COMPANY PROFILE
(SPONSORED CONTENT)
Summary
Freeport-McMoRan Inc. is a leading international mining company with headquarters in Phoenix, Arizona. Freeport operates large, long-lived, geographically diverse assets with significant proven and probable mineral reserves of copper, gold and molybdenum. Freeport’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits, and significant mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.
Freeport has a strong commitment to safety performance, environmental management and the communities where it operates. As a founding member of the International Council on Mining and Metals (ICMM), Freeport is committed to implementing ICMM’s Mining Principles which serve as a best practice framework on sustainable development for the global mining and metals industry.
By supplying responsibly produced copper, Freeport is proud to be a positive contributor to the world well beyond its operational boundaries.
Leadership
Freeport-McMoRan’s Board of Directors is comprised of eleven members including ten independent directors who possess a diverse range of perspectives, skill sets and experience. Richard C. Adkerson serves as Chairman of the Board and Chief Executive Officer, and Dustan E. McCoy serves as Lead Independent Director.
Strategy
GLOBAL INDUSTRY LEADER
One of the world’s largest publicly traded copper producers; seasoned and value-driven global team; ~25-year reserve life with substantial additional resources.
TRUSTED OPERATOR
Strong reputation and franchise in four countries; synergistic operation of all assets.
WORLD-CLASS DEVELOPER
Industry-leading track record for major project execution in complex jurisdictions.
BLOCK CAVE LEADER
Industry-leading technical capabilities; decades of block caving experience.
RESPONSIBLE PRODUCER
Long-standing commitment to all of our stakeholders including our employees, communities, host countries, customers and suppliers.
Freeport-McMoRan in Arizona
Freeport-McMoRan operates five open-pit copper mines in Arizona: Morenci, Bagdad, Safford, Sierrita and Miami.
Freeport’s Lone Star project located near its Safford operation in Arizona was substantially completed in 2020. Freeport continues to advance opportunities to increase Lone Star operating rates and is advancing plans to increase volumes to achieve 300 million pounds of copper per year from oxide ores.
Freeport has significant undeveloped reserves and resources in Arizona and a portfolio of potential long-term development projects. Future investments are dependent on market conditions and will be undertaken based on the results of economic and technical feasibility studies, including the incorporation of innovation initiatives to reduce capital intensity.