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Mining Merger Would Create Copper Giant

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Mining Merger Would Create Copper Giant

Business

Mining Merger Would Create Copper Giant

Mining Merger Would Create Copper Giant

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  • <iframe src="https://www.npr.org/player/embed/6512614/6512615" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Freeport-McMoRan Copper and Gold wants to acquire a rival, the Phelps Dodge Corporation, for more than $25 billion. The merger will need approval from shareholders and regulators. It would create the world's largest publicly traded copper company.

RENEE MONTAGNE, host:

Our business news starts with a merger in the copper industry.

Freeport-McMoRan Cooper and Gold wants acquire rival the Phelps Dodge Corporation for more than $25 billion. The merger will need approval from shareholders and regulators. The merger would create the world's largest publicly traded copper company.

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