Freeport-McMoRan

Freeport-McMoRan

Global copper and gold miner

Overview

Freeport-McMoRan is a global metals company that operates large mining businesses to produce copper, gold, and molybdenum from long-lived, geographically diverse assets. It runs comprehensive mining operations—from ore extraction and milling to smelting and refining—to deliver refined copper and byproducts for global markets. The company’s assets include major deposits like Grasberg in Indonesia and Morenci in Arizona, giving it one of the world’s largest copper production footprints and significant reserves. It differentiates itself through scale, a diversified asset base, and a strong emphasis on safety, environmental management, and community relations, guided by membership in the ICMM and the Sustainable Development Framework. Its goal is to responsibly develop and supply metals by maintaining safe operations, minimizing environmental impact, and supporting the communities where it operates.

About Freeport-McMoRan

Simplify's Rating
Why Freeport-McMoRan is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Phoenix, Arizona

Founded

1834

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Simplify's Take

What believers are saying

  • Copper hit records in September 2026, sharply lifting Freeport’s realized prices.
  • Second-quarter 2026 profit reached $984 million; operating cash flow hit $2.0 billion.
  • February 2026 Indonesia MOU advances a life-of-resource extension and unlocks $20 billion investment.

What critics are saying

  • September 2025 Grasberg mudflow killed seven workers; 2026 copper sales are cut 35%.
  • Indonesia’s permit extension still needs approvals; any delay threatens Grasberg beyond 2041.
  • Grasberg drives most future output; another disaster or ruling could cripple Freeport’s earnings.

What makes Freeport-McMoRan unique

  • Grasberg supplies world-scale copper and gold volumes with unmatched orebody economics.
  • Freeport pairs U.S. mines, Cerro Verde, and Indonesia for diversified copper exposure.
  • Its integrated Indonesian smelter and brownfield expansions lift volumes while lowering unit costs.

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Funding

Total Funding

$3B

Above

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Stock Price

Company News

C&A Mining
Sep 15th, 2026
Top 10 Women in Mining in 2026.

