FCX : Freeport-McMoRan Copper & Gold Inc
Sector: Basic Materials > Industry: Gold and Silver
Медь Freeport-McMoran & Gold Inc.. (FCX), through his wholly owned subsidiary, Phelps Dodge Corporation (Phelps trick) are copper, gold and molybdenum mining company. The Company's portfolio of holdings includes the Grasberg Mineral Region in Indonesia, which contains the only recoverable copper reserve and the only gold reserve of any deposit; significant production in North America and South America, and Tenke Fungurume working project in the Democratic Republic of the Congo (DRC). On 31 December 2008, consolidated recoverable proved and probable reserves totaled 102.0 billion pounds of copper, 40 million ounces of gold, 2.48 billion pounds of molybdenum, 266.6 million ounces of silver and 0.7 billion pounds of cobalt. Approximately 35 % its copper reserves were in Indonesia, approximately 31 % been to South America, approximately 28 % were in North America, and about six % have been to Africa. Approximately 96 % his state gold reserves were in Indonesia, with its remaining gold reserve of the state, located in South America. Molybdenum reserves are found primarily in North America (approximately 85 %), with its remaining reserves of molybdenum in South America.
FCX's mining earnings during the year ended 31 December 2008, include copper sales (approximately 76 %), molybdenum (approximately 14 %) and gold (about seven %). It has five operating copper mines in North America., four in South America and the Grasberg Mineral Region in Indonesia. It also has one operating primary molybdenum mine in North America.. During 2008 approximately 60 % of his copper production consolidator were from his Grasberg, Morenci and Cerro Verde mines, and more than half of its mined copper was sold in concentrate, approximately 27 % like a rod (predominantly from his actions of North America) and approximately 19 % like cathodes. During 2008 approximately 55 % his consolidating molybdenum production was from Henderson's molybdenum deposit, and approximately 45 % was produced as a by-product primarily in its North American copper mines. It also produces gold as a by-product in its copper mines., primarily in the Grasberg Mineral Region in Indonesia, which was approximately 90 % its consolidated gold production during 2008.
FCX has five operating copper mines in North America: Morenci, Sierrita, Baghdad and Safford in Arizona, and Tyrone in New Mexico. Besides, the New Mexico Twill mine was placed on care-and-maintenance status in December 2008. All these actions are wholly owned by, excluding Morenci, Unincorporated Joint Venture, in which he owns 85% unallocated interest. In addition to copper Morenci, Sierrita and Baghdad mines produce molybdenum as a by-product. In Indonesia, PT Freeport Indonesia administers the Grasberg Mineral Area. It has joint venture agreements with public limited company Rio Tinto (Rio Tinto), international mining company, regarding part of her mining activities in Indonesia. This belongs 90.64 % PT Freeport Indonesia, and the Government of Indonesia owns the remaining interest in 9.36 %. Its Grasberg minerals district also produces significant quantities of gold and silver as by-products.. PT Freeport Indonesia also owned 25 % Melting PT, melting and refining company in Gresik, Indonesia. It produces molybdenum in its wholly-owned Henderson molybdenum deposit in Colorado. Additionally, it owns the Climax molybdenum deposit in Colorado. In addition to its operating mines, it has mines in development. In Indonesia, it develops her underground mines. In Africa, this supports effective interest in 57.75 % at Tenke Fungurume copper and cobalt concession at DRC.
Copper mines in North America
North American copper mines include open pit mining, Sulfide ore concentration, leaching and SX / EW actions. Most copper, produced in the copper mines of North America, thrown into a copper rod by FCX Rod & Cleaning up actions. North America Copper Division includes Morenci and Sierrita as Publication Segments. Morenci quarry, located in southeastern Arizona, primarily produces copper cathodes and copper concentrates. In addition to copper, the Morenci mine produces small amounts of molybdenum concentrates as a by-product. Sierrita quarry, located in Pima Indian County, Arizona, Primarily produces copper cathodes, copper concentrates and copper sulphate. In addition to copper, Sierrita produces molybdenum concentrate as a by-product. Other mines include FCX's other operating southwestern American copper mines: Baghdad, Safford и Tyrone. In addition to copper, the Baghdad mine produces molybdenum concentrate as a by-product. Other mines also include the United States FCX Southwest Copper Mines, who are in a care-and-service status, including Miami and Paper Twill.
Copper mines in South America
FCX has four operating copper mines in South America - Cerro Verde in Peru, and Candelaria, Ojos del Salado and el Abra in Chile. These activities include open pit and underground mining, Sulfide ore concentration, leaching and SX / EW actions. The South America Copper Mines Division includes Verda Cerro. Verda Cerro Open Pit Copper Mine, located near Arequipa, Peru, Produces copper cathodes and copper concentrates. In addition to copper, the Verda Cerro mine produces molybdenum concentrate as a by-product. In the first quarter 2009 FCX announced plans to temporarily reduce the molybdenum cycle at Verde Cerro. Other mines include the Chilean FCX copper mines - Candelaria, Ojos del Salado and el Abra, which include open pit and underground mining, Sulfide ore concentration, leaching and SX / EW actions. In addition to copper, the mines of Candelaria and Ojos del Salado produce gold and silver as by-products.
Indonesia
Indonesia's mining industry includes PT Freeport Indonesia's Grasberg Minerals Region. PT Freeport Indonesia produces copper concentrates, which contain substantial amounts of gold and silver.
Africa
African mining includes Tenke Fungurume copper and cobalt mining concessions in the Katanga DRC area. Construction is well advanced, and initial production is slated for the second half 2009. Initial project at Tenke Fungurume is based on mining and processing of ore reserves, bringing closer 119 million metric tons with medium ore grades of copper and cobalt on 0.35 % on 2.6 %.
Molybdenum
Molybdenum segment – integrated molybdenum producer, with the mining industry, Sulfide ore concentration, roasting and processing services, which produce high purity, molybdenum-based chemicals, Molybdenum Metal Powder and Metallurgical Products, which are sold to customers all over the world, and includes Henderson's wholly owned molybdenum mine in Colorado and related conversion services. Henderson Underground Field Produces High Purity, chemical grade molybdenum concentrates, which are typically further processed into value-added molybdenum chemicals. This segment also includes a commercial company, which buys and sells molybdenum from the Henderson mine, as well as from the copper mines of North America and South America FCX, which produce molybdenum as a by-product.
Rod & Cleaning
Rod & Cleaning segment composed of copper conversion services, located in North America.
Atlantic Copper Melting & Cleaning
Atlantic Copper, wholly owned FCX smelting unit in Spain, smelts and refines copper concentrates, and the markets have cleared copper and precious metals in slime. PT Freeport Indonesia and South American copper mines generally sell some of their concentrate and cathode (South America) Production to Atlantic Copper.
