Freeport-McMoRan, Inc.

Freeport-McMoRan, Inc.

Freeport-McMoRan, Inc.

Overview
Date Founded

1987

Headquarters

333 N CENTRAL AVE, PHOENIX, AZ, 850042189

Type of Company

Public

Employees (Worldwide)

26.8K

Industries

Metal Manufacturing & Products
Non-Energy Mining & Minerals

Company Description

Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines; South America Mining; Indonesia Mining; Molybdenum Mines; Rod and Refining; Atlantic Copper Smelting and Refining; and Corporate, Other, and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona; and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America, and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other, and Eliminations segment consists of other mining and eliminations, oil and gas operations, and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.

Contact Data
Trying to get in touch with decision makers at Freeport-McMoRan, Inc.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

President & Chief Executive Officer

Executive Vice President, Chief Financial Officer & Treasurer

Secretary & Deputy General Counsel

President & Chief Operating Officer-Americas

Executive Vice President, Oil & Gas Business

Executive Vice President, Oil & Gas Business

Owner Relations Analyst

General Manager

General Manager

Chief Metallurgist

Board of Directors

Co-Managing Member at Ford Financial

President & Chief Executive Officer at Freeport-McMoRan, Inc.

Executive Vice President, Worldwide Government, Legal & Business Affairs at MacAndrews & Forbes Holdings, Inc.

Former Principal at Airport Property Ventures LLC

Former Chairman & Chief Executive Officer at Brunswick Corporation

Co-General Counsel at Icahn Enterprises LP

Chairman at PT Freeport Indonesia Company

Paths to Freeport-McMoRan, Inc.
Potential Connections via
Relationship Science
You
Freeport-McMoRan, Inc.
Owners & Shareholders
Details Hidden

Icahn Associates Holding is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

Details Hidden

Founded in 1979, Fisher Asset Management, Inc. is a registered investment advisor headquartered in Woodside, California. The firm is also known as Fisher Investments. The firm provides a variety of a discretionary, fee-based wealth management strategies and investment management services to high net-worth individuals and institutions throughout North America and the UK.

Details Hidden

Iridian Asset Management is an independently owned, value-oriented investment management firm focused on active equity investment strategies for institutional investors, including foundations and endowments, corporate and public pension funds, sub-advised and Taft Hartley funds. As of September 30, 2012, assets under management totalled $7.7 billion in U.S. mid-cap, large-cap and small-cap equity strategies. Iridian was founded in 1996 by David Cohen and Harold Levy, two seasoned investment professionals who have worked side-by-side in the investment industry for over 20 years. Our unique "private business value" approach to investing, which drives our mid-cap and large-cap strategies, has its roots in their early investment careers, which encompassed direct experience in private equity, venture capital, distressed debt and bankruptcy takeovers. In analyzing investment opportunities, our founders learned the importance of focusing on cash-related metrics and in-depth, critical assessment of a company's management — two key factors that have been fundamental in shaping a shared and distinctive investment philosophy. In December 2009, the co-portfolio management team of Jordan D. Alexander and Stephen A. Friscia, Jr. joined Iridian to manage a Small-Cap Value strategy. Jordan and Stephen have worked together since 1998 and have co-managed small cap value strategies as a team since 2000. Today, Iridian is built around a collaborative team of experienced investment professionals managing a range of traditional investment strategies for institutional investors.

Recent Transactions
Details Hidden

PT Indonesia Asahan Aluminium (Persero) purchases PT Indocopper Investama Corp. from Freeport-McMoRan, Inc.

Details Hidden

Cox Oil Offshore LLC purchases Freeport Mcmoran Oil & Gas Inc /Gulf of Mexico Oil Fields from Freeport-McMoRan, Inc.

Details Hidden

Quantum Energy Partners LLC, Sentinel Peak Resources LLC purchase Freeport-Mcmoran, Inc. /California Oil & Gas Properties from Freeport-McMoRan, Inc.

Insider Transactions
Details Hidden
Details Hidden
Details Hidden
Transaction Advisors
Legal Advisor

Advised onFreeport-McMoRan, Inc. purchases Phelps Dodge Corp.

Investment Advisor

Advised onFreeport-McMoRan, Inc. purchases Phelps Dodge Corp.

Legal Advisor

Advised onFreeport-McMoRan, Inc. purchases Plains Exploration & Production Co.

