North America

MetalsOil & Gas
Morenci Bagdad Sierrita Miami Safford Chino Tyrone Henderson Climax California Gulf of Mexico Deep Madden

FCX leads the North America metals industry in the production of copper and molybdenum. In North America, FCX currently operates seven open-pit copper mines — Morenci, Bagdad, Sierrita, Safford and Miami in Arizona, and Chino and Tyrone in New Mexico, and two molybdenum mines — Henderson and Climax in Colorado. Certain of FCX’s North America copper mines also produce molybdenum concentrates and silver.

FCX has a portfolio of oil and gas assets that includes oil production facilities and growth potential in the Deepwater Gulf of Mexico (GOM), established oil production facilities onshore and offshore California, natural gas production from the Madden area in central Wyoming and a position in the Inboard Lower Tertiary/Cretaceous natural gas trend located onshore in South Louisiana.

In September 2016, FCX entered into a purchase and sale agreement with Anadarko Petroleum Corporation (NYSE: APC) for the sale of its Deepwater GOM properties for total cash consideration of $2.0 billion and up to $150 million in contingent payments. Additionally, in fourth-quarter 2016, FCX entered into a purchase and sale agreement to sell its onshore California oil and gas properties to Sentinel Peak Resources California LLC for total consideration of $742 million, including contingent consideration. This transaction is expected to close in fourth-quarter 2016, subject to customary closing conditions.