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Freeport chairman exits amid deepening commodities rout

Thursday, December 31, 2015 - 05:50


FREEPORT-McMoRan Inc co-founder James "Jim Bob" Moffett's last big gamble as head of the world's largest copper miner was a US$1.2 billion wrong-way bet 10 kilometres beneath the Louisiana coastline.

Mr Moffett, a legendary wildcatter and geologist whose credits include the

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