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Last $20.67 USD
Change Today -0.16 / -0.77%
Volume 17.3M
FCX On Other Exchanges
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As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

333 North Central Avenue

Phoenix, AZ 85004

United States

Phone: 602-366-8100

Fax:

rs, which are capable of moving an average of 214,000 metric tons of material per day. El Abra’s copper production totaled 367 million pounds in 2014. El Abra receives electrical power under a long-term contract with E-Cl. Indonesia The company owns 81.28 percent of PT-FI and indirectly owns 9.36 percent through its wholly owned subsidiary, PT Indocopper Investama; the Indonesian government owns the remaining 9.36 percent. PT-FI operates the mines in the Grasberg minerals district. In addition to copper, the Grasberg minerals district also produces significant quantities of gold and silver. PT-FI also sells a small amount of copper concentrates in the spot market. The Grasberg minerals district has three operating mines: the Grasberg open pit, the deep ore zone (DOZ) underground mine and the Big Gossan underground mine. The company also has various projects in progress in the Grasberg minerals district related to the development of the large-scale, long-lived, high-grade underground ore bodies located beneath and nearby the Grasberg open pit. PT-FI’s production, including the company’s joint venture partner’s share, totaled 651 million pounds of copper and 1.13 million ounces of gold in 2014. Grasberg Open Pit The open-pit equipment fleet consists of approximately 500 units. The larger mining equipment directly associated with production includes an available fleet of 150 haul trucks with payloads ranging from 218 to 330 metric tons and 16 shovels with bucket sizes ranging from 30 to 42 cubic meters, which mined an average of 298,000 metric tons of material per day during 2014. DOZ Underground Mine: The DOZ mine fleet consists of approximately 250 pieces of mobile equipment, which is capable of mining an average of 80,000 metric tons of material per day. The primary mining equipment directly associated with production and development includes an available fleet of 52 LHD units and 20 haul trucks. Each production LHD unit typically carries approximately 11 metric tons of ore. Big Gossan Underground Mine: The Big Gossan mine lies underground and adjacent to the mill site. The Big Gossan underground mine fleet consists of approximately 100 pieces of mobile equipment, which includes 5 LHD units and 3 haul trucks used in development and production activities. The company’s Indonesia ore bodies are located within and around two main igneous intrusions, the Grasberg monzodiorite and the Ertsberg diorite. Africa The company owns an effective 56 percent interest in Tenke Fungurume Mining S.A.R.L. (TFM), with the remaining ownership interests held by Lundin Mining Corporation (Lundin) (an effective 24 percent interest) and La Generale des Carrières et des Mines (Gecamines). The Tenke minerals district is located in the Katanga province of the DRC approximately 110 miles northwest of Lubumbashi. The deposits are sediment-hosted copper and cobalt deposits with oxide, mixed oxide-sulfide and sulfide mineralization. The Tenke minerals district contains an open-pit copper and cobalt mining complex. The equipment fleet includes one 10-cubic meter mass excavator, three 17-cubic meter mass excavators, four 12-cubic meter front-end loaders, thirteen 7-cubic meter front-end loaders, thirty-two 91-metric ton haul trucks and fifteen 45-metric ton haul trucks. TFM has long-term power supply and infrastructure funding agreements with La Societe Nationale d’Electricite, the state-owned electric utility company serving the region. Smelting Facilities and Other Mining Properties The company’s wholly owned Atlantic Copper smelter and refinery is located on land concessions from the Huelva, Spain, port authorities, which are scheduled to expire in 2027. The design capacity of the smelter is approximately 300,000 metric tons of copper per year and the refinery has a capacity of 285,000 metric tons of copper per year. During 2014, Atlantic Copper treated 1.1 million metric tons of concentrate and scrap and produced 294,100 metric tons of copper anodes from its smelter and 283,800 metric tons of copper cathodes from its refinery. PT Smelting: PT Smelting owns and operates the smelter and refinery. PT-F

 

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