FCX is one of the world's largest copper, gold and molybdenum
mining companies in terms of reserves and production. FCX has a dynamic
portfolio of operating, expansion and growth projects recently completed or
under way to expand production capacity, extend mine lives and develop
large-scale underground ore bodies. Recently completed and current major
projects include:
- The expansion of the Cerro
Verde mill, which reached capacity in mid-2007;
-
A
major new
mining complex at Safford, Arizona, which began production
in December 2007;
-
The restart of a mill and the completion of a concentrate-leach, direct-electrowinning
facility at Morenci;
-
The planned restart of
the Climax molybdenum mine in Colorado, which is expected to begin
production in 2010;
-
The planned restart of
the Miami mine in Arizona for an approximate five-year period;
-
The development
of the Tenke Fungurume mine in the Democratic Republic of Congo, which is expected
to commence operations in 2009;
-
The development of a large sulfide leach deposit at El Abra that will extend
the mine life by over ten years with production from the sulfides expected
to begin in 2010;
-
The expansion of the DOZ
underground mine in Indonesia to 80,000 metric tons per day, with completion
targeted by 2010;
-
Other developments of
large-scale, high-grade underground ore bodies in the Grasberg minerals
district in Indonesia; and
-
Incremental
expansions at the Morenci, Sierrita and Bagdad mines in Arizona, and the
Cerro Verde mine in Peru.
For more information:
FCX has significant, high-potential exploration rights in regions around the world, including prospective acreage in Papua, Indonesia, opportunities
outside the area of initial development at Tenke
Fungurume, as well as a portfolio of exciting exploration targets in
North America and South America. FCX will continue its longstanding focus on adding value through exploration.
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