About Freeport-McMoRan

Freeport-McMoRan (FCX) is a leading international mining company primarily focused on copper, gold, and molybdenum production. It operates some of the world's largest and longest-lived mineral assets, including the Grasberg minerals district in Indonesia—one of the largest copper and gold deposits globally—and major operations in the Americas such as the Morenci minerals district in North America and the Cerro Verde operation in South America[6][8]. The company’s origins trace back to 1912 when it was founded as Freeport Sulphur Company, initially focused on sulfur extraction using the innovative Frasch process at the Bryan Mound salt dome in Texas. The town of Freeport, Texas, was established to support these mining operations. Over time, the company diversified into copper, gold, and other minerals. A significant milestone was the discovery of the Grasberg copper and gold deposit in Indonesia in 1988, which transformed Freeport-McMoRan into a global mining powerhouse[1][2][5][7]. Freeport-McMoRan evolved through mergers and acquisitions, notably merging Freeport Minerals Company with McMoRan Oil and Gas in 1981, and later acquiring Phelps Dodge in 2007. The Phelps Dodge acquisition substantially increased its copper reserves, establishing FCX as one of the largest copper producers worldwide. In 2016, the company strategically exited the oil and gas sector to focus exclusively on mining, reflecting a commitment to its core strengths[2][3][5]. Headquartered in Phoenix, Arizona, FCX employs over 10,000 people and emphasizes safety, health, and workplace inclusion as core values. It is a founding member of the International Council on Mining and Metals (ICMM), implementing sustainable development frameworks to ensure responsible sourcing and environmental stewardship[6]. Today, Freeport-McMoRan is publicly traded on the New York Stock Exchange under the ticker symbol "FC

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Tragedy at Freeport-McMoRan's Grasberg Mine Raises Questions About Safety Protocols and Responsibility

25 Sep 2025 35 views

#indonesia #mining #safety

A mud rush at Freeport-McMoRan's Grasberg Mine in Indonesia resulted in the death of two workers and raises concerns about the company's safety and environmental practices.