Freeport-McMoRan
Freeport-McMoRan Inc., often called Freeport, is a mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona.
Freeport-McMoRan Inc. is an international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX is one of the world’s largest publicly traded copper producers. In North America, FCX operates seven open-pit copper mines—Morenci, Bagdad, Safford, Sierrita and Miami in Arizona, and Chino and Tyrone in New Mexico; and two molybdenum mines—Henderson and Climax in Colorado. Certain of FCX’s North America copper mines also produce molybdenum concentrate, gold and silver. In South America, FCX operates two copper mines—Cerro Verde in Peru and El Abra in Chile. In addition to copper, the Cerro Verde mine produces molybdenum concentrate and silver. In Indonesia, FCX manages PT Freeport Indonesia’s (PT-FI) mining operations. PT-FI’s assets include one of the world’s largest copper and gold deposits in the Grasberg minerals district in Papua, Indonesia. In addition to copper and gold, PT-FI produces silver. PT-FI is currently mining the final phase of the Grasberg open pit and expects to transition to the Grasberg Block Cave underground mine in mid-2019. FCX produces copper concentrate at six of its mines; and produces copper cathode at its electrolytic refinery in El Paso, Texas, and at nine of its mines. Copper cathode is also produced at Atlantic Copper (FCX’s wholly owned copper smelting and refining unit in Spain) and PT Smelting (PT-FI’s 25-percent owned smelter and refinery in Gresik, Indonesia). FCX manufactures continuous cast copper rod at its facilities in El Paso, Texas; Norwich, Connecticut; and Miami, Arizona, primarily using copper cathode produced at the North America copper mines. FCX is the world’s largest producer of molybdenum and molybdenum-based chemicals. The majority of FCX’s molybdenum concentrate is processed in its conversion facilities in the U.S. and Europe. FCX also operates molybdenum roasters in Sierrita, Arizona; Fort Madison, Iowa; and Rotterdam, the Netherlands, and a molybdenum pressure-leach plant in Bagdad, Arizona.
