Carder Hollingsworth
a year ago
FMI owns and operates five copper and two molybdenum mines here in Arizona. They would not exist without this state (which is why their HQ has been in Phoenix since 07').
Their mines are not pretty, nor are they held to the highest standards when it comes to environmental complexities or employee safety.
However, these resources are a necessity and I completely respect their ~13,000 American employees.
With that being said, they earn billions in profits annually but are only faced with $1-10M fines when they commit environmental atrocities.
A traffic ticket does more financial harm to an average person.
When copper prices sink, employees get laid off.
Prior shady sales and conflicts of interest have cost them a lot more (upwards of $135M).
Not looking good for FMI, but between Bagdad and all of their offshore mines, I am sure they'll stay afloat.
