One of the world's largest publicly traded copper producers, also involved in gold mining and energy production.
Freeport-McMoRan Inc. is engaged in the mining and production of mineral properties across North America, South America, and Indonesia. The company focuses on extracting copper, gold, molybdenum, silver, and other metals, along with oil and gas. Key assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado. In South America, the company operates significant mining operations such as Cerro Verde in Peru and El Abra in Chile.
In addition to its mining operations, Freeport-McMoRan maintains a diverse portfolio of oil and gas properties, mainly situated offshore in California and the Gulf of Mexico. As of December 31, 2021, the company operated approximately 135 wells, underscoring its presence in the energy sector. This integration of mining and energy assets allows Freeport-McMoRan to leverage synergies and optimize its resource extraction and production processes.
Founded in 1987 and headquartered in Phoenix, Arizona, Freeport-McMoRan was originally known as Freeport-McMoRan Copper & Gold Inc. before adopting its current name in July 2014. The company's extensive portfolio and strategic asset locations underscore its position as a leading player in the global mining and resource extraction industry, committed to sustainable and efficient operations.