Freeport-McMoRan

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. The company's 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, North America, as well as Cerro Verde in Peru and El Abra in Chile. It also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.

Freeport-McMoRan Inc. is an American multinational mining corporation based in Phoenix, Arizona, United States primarily into the extraction of copper, gold, silver, and molybdenum. The roots of Freeport-McMoRan go back to 1912 when the McMoRan Oil & Gas Company was founded in Texas by James “Buck” McMoRan and partner Thomas H. McMoran. In 1966, McMoRan merged with Freeport Minerals Company, a Houston-based mining firm. Although the new entity was named Freeport-McMoRan Oil & Gas Co., the focus of the business had change to mining. In 1973, Freeport merged with the Cyprus Mines Corporation, a large copper-mining firm operating in Indonesia, to form Freeport-McMoRan Copper & Gold, Inc. Freeport-McMoRan would become one the world’s top 10 copper-mining companies. In 1989, Freeport-McMoRan Copper & Gold, Inc. spun off its oil and gas operation and changed its name to Freeport-McMoRan Inc. In 2006, Freeport-McMoRan acquired Phelps Dodge, a major copper producer, for stock valued at $26.5 billion, forming one of the largest corporations in the metals and mining industry. The merger was completed in 2007 after which the company changed its name to Freeport-McMoRan. In the present day, Freeport-McMoRan continues to conduct operations worldwide. It is the largest publicly traded copper producer in the world, employing about 30,000 people, including 15,400 in North America and 14,600 in Indonesia. A majority of the company's revenues and profits are from the sale of copper and gold.

Freeport-McMoRan’s mission is to create value for its customers, shareholders, and employees through the discovery, acquisition, development and marketing of natural resources.

Freeport-McMoRan’s vision is to be a premier natural resource-based company, providing superior service and sustainable growth.