Freeport-McMoRan, Inc.

Freeport-McMoRan, Inc.

Freeport-McMoRan, Inc.

Overview
Date Founded

1987

Headquarters

333 NORTH CENTRAL AVENUE, PHOENIX, AZ, 85004

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
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Executives & Employees

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

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

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Freeport-McMoRan, Inc.
Owners & Shareholders
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Capital World Global Investors (CWGI) is the investment adviser to the American Funds Group, a family of 30 funds marketed to individuals exclusively through financial advisers and other intermediaries. American Funds are also used as investment vehicles for 401ks, other retirement plans, variable annuities and 529 college savings plans. The funds have the following characteristics: (1) a long-term, value-oriented approach (2) long-established, global research (3) a multiple portfolio counselor system that combines teamwork with individual accountability (4) experienced, long-tenured investment professionals and (5) a commitment to low operating expenses, among the lowest in the fund industry. CWGI uses a Multiple Portfolio Counselor System. The assets of each fund are divided into smaller, more manageable portions. Each portion is managed by a portfolio counselor who operates autonomously, investing his or her portion as though it were an entire fund (subject to fund objectives and overall guidelines). Research analysts typically manage a segment as well, bringing their expertise directly to bear on the fund's results. Portfolio counselors are free to make their own decisions. As a fund's assets grow, new counselors can be added. Investment decisions are based on internal research. Equity research is comprehensive and bottom-up while at the same time constantly monitoring broader economic, political, currency and interest rate trends. Investment research is proprietary and used solely by CWGI portfolio managers.

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

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Contrarius Investment Management Ltd. is an active, contrarian manager which aims to create long-term wealth for clients by buying stocks they believe are trading below their intrinsic value and which are attractive relative to other opportunities. They follow a valuation-based investment approach, performing proprietary bottom-up research which seeks to determine the intrinsic value of an investment. The firm sells stocks when they believe they have reached their underlying intrinsic value or when they are less attractive than other opportunities, aiming to avoid the permanent loss which can result from continuing to hold a stock that ultimately corrects to fair value. Contrarius takes a long-term approach to investing, with a typical investment horizon of four years, believing that the ability to outperform in the long-term is largely determined by focusing on the long-term value of a business rather than short-term news flow.

Recent Transactions
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Umicore purchases Freeport-McMoRan, Inc.. /Kokkola Cobalt Refinery Bus from Freeport-McMoRan, Inc.

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

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

Insider Transactions
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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.

Legal Advisor

Advised onUmicore purchases Freeport-McMoRan, Inc.. /Kokkola Cobalt Refinery Bus from Freeport-McMoRan, Inc.

Advisors & Consultants
Advisor

Partner at KPMG LLP

Advisor

Founder at Helena Capital LLC

Legal Advisor

Presiding Partner at Debevoise & Plimpton LLP

Clients

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.

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.

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
$14.1B
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
Political Donations
$2,500
2014
$2,500
2014
$440
2013
Investments
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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.

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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.

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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 Longyearâ„¢ 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.

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.

Xcel Energy, Inc. Power & Utilities | Minneapolis, MN

Our products and services differ based on state. Please select your state (or the state you're interested in) from the list to the left. Why do our products and services differ based on state? Because our business is regulated by state. We have regulated operations in eight Western and Midwestern states. The different regulatory body for each state we serve determines what products and services we deliver in that state

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

Glencore Plc engages in the production and marketing of metal, mineral, and energy and agricultural commodities. It operates through following segments: Metals and Minerals, Energy Products, Agriculture Products, and Corporate and Other. The Metals and Minerals segment offers 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. The Corporate and Other segment represents unallocated group related expenses. Glencore was founded in 1974 and is headquartered in Baar, Switzerland.

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

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.

Anglo American Plc Non-Energy Mining & Minerals - LONDON, GL

Anglo American Plc is a mining company, which engages in the exploration and mining of precious base metals and ferrous metals. The company operates through the following segments: Iron Ore, Manganese, and Corporate and Other. Its portfolio of mining businesses includes span bulk commodities, including iron ore and manganese, metallurgical coal and thermal coal, base metals and minerals, copper, nickel, niobium and phosphates, and precious metals and minerals. The company was founded by Ernest Oppenheimer in 1917 and is headquartered in London, the United Kingdom.

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
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