Freeport-McMoRan Inc. is a US-based natural resources company primarily engaged in the mining of copper, gold, molybdenum, and silver. The company operates globally, with mining assets located in North and South America, Indonesia, and Africa.
Freeport-McMoRan's primary business is the exploration, mining, production, and sale of copper, gold, molybdenum, and silver. The company operates through three primary segments: North America copper mines, South America mining, and Indonesia mining. The North America copper mines segment includes five copper mines located in Arizona and New Mexico. The South America mining segment consists of two copper mines in Chile and Peru. The Indonesia mining segment includes operations in Grasberg, a gold and copper mine in Indonesia.
In addition to its mining operations, Freeport-McMoRan also has a copper smelter in Miami, Arizona, which processes copper concentrate into copper cathode, as well as a molybdenum roaster in Colorado that processes molybdenum concentrate into molybdenum oxide.
The company is also committed to responsible and sustainable mining practices, including minimizing its environmental footprint and supporting the communities in which it operates.
Freeport-McMoRan is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol FCX. As of April 2023, it has a market capitalization of over $50 billion.
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