freeport

Freeport-McMoRan Copper & Gold’s estimated consolidated reserves include 102.0 billion pounds of copper, 40.0 million ounces of gold, 2.48 billion pounds of molybdenum, 266.6 million ounces of silver and 0.7 billion pounds of cobalt.

The company's portfolio of assets include the Grasberg mining complex, the world's largest recoverable copper reserve and the largest gold reserve, significant mining operations in the Americas, including the large scale Morenci/Safford minerals district in North America and the Cerro Verde and El Abra operations in South America, and the potential world-class Tenke Fungurume development project in the Democratic Republic of Congo.

We expect to produce more than 4 billion pounds of copper per year for the next several years.  For a look at global copper reserves and current copper production from our existing mines by region, click here.

FCX is engaged in exploration and development, mining and milling of ore containing copper, gold and silver in the Grasberg minerals district in Indonesia. The Grasberg minerals district contains the largest single recoverable copper reserve and the largest single gold reserve in the world and is at the heart of a highly prospective minerals district, where ongoing exploration is providing opportunities to continue to add to our long-lived reserves.

PT Freeport Indonesia operates under a Contract of Work (COW) with the Government of Indonesia, which allows us to conduct exploration, mining and production activities in the 27,400-acre Block A area, which is where all of PT Freeport Indonesia's proven and probable mineral reserves and current mining operations are located. Under the COW, PT Freeport Indonesia also conducts exploration activities in the approximate 413,000-acre Block B area.

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