Freeport-McMoRan Inc

Company Profile

• Business description

  Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world’s largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2024. We expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 650,000 ounces then due to falling production at Grasberg.

• Contact

  333 North Central Avenue
  PhoenixAZ85004-2189
  USA

  T: +1 602 366-8100

  E: [email protected]

  https://www.fcx.com

• Sector

  Basic Materials

  Stock type

  Cyclical

• Industry

  Copper

  Fiscal Year End

  31 December 2025

  Employees

  28,500