About the Company
Freeport – McMoran Inc., more popularly known simply as Freeport, is a prime global mining company located at the Freeport- McMoran Center, in Phoenix, Arizona. The company was established by Eric Pierson Swenson, alongside a group of investors in 1912. It underwent a merger with Freeport Minerals, previously known as the Texas Freeport Sulphur Company and McMoran Oil & Gas Company, ultimately becoming Freeport – McMoran, Inc. This company was integrated under the legislation of the state of Delaware on November 10th, 1987. It has extensive operations, with geographically varying benefits and potential reserves of gold, copper and molybdenum.
Freeport – McMoran, Inc. stocks trade on the New York Stock Exchange under the ticker symbol “FCX”. In North America, this company operates seven open-pit copper mines and two molybdenum mines. It also works with two copper mines in South America- Cerro Verde in Peru and El Abra in Chile. Cerro Verde mine manufactures molybdenum concentrate and silver. Its operations averaged 393,100 metric tons of ore per day in 2019. Continuing with the productiveness and inventive dynamism, FCX is targeting to increase its production to 420,000 metric tons of ore per day in 2021.
According to the Fortune 500 list, this company ranked at number 176 in 2018. Freeport Mc-Moran’s copper purifying joint venture in Gresik Regency accounted for 13% of the company’s total revenue. The company regulates the world’s largest and enriching gold mine - the Grasberg mine in Papua, Indonesia. Freeport- McMoran also acquired Phelps Dodge Corp., one of the largest copper mining concerns in the world for $25.9 billion in cash to create the largest publicly bartered copper company globally.
The components provided by FCX plays a pivotal role in transporting technologies that navigate the future. During year-end of 2018, their worldwide workforce encompassed employees and contractors of approximately 65,600 individuals.;
Organisation | Freeport-McMoRan Inc |
Industry | Copper |
HeadQuarters | Phoenix, AZ |