- Business
- Freeport-McMoRan Inc. Freeport-McMoRan Inc. engages in the exploration, development, production, and sale of copper, molybdenum, gold, and other metals through mining operations across North America, South America, and Indonesia. The company operates large-scale assets including the Grasberg minerals district in Indonesia, one of the world's largest copper and gold deposits; the Morenci minerals district in Arizona, North America; Cerro Verde in Peru, South America; El Abra in Chile; and additional copper mines, molybdenum operations such as Climax in Colorado, and a copper smelter in Miami, Arizona; it also produces byproducts including silver, carbon black, sulfate, magnetite, and cobalt. Incorporated under Delaware law on November 10, 1987, and headquartered in Phoenix, Arizona, Freeport-McMoRan Inc. maintains geographically diverse reserves serving global markets in the United States, Japan, Switzerland, Indonesia, China, and other regions.
In recent developments, the company completed a 2025 AuRORA expansion-focused drill program at the JOY Copper-Gold District in Canada through its subsidiary Freeport-McMoRan Mineral Properties Canada Inc., advancing under a joint venture that includes up to CAD $200 million in staged non-dilutive funding. Freeport-McMoRan Inc. is also navigating a strategic divestment in Indonesia, where the government acquired a 12% stake in its local operations tied to Grasberg mine permit extensions beyond 2041, alongside ongoing discussions for long-term operational rights. These initiatives underscore expansions in exploration and efforts to secure operational continuity amid global resource demands.