Freeport-McMoRan, Inc.

Freeport-McMoRan, Inc.

Freeport-McMoRan, Inc.

Overview
Date Founded

1987

Headquarters

333 North Central Avenue, Phoenix, AZ, 85004, United States

Type of Company

Public

Employees (Worldwide)

27.5K

Industries

Non-Energy Mining & Minerals
Metal Manufacturing & Products

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

Chief Financial Officer & Senior Vice President

Executive Vice President & Chief Financial Officer

Deputy General Counsel

President & Chief Operating Officer-Americas

Senior Vice President & Chief Administrative Officer

Executive Vice President, Oil & Gas Business

Executive Vice President, Oil & Gas Business

General Manager

General Manager

Board of Directors

Co-Managing Partner 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 Chairman & Chief Executive Officer at Brunswick Corporation

Former Principal at Airport Property Ventures LLC

Chief Financial Officer at AT&T, Inc.

Chairman at PT Freeport Indonesia Company

Paths to Freeport-McMoRan, Inc.
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Freeport-McMoRan, Inc.
Owners & Shareholders
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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.

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PIM’s analysis of the financial markets is generally based on fundamental analysis and research, but also includes quantitative elements. Their research is focused on developing both a top-down view of broader market performance and a bottom-up outlook for individual securities. PIM’s computer-based models are designed to analyze a variety of financial data from various sources and generate investment selections. They rely on research generated in-house which is tailored to the precise needs of our investment professionals. External research is also used - for example, to evaluate consensus views and to augment the research process. In managing assets, PIM has the flexibility to invest in securities and other financial instruments of almost any type (including both cash securities, such as stocks and bonds, and derivative instruments, such as swaps, futures, forwards, and options).

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TGA’s investment philosophy and approach are based on three tenets: value, patience and bottom-up selection. By combining time-proven fundamental analysis with original research, the investment team searches for companies that meet their criteria of quality and valuation. When choosing equity investments for the strategies, the investment manager applies a bottom-up, value-oriented, long-term approach, focusing on the market price of a company’s securities relative to the firm’s evaluation of the company’s long-term earnings, asset value and cash flow potential. The managers then construct individual portfolios within established parameters for the mandate as well as diversification based in the research results. Portfolio managers continually review portfolios to assess sector and industry risk exposure in response to changing market conditions.

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.

Head, Executive Compensation Group

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

Advisors & Consultants
Legal Advisor

Senior Counsel at Davis Polk & Wardwell LLP

Advisor

Chairman at PT Freeport Indonesia Company

Advisor

Founder at Dikembe Mutombo Foundation

Clients

Poongsan Corp. engages in the manufacture and sales of copper and copper alloy products. It operates through the Copper Alloy Business and Defence Business divisions. The Copper Alloy Business manufactures flat panels, rods, tubes, pipes and wires using copper, zinc, nickel, tin, aluminium and other non-ferrous materials. The Defence Business produces ammunitions for military and sports use. The company was founded on July 4, 2008 and is headquartered in Pyeongtaek, South Korea.

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 in 1959 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 2019
Market Capitalization
$44.3B
Total Enterprise Value
$35.1B
Earnings Per Share
$-0.17
Revenue
$14.4B
Total Equity
$17.4B
Net Profit
$-245M
EBITDA
$2.08B
EBITDAMargin
14.5%
Total Debt
$10.1B
Enterprise Value / Sales
2.45x
Enterprise Value EBITDAOperating
16.77x
TEVNet Income
-143.43x
Debt TEV
0.29x
Three Year Compounded Annual Growth Rate Of Revenue
-0.56%
Five Year Compounded Annual Growth Rate Of Revenue
-7.53%
Non-Profit Donations & Grants
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 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.

A.C.N. 004 410 833 Ltd. Wholesale: Industrial Products & Manufacturing | St. Leonards, Australia

A.C.N. 004 410 833 Ltd. manufactures and distributes steel products. It distributes a diverse range of manufactured and 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. The company was founded on July 22, 1958 and is headquartered in St. Leonards, 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
Nornickel Non-Energy Mining & Minerals - Moscow, MC

MMC Norilsk Nickel PJSC engages in the exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious metals produced from ore. It operates through the following segments: GMK Group; South Cluster; KGMK Group; NN Harjavalta; GRK Bystrinskoye; Other Mining; and Other Non-Metallurgical. The GMK Group segment includes main mining, processing and metallurgy operations as well as transport services, energy, repair and maintenance services located in Taimyr Peninsula. The South Cluster segment includes certain ore mining and processing operations located in Taimyr Peninsula. The KGMK Group segment includes mining and metallurgy operations, energy, exploration activities located in Kola Peninsula. The NN Harjavalta segment includes refinery operations located in Finland. The GRK Bystrinskoye segment includes ore mining and processing operations located in the Zabaikalsky region of the Russian Federation. The Other Mining segment engages in in metal mining and processing joint operations of nkomati nickel mine. The Other Non-Metallurgical segment deals with metal and other trading, supply chain management, transport services, energy and utility, research, and other activities located in Russia and abroad. The company was founded on November 4, 1989 and is headquartered in Moscow, Russia.

Grupo México S.A.B. de C.V. Non-Energy Mining & Minerals - Mexico City, Mexico

Grupo México S.A.B. de C.V. engages in the provision of copper business. Its activities include mining, exploration, exploitation, multimodal freight railroad service and infrastructure development. It operates through the following divisions: Mining, Transportation, Infrastructure, and Corporate. The Mining division includes copper extraction, copper smelting and refining operations, copper production, with byproducts of molybdenum, silver and other materials, mainly in Peru and the USA. The Transportation division provides rail transportation operations carried out through its subsidiaries. The Infrastructure division carries out activities such as provision of oil drilling services, construction services and construction of power generation plants. The Corporate division represents the balances and corporate transactions that originate from activities carried out in the US, Peru, and Mexico. The company was founded in 1942 and is headquartered in Mexico City.

BHP Group Ltd. Non-Energy Mining & Minerals - Melbourne, Australia

BHP Group Ltd. engages in the exploration, development, production and processing of iron ore, metallurgical coal and copper. It operates through the following segments: Petroleum, Copper, Iron Ore and Coal. The Petroleum segment explores, develops and produces oil and gas. The Copper segment refers to the mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment refers to mining of iron ore. The Coal segment focuses on metallurgical coal and energy coal. The company was founded on August 13, 1885 and is headquartered in Melbourne, Australia.

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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