Top 10 Women in Mining in 2026. Mining has long been considered a male-dominated industry, but 2026 tells a different story. Across gold, copper, iron ore, diamonds and the technology that keeps mines running, women are leading some of the world's biggest operations, steering multi-billion-dollar projects, and shaping the industry's future in critical minerals and decarbonisation. From boardrooms in Johannesburg and Gaborone to head offices in Denver and Stockholm, these leaders are redefining what mining leadership looks like. At CA Mining today, we pride ourselves in making more and more female hires to meet our mining client's needs. We will now list ten women in mining who are making an outsized impact on the mining sector in 2026. 1. Natascha Viljoen, President & CEO, Newmont Corporation. South African metallurgical engineer Natascha Viljoen took the helm of Newmont Corporation on 1 January 2026, becoming the first woman to lead the world's largest gold producer in its 104-year history. She joined Newmont in 2023 as President and Chief Operating Officer after serving as the first female CEO of Anglo American Platinum (now Valterra Platinum), where she navigated volatile markets and safety challenges across deep-level operations. A second-generation miner with 30 years of international experience, Viljoen is now integrating Newmont's Newcrest assets while championing safety and modernisation across the group. 2. Mpumi Zikalala, CEO, Kumba Iron Ore. Mpumi Zikalala has led Kumba Iron Ore, Anglo American's South African subsidiary and the fifth-largest iron ore producer in the world, since January 2022. She began her mining career as a process engineer at De Beers in 2001, later rising to Deputy CEO of De Beers Consolidated Mines and Managing Director of De Beers Group Managed Operations. Under her leadership, Kumba has posted double-digit earnings growth while advancing its R11.2 billion ultra-high dense media separation plant at Sishen, extending the mine's life to 2041. 3. Marna Cloete, President & CEO, Ivanhoe Mines. Marna Cloete leads Ivanhoe Mines, the Canadian company behind some of Southern Africa's most significant recent mining developments. Under her leadership, Ivanhoe brought the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo into production, now one of the world's highest-grade and fastest-growing copper mines, and guided the rehabilitation of the ultra-high-grade Kipushi zinc mine. She also continues to oversee the Platreef platinum-palladium-nickel project in South Africa. Beyond production milestones, Cloete spearheaded the Kamoa Centre of Excellence, a higher-education facility developed with the DRC government to build local technical skills for the next generation. 4. Kathleen Quirk, President & CEO, Freeport-McMoRan. Kathleen Quirk has spent more than three decades at Freeport-McMoRan, joining in 1989 and rising through Treasury, Investor Relations and Corporate Development before becoming Chief Financial Officer in 2003, President in 2021, and CEO in 2024. She now runs the world's largest publicly traded copper producer, including its landmark Grasberg Block Cave operation in Indonesia. Quirk was repeatedly named Best CFO in Metals and Mining during her finance tenure, and in 2025 she was inducted into the American Mining Hall of Fame for shaping Freeport's strategy through decades of industry cycles. 5. Helena Hedblom, President & CEO, Epiroc. Helena Hedblom took charge of Swedish equipment manufacturer Epiroc in 2020, just weeks before the pandemic upended global industry. Since then, she has pushed the company to the front of mining's shift toward automation and electrification, driving development of battery-electric vehicles and autonomous drilling rigs that are changing how mines operate underground. Hedblom is a leading voice behind the "zero-emission mine" concept, pressing operators worldwide to rethink their strategies around carbon-neutral targets. With 25 years across Atlas Copco and Epiroc, she has turned a heavy industrial business into one of the mining sector's clearest technology leaders. 6. Djaria Traore, EVP Operations & ESG, Endeavour Mining. Djaria Traore joined Endeavour Mining in 2019 as VP of Supply Chain and was promoted to Executive Vice President of Operations and ESG in 2024, drawing on more than two decades of mining experience across Guinea, Russia and West Africa. She led the team that delivered the Lafigué gold mine in Côte d'Ivoire on budget and ahead of schedule, the fifth mine Endeavour has built in the region in a decade. Traore has been recognised as one of the 100 Global Inspirational Women in Mining for her contribution to operational excellence and sustainability across Endeavour's West African portfolio. 7. Wilhemina Ngcobo, Acting Managing Director, Richards Bay Minerals. Wilhemina Ngcobo stepped up from Chief Operating Officer to Acting Managing Director of Richards Bay Minerals (RBM) in August 2026, taking the helm of Rio Tinto's mineral sands business in KwaZulu-Natal, South Africa. RBM is one of the world's largest producers of titanium feedstock, zircon and high-purity pig iron. Her appointment comes at a pivotal moment, as RBM executes a R8.5 billion expansion of its Zulti South project, extending the operation's life to 2050 after years of delay. Ngcobo's promotion reflects a broader push at RBM to rebuild operational stability and stakeholder trust. 8. Alison Atkinson, Chief Projects & Development Officer, Anglo American. Alison Atkinson joined Anglo American in 2023 after leading AWE plc, the UK body responsible for the country's nuclear defence programme, as CEO. As Chief Projects & Development Officer, she now leads Anglo American's global pipeline of major mining developments alongside its carbon and innovation strategy, including the FutureSmart Mining(TM) programme and renewable energy partnerships with Envusa Energy and EDF. A Fellow of the Royal Academy of Engineering, Atkinson has been named to the future executive leadership team of Anglo Teck, the company being formed through Anglo American's merger with Canada's Teck Resources. 9. Nolitha Fakude, chair, Anglo American South Africa. Nolitha Fakude chairs Anglo American's South African management board and is the immediate past President of the Minerals Council of South Africa, one of the industry's most influential advocacy positions. Over three decades across mining, oil and gas, retail and financial services, she has championed transformation and gender equity in South African mining, including leading industry conversations on gender-based violence in mining communities. In recognition of her contribution to the sector, Fakude received the Southern African Institute of Mining and Metallurgy's Brigadier Stokes Memorial Award, one of the highest honours in South African mining and metallurgy. 10. Serty Leburu, Managing Director, DTC Botswana. Serty Leburu was appointed Managing Director of the Diamond Trading Company Botswana in February 2026, becoming the first woman to lead the De Beers and Botswana government joint venture that sorts, values and sells diamonds from Debswana's mines. It is the latest in a career of firsts: Leburu was also the first female Finance Manager at Debswana Diamond Mines, the first female Deputy CEO at Standard Chartered Bank Botswana, and the first female Executive Director at Botswana Accountancy College, building a three-decade track record across finance, governance and strategy before taking on diamond trading's top job. These ten female leaders span gold, copper, iron ore, diamonds and the equipment that keeps mines running, operating from Denver to Gaborone. What they share is a track record of delivering major projects, building safer and more sustainable operations, and opening doors for the women coming up behind them. As mining companies compete harder than ever for skilled talent, lists like this are a reminder that the strongest candidate for the top job is increasingly a woman. Looking to hire more female leaders in your site? Contact us today. Head office. Ground Floor, Burg House, Belmont Park, Belmont Road, Rondebosch, Cape Town, South Africa, 7700 Quick links. Contact us. CA Mining.

