Freeport-McMoRan (NYSE:FCX) is a leading international natural resources company with a primary focus on copper, gold and molybdenum extraction. Headquartered in Phoenix, Arizona, the company develops, acquires and operates large, geographically diverse mineral assets with significant scale and long-lived reserves. Freeport-McMoRan’s integrated operations encompass exploration, mining, processing and reclamation activities, positioning the firm as one of the world’s largest publicly traded copper producers.
The company’s operations include both open-pit and underground mines, complemented by extensive milling and smelting facilities. In copper production, Freeport-McMoRan’s portfolio of long life, low-cost operations provides a competitive cost structure. In addition to copper, the company recovers gold and silver as by-products and produces molybdenum, which is used in steel alloys and other industrial applications.
Freeport-McMoRan serves customers worldwide through a network of mines and related facilities in North America, South America, Asia and Africa. Key assets include the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold mines; the Tenke Fungurume mine in the Democratic Republic of Congo; and significant operations in North America such as the Morenci and Bagdad copper mines in Arizona and the Cerro Verde operation in Peru.
Tracing its heritage to the Freeport Sulphur Company founded in 1912, Freeport-McMoRan in its current form emerged through the merger of Freeport Minerals and McMoRan Oil & Gas in the late 1980s. Today, the company is led by Chairman and Chief Executive Officer Richard C. Adkerson, supported by a seasoned management team with extensive experience in mining, engineering and global commodity markets. Freeport-McMoRan emphasizes sustainable development and community engagement in its host regions.
