Copper juggernaut coming

AFTER missing out on an audacious play for Inco and Falconbridge earlier in the year, Phelps Dodge has been thrust back into the mergers and acquisitions spotlight after agreeing to a $US25.9 billion ($A33.7 billion) friendly merger with Freeport-McMoran to create the largest North American-based mining company.

Copper juggernaut coming Copper juggernaut coming Copper juggernaut coming Copper juggernaut coming Copper juggernaut coming

The resultant entity, which will keep the Freeport McMoran name, will be the largest publicly traded copper company. On a pro forma basis, the new company will produce 3.

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