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Freeport co-founder ‘Mack’ Rankin passes away at 83

Aug 16, 2013 | 06:35 PM |

Tags  Freeport-McMoran, Mack Rankin,

NEW YORK — B.M. “Mack” Rankin, co-founder, vice chairman and member of the board of directors of Freeport-McMoRan Copper & Gold Inc., died Aug. 14 from cancer, the mining company said. He was 83.

Rankin co-founded McMoRan Oil & Gas Co. in 1969, which merged with Freeport Minerals Co. in 1981 to form Freeport-McMoRan Inc., the Phoenix, Ariz.-based company said Aug. 15.

Rankin was a member of several charitable organizations and was heavily involved in the natural resources industry. He received the Texas Oil & Gas Association Distinguished Service Award in 2010 and previously served as chairman of the U.S. Oil & Gas Association.

A Dallas native, Ranking was a member of the University of Texas McCombs School of Business Hall of Fame.

“Mack has been a great partner and advisor for many years,” chairman of the board James R. Moffett said in a statement. “Our board and organization will miss him greatly and our thoughts and prayers are with his wife, Ashley, his son, Richard, and the entire Rankin family during this time.”

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