Legal Advisor

Advised onFreeport-McMoRan, Inc. purchases Phelps Dodge Corp.

Legal Advisor

Advised onFreeport-McMoRan, Inc. purchases Phelps Dodge Corp.

Head, Executive Compensation Group

Advised onChina Molybdenum Co., Ltd., CMOC Co., Ltd. purchase Freeport-McMoRan DRC Holdings Ltd. from Freeport-McMoRan, Inc.

Advisors & Consultants
Advisor

Founder at Helena Advisors LLC

Legal Advisor

Presiding Partner at Debevoise & Plimpton LLP

Advisor

Chairman at PT Freeport Indonesia Company

Clients

El Paso Electric Co. engages in the generation, transmission, and distribution of electricity in West Texas and southern New Mexico. Its energy sources consist of nuclear fuel, natural gas, coal, wind turbines, and purchased power. The company's electrical generating facilities include Palo Verde Station, Newman Power Station, Rio Grande Power Station, Four Corners Station, Copper Power Station, and Wind Ranch. It serves residential, commercial, industrial, public authority and wholesale customers in El Paso, Texas and Las Cruces, New Mexico. The company was founded on August 30, 1901 and is headquartered in El Paso, TX.

Atkore International Group, Inc. engages in the manufacture of electrical raceway products. It operates through the Electrical Raceway; and Mechanical Products and Solutions (MP&S) segments. The Electrical Raceway segment manufactures products that deploy, isolate, and protect a structure's electrical circuitry from the power source to the final outlet. The MP&S segment provides products and services that frame, support, and secure component parts in a range of structures, equipment, and systems in electrical, industrial, and construction applications. The company was founded on November 4, 2010 and is headquartered in Harvey, IL.

Mitsubishi International Corporation (MIC) is a wholly-owned U.S. subsidiary of Mitsubishi Corporation (Americas). MIC offers high-value-added services in a broad range of business fields. MIC's primary businesses are related to global trading that links merchandise and industrial products to consumers, complex project management, and strategic finance and investment. Other important functions of MIC include marketing, distribution, materials procurement, technology transfer, product sourcing, and supply chain management.

Key Stats and Financials As of 2018
Market Capitalization
$18.7B
Total Enterprise Value
$30B
Earnings Per Share
$1.79
Revenue
$19B
Total Debt
$11.1B
EBITDAMargin
36.71%
Enterprise Value Sales
1.58x
Enterprise Value EBITDAOperating
4.32x
TEVNet Income
11.5x
Debt TEV
0.37x
EBITDA
$6.96B
Total Equity
$17.9B
Net Profit
$2.61B
Three Year Compounded Annual Growth Rate Of Revenue
5.26%
Five Year Compounded Annual Growth Rate Of Revenue
-2.39%
Political Donations
$2,500
2014
$2,500
2014
$440
2013
Investments
Details Hidden

Novariant, Inc. provides pre-eminent precision steering solutions. It offers precision steering and controls, positioning and vision sensors, human machine interface, communications, software data services and vehicle interface. The company was founded by Glen Sapilewski, Clark E. Cohen, Avi Gross, Lars G. Leckie, Kurt Zimmerman, Dave Lawrence, Gregory Gutt, Michael Eglington, Stewart Cobb, Tom Bell, Paul Montgomery and Michael O'Connor in 1994 and is headquartered in Fremont, CA.

Details Hidden

Quadrem International Ltd. provided business solutions that connect buyers and suppliers. It offered sourcing and spends management; procure to pay, data management, suppliers, and buyers solutions; and support and training services. The company was founded in 2000 and was headquartered in Keller, TX.

Details Hidden

Plains Offshore Operations, Inc. acquires, develops, explores and produces oil and gas properties. The company is headquartered in Houston, TX.

Suppliers
Boart Longyear Ltd. Oil & Gas | South Jordan, UT

Boart Longyear™ is headquartered in Salt Lake City, Utah and publicly listed on the ASX (Australian Securities Exchange) in Australia. Regional offices and operations are located in Asia Pacific, North and South America, Europe and Africa. Boart Longyear is a trusted partner and global leader in providing world-class drilling services and products to the global mining industry. The company also services industries in water exploration, environmental sampling, energy, and oil sands exploration. The Company has a unique ability to manufacture and deliver a variety of tooling, equipment and expertise direct to customers around the world. Boart Longyear conducts contract drilling services in more than 40 countries, and provides mining products to customers in over 100 countries.

