Freeport-McMoRan Inc.

About

Freeport-McMoRan Inc. (FCX), established in 1988, is a leading mining company known for its significant copper and gold production. The company emerged following the discovery of the Grasberg deposit in Indonesia and has since evolved through various acquisitions, including Phelps Dodge in 2007, which solidified its position as a major player in the mining industry. FCX's diverse portfolio includes assets developed by several predecessor companies, making it a unique entity in the mining sector.

Verified company data

Mineral resource

FCX has significant undeveloped reserves and resources in the U.S. 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.

Projects

["In the U.S. 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 U.S. copper mines.","FCX operates two copper mines in South America — Cerro Verde in Peru and El Abra in Chile. In addition to copper, the Cerro Verde mine also produces molybdenum concentrate and silver.","Through its subsidiary, PTFI, FCX mines one of the world’s largest copper and gold deposits in the Grasberg minerals district in Papua, Indonesia. In addition to copper and gold, PTFI produces silver. FCX has a 48.76 percent interest in PTFI and manages its mining operations."]

Leadership

Richard C. Adkerson (Chairman of the Board, Chairman of the Board of Freeport-McMoRan Inc. since February 2021, previously served as CEO from 2003 to June 2024.), Dustan E. McCoy (Lead Independent Director, Retired Chairman and CEO of Brunswick Corporation, with over 20 years of experience in the natural resources industry.), Kathleen L. Quirk (President and Chief Executive Officer, Joined Freeport in 1989, appointed CEO in 2024, previously served as CFO.), David P. Abney (Director, Retired Chairman and CEO of UPS, with a 46-year career at the company.), Marcela E. Donadio (Director, Retired Partner of Ernst & Young LLP, served as Americas Oil & Gas Sector Leader.), Hugh Grant (Director, Retired Chairman and CEO of Monsanto Company, with a 37-year career at the company.), Lydia H. Kennard (Director, President and CEO of KDG Construction Consulting, with over 40 years of experience in aviation and construction management.), Ryan M. Lance (Director, Chairman and CEO of ConocoPhillips since 2012, with over 40 years in the oil and gas industry.), Sara Grootwassink Lewis (Director, Founder of Lewis Corporate Advisors, with extensive experience in corporate finance and capital markets.), John J. Stephens (Director, Retired Senior Executive VP and CFO of AT&T Inc., served from 2011 to 2021.), Frances Fragos Townsend (Director, Independent consultant with a background in corporate affairs and national security, previously served as Executive VP at Activision Blizzard.)

Verified data last updated: 2026-08-14