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Freeport-McMoRan Inc. The company is the world's largest producer of molybdenum , a major copper producer and operates the world's largest gold mine , the Grasberg mine in Papua, Indonesia. Freeport mined sulfur along the Gulf Coast using the Frasch Process , the patents for which had expired in Enterprise to support Freeport Sulphur's business and the new town's infrastructure led to the incorporation of a holding company on September 30, , to join the newer assets with Freeport Sulphur.
Officers of the new holding company, Freeport Texas Company , were:. In , minority stockholders John R. Addison, Benjamin P Alsopp , E. Norton , and Samuel W. Travers solicited proxies to use at the April 5th annual stockholders' meeting, claiming, according to reports, that "management has refused them adequate information regarding the property.
President E. Swenson denies that information has been thus withheld and states that the board, which represents the dominant interests, has no vacancies at the present time. Claiborne, who then enlisted clerk John Hay Whitney — who had become one of the wealthiest men in America following the death of his father, Payne Whitney.
Williams also served as Chairman during — Williams led the company's diversification, beginning with the purchase of manganese deposits in Oriente Province , Cuba. In , Freeport Sulphur Company acquired the sulfur rights for Lake Grande Ecaille and vicinity in Plaquemines Parish , Louisiana, and escalated the development of sulfur deposits in the Grand Ecaille dome in , still using the Frasch Process developed by Dr.