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FCX - Freeport McMoRan Copper & Gold Inc.


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Freeport McMoRan Copper & Gold Inc. logo

Freeport-McMoRan Inc. is actively engaged in mineral property mining across North America, South America, and Indonesia. Specializing in the exploration and extraction of copper, gold, molybdenum, silver, and other metals, the company also extends its operations to include oil and gas exploration. Its diverse asset portfolio encompasses prominent mining districts such as Grasberg in Indonesia, Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona, and Tyrone and Chino in New Mexico, among others. Additionally, it manages significant mining operations in Cerro Verde, Peru, and El Abra, Chile.

Beyond mineral extraction, Freeport-McMoRan Inc. maintains a substantial presence in the oil and gas sector with a portfolio of properties situated predominantly in offshore California and the Gulf of Mexico. The company operates approximately 135 wells as of December 31, 2021, contributing to its diversified revenue streams and operational resilience.

Founded in 1987 and headquartered in Phoenix, Arizona, Freeport-McMoRan Inc. has evolved from its earlier identity as Freeport-McMoRan Copper & Gold Inc. to encompass a broader scope of mineral mining and energy exploration activities. The strategic rebranding in July 2014 reflects its commitment to expanding beyond traditional mining operations into integrated resource management.

With a steadfast focus on sustainable mining practices and operational excellence, Freeport-McMoRan Inc. continues to leverage its extensive industry expertise and global footprint to drive long-term value for its stakeholders. The company's headquarters in Phoenix serves as a hub for strategic decision-making and operational oversight, ensuring effective management of its diverse portfolio of mining and energy assets across multiple continents.

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Stock Sector: Metals and Mining: Copper

 

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