Freeport McMoRan

Freeport-McMoRan Inc. (FCX) is a leading international mining company headquartered in Phoenix, Arizona. Established in 1987, FCX specializes in the extraction and production of copper, gold, and molybdenum. It operates some of the world's largest and most significant mining assets.

Operations and Mining Assets

The company's portfolio includes the Grasberg minerals district in Indonesia, one of the world's largest copper and gold deposits. In North America, FCX operates seven open-pit copper mines:

• Morenci, Bagdad, Safford (including Lone Star), Sierrita, and Miami in Arizona
• Chino and Tyrone in New Mexico

It also owns two molybdenum mines, Henderson and Climax, in Colorado. These operations produce molybdenum concentrate, gold, and silver.

Recent Developments

In June 2024, Freeport Indonesia inaugurated a $3.7 billion copper smelter in Gresik, East Java, to meet rising demand for copper in renewable energy. The facility has an input capacity of 1.7 million metric tons of copper concentrate.

The smelter produces approximately 650,000 tons of copper cathode and 50 to 60 tons of gold annually.

Financial Overview

As of July 14, 2025, FCX's stock is trading at $45.78 USD, reflecting a strong position in the mining industry.

Commitment to Sustainability

FCX is committed to sustainability and responsible production practices across its global sites. The company emphasizes safety and health for its employees and integrates these priorities throughout its operations.

Company Locations

• New Orleans, LA, USA

Freeport-McMoRan's diverse operations, focus on innovation, and sustainability efforts position it as a key player in the global mining sector.