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Freeport chairman exits amid deepening commodities rout

Published Wed, Dec 30, 2015 · 09:50 PM
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Chicago

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 gigantic Grasberg copper deposit in Indo…

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