Freeport-McMoRan Copper and Gold Incorporated

Freeport-McMoRan Copper & Gold (NYSE: FCX) purchased McMoRan Exploration (NYSE: MMR), an oil and gas company that split from Freeport in 1994, the Financial Times reported early this morning. The company also acquired Plains Exploration (NYSE: PXP). Freeport and McMoRan have remained tight...