Freeport-McMoRan (FCX) is a leading international mining company. Headquartered in Phoenix, Arizona, FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. The company has a dynamic portfolio of operating, expansion and growth projects in the copper industry and is the world’s largest producer of molybdenum. FCX’s portfolio of assets includes the Grasberg mining complex (the world’s largest copper and gold mine in terms of recoverable reserves), significant mining operations in North and South America, and the Tenke Fungurume minerals district in the Democratic Republic of Congo.
As an industry leader, the company has proven expertise in both technology and production methods, including open-pit mining, SX/EW production technology, block cave underground mining, and copper concentrate leaching.
During 2010, FCX commissioned The Seidman Institute to analyze the economic impact of its copper and gold operations for the States of Colorado, New Mexico, Texas and Arizona and their selected counties.