Freeport-McMoRan Company Review & Valuation
About Freeport-McMoRan Inc.
engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile.
The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas.
Its 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 and El Abra mines in South America.
It also operates a portfolio of oil and gas assets comprising oil and natural gas production onshore in South Louisiana; and on the Gulf of Mexico shelf and oil production offshore California.
As of December 31, 2017, the company's estimated consolidated recoverable proven and probable mineral reserves totaled 86.7 billion pounds of copper, 23.5 million ounces of gold, and 2.84 billion pounds of molybdenum, as well as estimated proved developed oil and natural gas reserves totaled 10.1 million barrels of oil equivalents.
The company was formerly known as Freeport-McMoRan Copper & Gold Inc.
and changed its name to Freeport-McMoRan Inc.
in July 2014.
was founded in 1987 and is headquartered in Phoenix, Arizona.