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Last $165.39 MXN
Change Today -0.81 / -0.49%
Volume 25.8K
FCX* On Other Exchanges
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As of 4:09 PM 09/2/15 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 85004-2189

United States

Phone: 602-366-8100

Fax:

Freeport-McMoRan Inc. operates as a natural resource company in the United States. The company’s portfolio of assets includes the Grasberg minerals district in Indonesia, a copper and gold deposit, significant mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa and significant oil and natural gas assets in North America. As of December 31, 2014, the company’s estimated consolidated recoverable proven and probable mineral reserves totaled 103.5 billion pounds of copper, 28.5 million ounces of gold, 3.11 billion pounds of molybdenum, 282.9 million ounces of silver and 0.85 billion pounds of cobalt. As of December 31, 2014, the company owned interests in oil and gas leases covering 5.0 million gross acres (2.9 million acres net to its interest). The company’s oil and gas operations include oil production facilities and growth potential in the Deepwater Gulf of Mexico (GOM), established oil production facilities onshore and offshore California, large onshore natural gas resources in the Haynesville shale play in Louisiana, natural gas production from the Madden area in central Wyoming, and a position in the emerging Inboard Lower Tertiary/Cretaceous natural gas trend located in the shallow waters of the GOM and onshore in South Louisiana. Products Copper Products The company produces copper concentrate, cathode, and continuous cast copper rod. Copper Concentrate: The company produces copper concentrate at six of its mines, of which PT Freeport Indonesia (PT-FI) is the company’s major producer. In North America, copper concentrate is produced at its Morenci, Bagdad, Sierrita and Chino mines, and is shipped to its Miami smelter in Arizona. In South America, the company produces copper concentrate at its Cerro Verde mine. Copper Cathode: The company produces copper cathode at its electrolytic refinery located in El Paso, Texas, and at 10 of its mines. In North America, Solution extraction/electrowinning (SX/EW) cathode is produced from its Morenci, Bagdad, Safford, Sierrita, Miami, Chino and Tyrone mines; in South America from its Cerro Verde and El Abra mines; and from the Tenke minerals district in Africa. Continuous Cast Copper Rod: The company manufactures continuous cast copper rod at its facilities in El Paso, Texas; Norwich, Connecticut; and Miami, Arizona, primarily using copper cathode produced at its North America copper mines. Mining Operations North America Morenci: The company owns an 85 percent undivided interest in Morenci, with the remaining 15 percent owned by affiliates of Sumitomo Corporation. The Morenci operation consists of two concentrators capable of milling 115,000 metric tons-per-day, which produce copper and molybdenum concentrates; a 68,000 metric ton-per-day crushed-ore leach pad and stacking system; a low-grade run-of-mine (ROM) leaching system; four SX plants; and three EW tank houses that produce copper cathode. Total EW tank house capacity is approximately 900 million pounds of copper per year. Morenci's available mining fleet consists of 100 and eleven 236-metric ton haul trucks loaded by 12 shovels with bucket sizes ranging from 47 to 57 cubic meters, which are capable of moving an average of 815,000 metric tons of material per day. The Morenci operation encompasses approximately 65,100 acres, consisting of 51,150 acres of patented mining claims and other fee lands, 10,900 acres of unpatented mining claims and 3,050 acres of land held by state or federal permits, easements and rights-of-way. The Morenci operation's electrical power is primarily sourced from Tucson Electric Power Company, Arizona Public Service Company and the Luna Energy facility in Deming, New Mexico. Bagdad The company’s wholly owned Bagdad mine is an open-pit copper and molybdenum mining complex located in Yavapai County in west-central Arizona. It is approximately 60 miles west of Prescott and 100 miles northwest of Phoenix. The Bagdad mine is a porphyry copper deposit containing both sulfide and oxide mineralization. The Bagdad operation consists of a 75,000 metric ton-per-day concentr

 

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