WEEX
Sep 9th, 2026
Economy: copper hits new record!

Economy: copper hits new record! By: journalducoin.com | 2026/09/09 05:42:32 Trade global markets with WEEX: Crypto · Stocks · Gold · ETFs Start with 0.1 USDT Strike while the iron is hot, copper version. This is somewhat what traders have been doing for the past few weeks. Copper set a new record on Tuesday, September 9, at $14,674 per ton on the London Metal Exchange. The session shows an increase of 1.1%. The previous day's record is already falling. For the year, the industrial metal is up 18%. This surge is due to an escalating physical shortage and fears of new U.S. tariffs on imports. An industrial cousin of gold and bitcoin in the race for rare assets, except this one is weighed in tons and stored in warehouses rather than in a wallet. Key points of this article: * Copper has reached a new historical record on the London Metal Exchange, driven by a growing physical shortage and fears of U.S. tariffs. * Copper stocks in the United States have reached record levels, while reserves in other regions have drastically decreased, exacerbating global tension. Two markets for one metal. At the end of August, Comex stocks in New York peaked at 675,185 tons after 46 consecutive sessions of increases. LME reserves in London have fallen by nearly 40% since the end of May, while stocks on the Shanghai Exchange have melted by 85% since their mid-March peak. As a result, American importers brought in 885,000 tons of refined copper cathodes in the first half of the year, double their imports during the same period in 2024. In July alone, 225,094 tons of copper landed on American soil: an absolute monthly record. Physical copper continues to flow into the United States, exacerbating tension in markets outside the U.S., summarizes an analyst from Everbright Futures quoted by Business Recorder. Moreover, the market anticipates an expansion of U.S. tariffs on refined copper as early as next year, and importers are not waiting for the decision to act. The futures curve has shifted into backwardation (immediate delivery copper costs more than copper delivered in six months), a sign that immediate availability is worth its weight in gold. Additionally, global mining production is no longer keeping pace: analysts expect the first annual decline in extraction since 2017. And the gap has just widened suddenly. Indeed, Grasberg, in Indonesia, is the second-largest copper mine in the world. It was hit on September 8 by a mudslide that trapped workers underground, forcing operator Freeport-McMoRan to declare force majeure. Goldman Sachs estimates the total production loss at 525,000 tons, according to data relayed by Yahoo Finance, enough to shift its global balance for 2025 from a surplus of 105,000 tons to a deficit of 55,500 tons. The appetite of artificial intelligence already exceeds forecasts for copper. Just over a year ago, Goldman Sachs aimed for $10,750 per ton by 2027. The market has already doubled down, with eighteen months ahead of its own timeline. Why such a gap? Because structural demand is no longer coming solely from electrical cables and construction. Data centers for artificial intelligence and the great wave of electrification, from transportation to networks, are driving demand upwards at the very moment when mining supply is stalling. Even State Grid, the Chinese public electricity operator, is placing orders that local brokers consider solid. However, this surge remains primarily a phenomenon of stocks and tariff anticipation, not yet definitive proof of a structural shift in demand. But copper is already ticking almost all the boxes of a prolonged shortage. Sign price. 65.51% Past 30 days Sign is currently trading at 0.01122 USD. Over the past 30 days, Sign has risen 65.51%. Learn more about Sign. This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations. You may also like. Contents. 09/09/2026

The Gila Herald
Sep 5th, 2026
EAC SBDC's Torey Cranford highlights Graham, Greenlee entrepreneurship on a national stage.

