Freeport-McMoRan Copper & Gold Corporation ( Freeport-McMoRan; abbreviated as FMCG; or Freeport-McMoRan Copper and Gold Company, Phillip McMoRan Copper and Gold Company) is a U.S. mining company founded in 1912 and headquartered in Phoenix, L.I. It is primarily engaged in copper and gold mining, and is one of the world's most affordable copper and largest gold miners.