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Freeport-McMoRan buys oil and gas producers for $9B, creating natural resource conglomerate

by: JONATHAN FAHEY and SANDY SHORE , Associated Press

Updated: December 5, 2012 - 3:04 PM

NEW YORK - Mining company Freeport-McMoRan is buying a pair of oil and gas producers for $9 billion, creating a natural resources conglomerate with assets ranging from oil rigs in the Gulf of Mexico to a huge copper mine in Indonesia.

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