EAC SBDC's Torey Cranford highlights Graham, Greenlee entrepreneurship on a national stage. By Kris McBride/EAC THATCHER - Eastern Arizona College Small Business Development Center Business Analyst Torey Cranford recently represented Arizona and the businesses of Graham and Greenlee counties on a national stage during an America's SBDC Next-Gen Collective meeting, sharing how entrepreneurship, collaboration and business education are helping strengthen rural communities. Cranford, who serves as the Arizona SBDC Network's Next-Gen Ambassador, was one of four SBDC professionals selected to present during the national roundtable. The virtual event brought together SBDC representatives from across the United States to exchange ideas, resources and best practices for supporting entrepreneurs and developing the next generation of SBDC leaders. During her presentation, Cranford highlighted the unique opportunities and challenges of serving businesses in rural Eastern Arizona and discussed the impact of the DreamBuilder program offered through EAC SBDC. "Torey represents the very best of rural economic development," said Keith Alexander, EAC chief government relations officer. "She understands that strong communities are built by helping local entrepreneurs turn good ideas into sustainable businesses. The fact that SBDC professionals from across the country are now looking to Eastern Arizona College for ideas and best practices is a testament to Torey's work and the impact of EAC SBDC." For Cranford, the work is personal. Before joining EAC SBDC, she was an SBDC client for more than 10 years and later became a community partner and mentor to other entrepreneurs. During the COVID-19 pandemic, she helped co-found Gila Valley Made, a shared retail space that supported more than 90 small businesses that had traditionally relied on events and festivals to reach customers. That experience helped shape a philosophy she continues to bring to her work at EAC SBDC: Strong local businesses are not simply individual enterprises; together, they form the foundation of a resilient community. That idea was especially evident as Cranford shared the history and purpose of DreamBuilder. Developed through a partnership between Freeport-McMoRan and Arizona State University's Thunderbird School of Global Management, DreamBuilder was created to provide entrepreneurship education and help foster strong, sustainable economies in communities surrounding mining operations worldwide. That mission has particular resonance in Graham and Greenlee counties, where mining is an important part of the regional economy and Freeport-McMoRan has been a longtime community partner. Cranford understands the program from both sides. She completed DreamBuilder as a small-business owner in 2019 while considering whether to expand her custom bakery from a private studio into a brick-and-mortar location. The planning process helped her examine the financial realities of expansion and determine that her existing business model was already profitable. Today, she helps other entrepreneurs make those same kinds of decisions - not simply how to start or grow a business, but how to build one that is financially sound and positioned to last. "We're seeing businesses sustain," Cranford told participants. "They're not just an idea or a hobby that's gone wild... These businesses are lasting." EAC SBDC uses DreamBuilder as the foundation of a hybrid entrepreneurship program. Participants complete 13 online modules covering topics such as business planning, marketing, finance, and access to capital, then attend 11 weeks of in-person instruction, during which Cranford helps them apply what they are learning directly to their businesses. Collaboration is an important part of EAC SBDC's approach to DreamBuilder. EAC SBDC Center Director Joel Robinson works alongside Cranford to support the program and, as a Spanish speaker, helps ensure that Spanish-speaking entrepreneurs can participate and receive assistance in their preferred language. "Torey understands firsthand the challenges and opportunities that come with owning a small business in a rural community," Robinson said. "She brings that experience, along with a genuine commitment to helping others succeed, to every entrepreneur she works with. We're incredibly proud of the work she is doing." Cranford reported that while the standalone online DreamBuilder program has a 27% completion rate, EAC SBDC's hybrid model has achieved a 77% completion rate. EAC SBDC celebrated 50 DreamBuilder graduates in spring 2026 and is preparing additional cohorts, including industry-specific programs and cohorts serving Graham and Greenlee counties. More than 75 participants had preregistered for the upcoming cohorts at the time of Cranford's presentation. The success of the local model has also helped demonstrate its potential statewide, with funding supporting 30 DreamBuilder cohorts expected to reach more than 300 entrepreneurs across Arizona. But Cranford emphasized that the program's impact is about more than numbers. "My experience as a business owner, a community partner, an SBDC client [and] the DreamBuilder facilitator here at EAC SBDC has taught me that lasting impact begins with relationships," Cranford said. "For me, that's what this work is truly about. It's building relationships, strengthening the businesses and helping my rural community grow and thrive." Her message resonated with SBDC professionals participating in the national call. Throughout Cranford's presentation, the virtual meeting screen filled with applause and heart reactions, while participants praised her leadership and asked questions about the DreamBuilder model and its potential to support entrepreneurs in other communities. Cranford has served with EAC SBDC for four years and specializes in home-based businesses, branding, marketing and community partner development. She was nominated for Arizona SBDC State Star recognition and was accepted into Cohort 35 of Project CENTRL through the Arizona Center for Rural Leadership. Her presentation gave Cranford an opportunity to represent more than EAC SBDC on a national stage. It allowed her to share the story of the entrepreneurs, community partners and organizations working together to strengthen Graham and Greenlee counties. Through programs such as DreamBuilder, Cranford and EAC SBDC are helping local entrepreneurs turn ideas into sustainable businesses - businesses that create opportunity today while helping build a stronger Eastern Arizona economy for generations to come. For those who have dreamed of starting a business but aren't sure where to begin, EAC SBDC is ready to help. Prospective and existing business owners can contact Cranford at [email protected] or (928) 428-8276, or visit EAC SBDC at 576 N. College Ave. in Thatcher to learn more about DreamBuilder and other business resources. About EAC SBDC: The EAC Small Business Development Center is part of a national and statewide network of small business assistance providers. The Center's main goal is to give local small businesses the tools and training needed to be successful. The Center is funded by Eastern Arizona College with assistance from a grant provided by the U.S. Small Business Administration. The SBDC provides no-cost counseling to assist entrepreneurs with finding answers to the numerous questions that arise when starting or operating a business. The SBDC works in cooperation with the SBA, local Chambers of Commerce, and other community partnerships. To take your business to the next level, contact Gila Herald at [email protected] or call (928) 428-8590. About Eastern Arizona College: Since 1888, Eastern Arizona College has been the undisputed Smart Higher Education Destination, shaping student dreams into reality. With a faculty of qualified and caring instructors, EAC is committed to preparing students for high-demand careers and advanced studies at top universities. Offering a diverse range of over 90 degrees and certificates, EAC is home to the state's premier nursing school, a fine arts program featuring Arizona's only community college marching band, and an engineering program that equips students for success at top-tiered firms and universities. Beyond academics, EAC is a vibrant community where students thrive, forging connections that last a lifetime. Experience on-campus housing, engage in over 30 clubs and organizations, participate in dynamic intramurals, and cheer for nationally ranked athletic and e-sports teams. What sets EAC apart is its commitment to financial accessibility, allowing most students to graduate with $0 debt. Choose EAC as your Smart Higher Education Destination. For more information, contact [email protected] or call (928) 428-8272.

