticeship and sailed from Bremen to New York, then took the train to Philadelphia. After his arrival in the United States, he became a lab assistant to John Michael Maisch at the Philadelphia College of Pharmacy. Engineering career Oil career In 1875, Frasch invented a recovery process for tin scrap and process to make white lead from galena. He patented a process for refining paraffin wax in 1876, and sold the patent to Standard Oil, for whom he became a con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Sulphur Company
The Union Sulphur Company was an American sulfur mining corporation founded in 1896 by the famous inventor Herman Frasch. It utilized the Frasch Process to extract previously inaccessible sulfur deposits located beneath swampland in Louisiana. The Union Sulphur Company dominated the world sulfur market until its patents expired in 1908. Its success led to the development of the present-day city of Sulphur, Louisiana. After its sulfur patents expired, the company transitioned into oil and natural gas production and was renamed the Union Sulphur & Oil Company and later the Union Oil & Gas Corporation. During World War I, the company was a critical source of sulfur for the U.S. war effort. During World War II, the company operated at least twenty-seven Liberty Ships and was awarded a War Service Flag. In 1960, the company merged with the Texas Natural Gas Corporation to form the Union Texas Natural Gas Corporation. In 1962, Union Texas was acquired by Allied Chemical Corporati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freeport, Texas
Freeport is a city in Brazoria County, Texas, United States, located on the Gulf of Mexico. According to the 2020 census, the city population was 10,696, down from 12,049 in 2010. History Freeport was founded as a European-American settlement in November 1912 by the Freeport Sulphur Company. The population was 300. However, by 1929, that population had grown to 3,500, and to 4,100 by 1939, influencing a steady increase of economic expansion in Freeport.Freeport, TX , Retrieved 12 August 2007. By 1937, a Freeport School District had been established, consisting of several segr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gulf Coast
The Gulf Coast of the United States, also known as the Gulf South, is the coastline along the Southern United States where they meet the Gulf of Mexico. The coastal states that have a shoreline on the Gulf of Mexico are Texas, Louisiana, Mississippi, Alabama, and Florida, and these are known as the ''Gulf States''. The economy of the Gulf Coast area is dominated by industries related to energy, petrochemicals, fishing, aerospace, agriculture, and tourism. The large cities of the region are (from west to east) Brownsville, Corpus Christi, Houston, Galveston, Beaumont, Lake Charles, Lafayette, Baton Rouge, New Orleans, Gulfport, Biloxi, Mobile, Pensacola, Navarre, St. Petersburg, and Tampa. All are the centers or major cities of their respective metropolitan areas and many of which contain large ports. Geography The Gulf Coast is made of many inlets, bays, and lagoons. The coast is intersected by numerous rivers, the largest of which is the Mississippi River. Much of the la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salt Dome
A salt dome is a type of structural dome formed when salt (or other evaporite minerals) intrudes into overlying rocks in a process known as diapirism. Salt domes can have unique surface and subsurface structures, and they can be discovered using techniques such as seismic reflection. They are important in petroleum geology as they can function as petroleum traps. Formation Stratigraphically, salt basins developed periodically from the Proterozoic to the Neogene. The formation of a salt dome begins with the deposition of salt in a restricted basin. In these basins, the outflow of water exceeds inflow. More concretely, the basin loses water through evaporation, resulting in the precipitation and deposition of salt. While the rate of sedimentation of salt is significantly larger than the rate of sedimentation of clastics, it is recognized that a single evaporation event is rarely enough to produce the vast quantities of salt needed to form a layer thick enough for the formation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sulfur
Sulfur (or sulphur in British English) is a chemical element with the symbol S and atomic number 16. It is abundant, multivalent and nonmetallic. Under normal conditions, sulfur atoms form cyclic octatomic molecules with a chemical formula S8. Elemental sulfur is a bright yellow, crystalline solid at room temperature. Sulfur is the tenth most abundant element by mass in the universe and the fifth most on Earth. Though sometimes found in pure, native form, sulfur on Earth usually occurs as sulfide and sulfate minerals. Being abundant in native form, sulfur was known in ancient times, being mentioned for its uses in ancient India, ancient Greece, China, and ancient Egypt. Historically and in literature sulfur is also called brimstone, which means "burning stone". Today, almost all elemental sulfur is produced as a byproduct of removing sulfur-containing contaminants from natural gas and petroleum.. Downloahere The greatest commercial use of the element is the production o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banker
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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