Freeport-McMoRan Inc
Company Profile
Business description
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world’s largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
Contact
333 North Central Avenue
PhoenixAZ85004-2189
USAT: +1 602 366-8100
Sector
Basic Materials
Stock type
Cyclical
Industry
Copper
Fiscal Year End
31 December 2025
Employees
28,500
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