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 2023, 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. About 75% of 2023 revenue was from copper, with a further 15% from gold and about 10% from molybdenum. It had about 25 years of copper reserves at end December 2023. we expect it to sell similar amounts of copper midcycle in 2028, 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
  USA

  T: +1 602 366-8100

  E: [email protected]

  https://www.fcx.com

• Sector

  Basic Materials

  Stock type

  Cyclical

• Industry

  Copper

  Fiscal Year End

  31 December 2024

  Employees

  27,200