Yahoo Finance
Sep 2nd, 2026
Freeport McMoRan leads $109.8B copper play as AI and EV demand pressures global supply

Global manufacturing PMIs in Europe show improving demand, increasing pressure on energy use and the metals that support it. Copper sits at the centre of this story, as AI, power grids and electric vehicles all rely on the metal. Freeport-McMoRan is one of the largest global copper producers, operating major mines including Grasberg in Indonesia, Cerro Verde in Peru, and significant US operations. The company has a market capitalisation of $109.8 billion. Freeport-McMoRan generates most of its revenue from US rod and refining at approximately $7.9 billion, US copper mines at roughly $8.5 billion combined, Indonesian operations at about $6.2 billion, and Cerro Verde in South America at around $5.5 billion. The company also produces gold, molybdenum, silver and other metals. Its integrated Indonesian smelter and brownfield expansions in the US and South America aim to lower unit costs and increase volumes.

Yahoo Finance
Aug 21st, 2026
Freeport-McMoRan up 74% as US mine rebuild drives earnings, not fleeting tariff premium

Freeport-McMoRan stock returned approximately 74% over the year to August 2026, compared to about 20% for the S&P 500. The driver was visible seven months before the rally began: management's January 2025 guidance that US production would rise 8% in 2025, with 2024 marking the floor year for its US business. By April 2025, contractor hours at Morenci, its largest US mine, had fallen roughly 20%. In the first half of 2026, Morenci's mining rate ran 30% above its five-year average. US mining operations delivered 2.4 times more operating income in the first half of 2026 versus the prior-year period, making them the portfolio's highest earnings contributor. Meanwhile, the widely watched US copper tariff premium, which peaked at about 28% above LME pricing in July 2025, faded to roughly 2% by July 2026.

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