About
Freeport-McMoRan (FCX) is a top international mining company with major reserves of copper, gold, and molybdenum. Operations span across North America, South America, and Indonesia, including key assets like the Grasberg minerals district.
In North America, FCX operates seven open-pit copper mines — Morenci, Bagdad, Safford (including Lone Star), Sierrita and Miami in Arizona, and Chino and Tyrone in New Mexico; and two molybdenum mines — Henderson and Climax in Colorado. Molybdenum concentrate, gold and silver are also produced by certain of FCX’s North America copper mines.
FCX’s Lone Star project located near its Safford operation in Arizona was substantially completed in 2020. FCX continues to advance opportunities to increase Lone Star operating rates and is advancing plans to increase volumes to achieve 300 million pounds of copper per year from oxide ores.
FCX has significant undeveloped reserves and resources in North America and a portfolio of potential long-term development projects. Future investments are dependent on market conditions and will be undertaken based on the results of economic and technical feasibility studies, including the incorporation of innovation initiatives to reduce capital intensity.
