Freeport-McMoRan Inc. is a mining company that operates in the United States, Indonesia, Peru, and Chile. The company was founded in 1981 through the merger of Freeport Minerals, formerly Freeport Sulphur Company, and McMoRan Oil & Gas Company. The headquarters of Freeport-McMoRan Inc. is located in Phoenix, Arizona, USA. The company is primarily involved in the exploration, mining, and production of copper, gold, and molybdenum. The company also produces silver and other metals as by-products of its mining activities.
The company's mining operations are conducted through its subsidiaries, including PT Freeport Indonesia, which operates the Grasberg mine, one of the largest gold and copper mines in the world. The company's operations in the United States include the Morenci, Bagdad, and Safford mines in Arizona, the Chino and Tyrone mines in New Mexico, and the Henderson and Climax mines in Colorado. In Peru, the company operates the Cerro Verde mine, while in Chile, it operates the El Abra and El Teniente mines.
Freeport-McMoRan Inc. went public in 1981 through its merger with McMoRan Oil & Gas Company. The company is listed on the New York Stock Exchange (NYSE) under the ticker symbol FCX. The initial public offering (IPO) of the company was priced at $14 per share. Over the years, the company has undergone several mergers and acquisitions, including the acquisition of Phelps Dodge Corporation in 2007.