Freeport-McMoRan
About Freeport-McMoRan
Overview
Freeport-McMoRan is a leading international mining company with headquarters in Phoenix, Arizona. The company is the world's largest publicly traded copper producer and operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold, and molybdenum.
Operations
Freeport's portfolio includes the Grasberg minerals district in Indonesia (one of the world's largest copper and gold deposits), operations in North and South America including significant open-pit and underground mines in Arizona, New Mexico, and Peru, and a world-class molybdenum operation in Colorado.
Strategy
The company's strategy focuses on safely operating high-quality, long-lived assets, advancing world-class growth projects, maintaining a strong balance sheet, and delivering cash returns to shareholders. Freeport is positioned to benefit from the increasing global demand for copper driven by electrification and energy transition.
Key Projects
Major projects include the Grasberg underground development (ramping up production to replace open pit mining), Lone Star copper project in Arizona, and the El Abra mill project in Chile. The company continues to advance brownfield expansion opportunities across its Americas operations.
Primary Commodities
Financial Metrics
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Quick Facts
- Ticker Symbol
- FCX
- Market Cap
- Large Cap
- Category
- Copper
- Commodities
- Copper, Gold, Molybdenum
- Headquarters
- Phoenix, Arizona, USA
- Founded
- 1912
- Employees
- ~24,000
Operating Countries
Producing Assets
- •Grasberg (Indonesia)
- •Morenci (USA)
- •Cerro Verde (Peru)
- •Bagdad (USA)
- •Safford (USA)
- •Sierrita (USA)
- •El Abra (Chile)
Development Assets
- •Lone Star Copper (USA)
- •Grasberg Underground (Indonesia)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.