COMPANY PROFILE
"Powering Progress"
Summary
Freeport-McMoRan Inc. (Freeport) is a leading international metals company with the objective of being foremost in copper. Headquartered in Phoenix, Arizona, Freeport operates large, long-lived, geographically diverse assets with significant proven and probable mineral reserves of copper, gold and molybdenum.
Freeport has a strong commitment to safety performance, environmental management and the communities where it operates. Freeport has achieved the Copper Mark, a comprehensive assurance framework designed to demonstrate the copper industry’s responsible production practices, at all 12 of its copper-producing sites globally.
By supplying responsibly produced copper, Freeport is proud to be a positive contributor to the world well beyond its operational boundaries. Additional information about Freeport is available at fcx.com.
Leadership
Freeport’s Board of Directors is comprised of twelve 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 Dustan E. McCoy serves as Lead Independent Director.
Strategy
Our strategy is focused on copper.
We have a portfolio of geographically diverse, long-lived copper assets with a long history of successful operating performance.
Our sustainability strategy is supported by ESG commitments.
We seek to enhance responsible production practices at all our global sites.
Our people are the key to our success.
We are results-oriented and value-driven while maintaining a culture of comradery and teamwork.
Freeport-McMoRan in Chile
El Abra is an open-pit copper mining complex located 47 miles north of Calama, in Chile’s El Loa province, Region II.
El Abra is a porphyry copper deposit that has sulfide and oxide mineralization. The predominant primary sulfide copper minerals are bornite and chalcopyrite. There is a minor amount of secondary sulfide mineralization as chalcocite. The oxide copper minerals are chrysocolla and pseudomalachite. There are lesser amounts of copper-bearing clays and tenorite.
The El Abra operation includes a solution extraction/electrowinning facility with a capacity of 500 million pounds of copper cathode per year, a 125,000 metric ton-per-day crushed leach circuit, and a similar-sized run-of-mine leaching operation.
Freeport-McMoRan continues to evaluate a large-scale expansion at El Abra to process additional sulfide material and to achieve higher recoveries. El Abra’s large sulfide resource could potentially support a major mill project similar to facilities constructed at Freeport’s Cerro Verde operations in Peru.