Freeport-McMoRan, Inc.
Industry Group: Diversified Metals
Country/Region: United States of America
Identifier: NYS:FCX
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2023, making it the one of the world’s largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. About 75% of 2023 revenue was from copper, with a further 15% from gold and about 10% from molybdenum. It had about 25 years of copper reserves at end December 2023. we expect it to sell similar amounts of copper midcycle in 2028, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Diversified Metals 27 out of 230
Universe
Global Universe 9420 out of 15100
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| Southern Copper Corp. |
25.6
Medium
|
14 out of 230 |
| Freeport-McMoRan, Inc. |
28.1
Medium
|
27 out of 230 |
| Rio Tinto Ltd. |
34
High
|
59 out of 230 |
| Glencore Plc |
38.9
High
|
85 out of 230 |
| Saudi Arabian Mining Co. |
48.5
Severe
|
150 out of 230 |
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Controversy Rating
Highest Controversy level that has impacted Freeport-McMoRan, Inc.'s ESG Risk Rating in the last three years
Highest Controversy Level
Contributing Events
Highest Controversy Events Locations