Hornbeck Offshore Services, Inc. (Louisiana) Marine Shipping | Covington, LA

Hornbeck Offshore Services, Inc. (Louisiana) engages in the provision of marine transportation services to exploration and production, oilfield service, offshore construction, and military customers. It owns and operates fleets of offshore support vehicles and multi-purpose support vehicles. The company was founded by Todd M. Hornbeck in June 1997 and is headquartered in Covington, LA.

A.C.N. 004 410 833 Ltd. Wholesale: Industrial Products & Manufacturing | St. Leonard's, NS

A.C.N. 004 410 833 Ltd. manufactures and distributes steel products. The company operates its business through three segments: Mining, Mining Consumables and Steel. The Mining segment exports hematite iron ore to external customers and supplies both pelletised magnetite iron ore and some hematite lump iron ore. The Mining Consumables supplies resource companies with a range of key mining consumables including grinding media, wire ropes and rail wheels. The steel segment billet at its integrated steelworks in Whyalla and two electric arc furnaces. It also distributes a diverse range of manufactured and externally sourced steel and metal products including structural steel sections, steel plate, angles, channels, reinforcing steel and carbon products to the construction, manufacturing and resource markets. A.C.N. 004 410 833 was founded on July 22, 1958 and is headquartered in Sydney, Australia.

Competitors
Glencore Plc Non-Energy Mining & Minerals - Baar, ZG

Glencore Plc produces and markets metal, mineral & energy and agricultural commodities. Its products include copper, zinc, lead, nickel, ferroalloys, aluminum, iron ore, coal, and oil. The company operates through following segments; Metals and Minerals, Energy Products and Agriculture Products. The Metals and Minerals segment produces zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt and iron ore. The Energy Products segment provides crude oil, oil products, steam coal and metallurgical coal. The Agriculture Products segment produces wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton and sugar. Glencore was founded in 1974 and is headquartered in Baar, Switzerland.

Southern Copper Corp. Metal Manufacturing & Products - Phoenix, AZ

Southern Copper Corp. engages in the development, production, and exploration of copper, molybdenum, zinc, and silver. It operates through the following segments: Peruvian Operations, Mexican Open-Pit Operations, and Mexican Underground Mining Operations. The Peruvian Operations segment focuses on the Toquepala and Cuajone mine complexes and the smelting and refining plants, including a precious metals plant, industrial railroad, and port facilities that service both mines. The Mexican Open-Pit Operations segment consists of La Caridad and Buenavista mine complexes and the smelting and refining plants, including a precious metals plant and a copper rod plant and support facilities that service both mines. The Mexican Underground Mining Operations segment includes underground mines that produce zinc, copper, lead, silver and gold, a coal mine that produces coal and coke, and a zinc refinery. The company was founded on December 12, 1952 and is headquartered in Phoenix, AZ.

Antofagasta Plc Non-Energy Mining & Minerals - London, LO

Antofagasta is a Chilean-based copper mining group with interests in transport and water distribution. It is listed on the London Stock Exchange and has been a constituent of the FTSE-100 index since 2004. The Group creates value for its shareholders through the discovery, development and operation of copper mining operations. It is committed to sustainable development, embedding safety and sustainability throughout its operations. In the conduct of its activities, it places great importance on health and safety, management of human resources, community relations and environmental matters. Today, Antofagasta’s activities are mainly concentrated in Chile where it owns and operates four copper mines with a total production in 2012 of 709,600 tonnes of copper, 299,900 ounces of gold and 12,200 tonnes of molybdenum. It is also the principal provider of cargo transport and water distribution in the Antofagasta Region in the north of Chile. Antofagasta also has exploration and evaluation or feasibility programmes in North America, Latin America, Europe, Asia and Africa.

Awards & Honors
Rank #175
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #175
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Freeport-McMoRan, Inc.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Freeport-McMoRan, Inc.'s profile does not indicate a business or promotional relationship of any kind between RelSci and Freeport-McMoRan, Inc..
  • be_ixf; php_sdk; php_sdk_1.4.15
  • https://relationshipscience.com/organization/freeport-mcmoran-inc-6391
  • https://relationshipscience.com/organization/freeport-mcmoran-inc-6391