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Company Profile
- Freeport-McMoRan Copper & Gold Inc.
- Country : United States
- City: New Orleans
- State: Louisiana - LA
- Address: 1615 Poydras St.
- Zipcode: 70112
- Category: Fortune 1000 Companies
- Description: Freeport-McMoRan Copper & Gold (FCX) really digs its profits. FCX's 86%-owned subsidiary PT Freeport Indonesia (PT-FI; the Indonesian government owns about 10%) operates the vast open-pit Grasberg gold and copper mine (Grasberg also produces silver). One of the world's lowest-cost copper mining operations, PT-FI produces copper for less than 8 cents per pound. The company's projects contain mineral reserves of more than 88 billion pounds of copper and over 100 million ounces of gold. British mining giant Rio Tinto owns about 43% of FCX, and the companies are jointly involved in developing mineral properties in Indonesia's politically and environmentally sensitive Irian Jaya province.
- Products: Mining, Crude-Oil Production