Morenci Mine Employee Transportation Survey

Total Page:16

File Type:pdf, Size:1020Kb

Morenci Mine Employee Transportation Survey TABLE OF CONTENTS Page 1. INTRODUCTION AND SUMMARY OF FINDINGS......................................... 1 PURPOSE AND VISION ............................................................................. 1 BACKGROUND ........................................................................................ 1 STUDY PROCESS ..................................................................................... 1 SUMMARY OF FINDINGS.......................................................................... 6 RECOMMENDATIONS .............................................................................. 8 2. REVIEW OF PREVIOUS STUDIES AND PLANS AND CURRENT PROGRAMS ...........................................................................10 PREVIOUS STUDIES AND PLANS ..............................................................10 COUNTY TRANSPORTATION NEEDS, PROGRAMS, AND FUNDING .............. 21 STATEWIDE AND AREA PROGRAMMED IMPROVEMENTS ...........................25 3. SUMMARY OF EXISTING AND FUTURE CONDITIONS ...............................27 SOCIOECONOMIC AND PHYSICAL CONDITIONS.........................................27 CURRENT TRANSPORTATION CONDITIONS...............................................37 TRANSPORTATION ISSUES ......................................................................53 FUTURE SOCIOECONOMIC AND TRANSPORTATION CONDITIONS ...............57 4. MULTIMODAL TRANSPORTATION PLAN ................................................61 EVALUATION OF DEFICIENCIES AND NEEDS ............................................61 CANDIDATE TRANSPORTATION PROJECT CRITERIA ..................................63 ROADWAY PROJECTS .............................................................................63 IMPROVEMENTS AND ADDITIONS TO TRAIL SYSTEM ................................72 5. TRANSIT ELEMENT ...............................................................................78 MULTIMODAL INVENTORY.....................................................................78 TYPES OF TRANSIT VEHICLES AND SERVICES ..........................................81 ESTIMATING TRANSIT DEMAND..............................................................84 TRANSPORTATION DEMAND MANAGEMENT ............................................87 EXCURSION RAIL ...................................................................................90 6. BEST PRACTICES IN RURAL TRANSPORTATION......................................95 ANALYSIS OF LOW VOLUME DIRT ROADS ................................................95 PERFORMANCE MEASURES FOR RURAL TRANSPORTATION SYSTEMS.........96 ANALYSIS OF HIGHWAY-RAIL GRADE CROSSINGS ....................................98 ACTIVITY BASED BUDGETING.................................................................98 NEW PARADIGMS FOR RURAL AND SMALL URBAN TRANSIT SERVICE DELIVERY.............................................................................. 100 RURAL TRANSIT ITS ............................................................................. 101 ii TABLE OF CONTENTS (Continued) Page 7. CAPITAL IMPROVEMENT PROGRAM AND IMPLEMENTATION PLAN..................................................................... 104 IMPLEMENTATION PLAN ...................................................................... 104 8. REVENUE SOURCES............................................................................. 111 FEDERAL FUNDS ................................................................................. 111 ARIZONA STATE SHARED REVENUE ...................................................... 117 OTHER FUNDING SOURCES ................................................................... 121 REVENUE ESTIMATES .......................................................................... 125 9. COUNTY ROAD STANDARDS AND ACCESS MANAGEMENT ..................... 127 ROADWAY CRITERIA............................................................................ 127 EXAMPLE ROADWAY CROSS-SECTIONS.................................................. 129 DEFINITION OF ACCESS MANAGEMENT ................................................. 129 LEGAL ISSUES OF ACCESS CONTROL ..................................................... 133 BENEFITS OF ACCESS MANAGEMENT .................................................... 133 ACCESS MANAGEMENT STRATEGIES AND TECHNIQUES.......................... 134 RECOMMENDED ACCESS MANAGEMENT GUIDELINES ............................ 136 10. GOALS AND POLICIES FOR CIRCULATION ELEMENT............................ 141 APPENDIX A - ESTIMATING TRANSIT DEMAND.......................................... 143 APPENDIX B - FREEPORT-MCMORAN EMPLOYEE SURVEY......................... 147 APPENDIX C - SAMPLE RIDESHARE APPLLICATION................................... 149 APPENDIX D - SAMPLE ON-BOARD SURVEY............................................... 151 REFERENCES........................................................................................... 154 iii LIST OF TABLES Page 1. PARTICIPANTS IN THE FIRST ROUND OF PUBLIC INVOLVEMENT ............ 4 2. PARTICIPANTS IN THE SECOND ROUND OF PUBLIC INVOLEMENT .......... 5 3. SUMMARY OF PREVIOUS STUDIES, PLANS, AND PROGRAMS .................10 4. HISTORY OF AIRPORT OPERATIONS ....................................................13 5. FORECASTED AIRPORT OPERATIONS...................................................14 6. SUMMARY OF POTENTIAL IMPACTS OF HAZARDS................................16 7. SUMMARY OF GREENLEE COUNTY MITIGATION ACTIONS/ PROJECTS - SOUTHERN GREENLEE COUNTY STUDY AREA ....................17 8. CORRIDOR VISION - SOUTHERN GREENLEE COUNTY STUDY AREA ........19 9. PRIORITY RECOMMENDATIONS OF ARIZONA TRAILS 2005 PLAN............20 10. GREENLEE COUNTY ROADS OIL PROJECT SEVEN-YEAR PLAN ...............22 11. FEDERAL AVIATION ADMINISTRATION/ARIZONA DEPARTMENT OF TRANSPORTATION FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM, FY 2006-2010 PROJECT REQUEST FORM ...............................24 12. TOWN OF DUNCAN ROAD IMPROVEMENTS..........................................25 13. 2007-2011 FIVE-YEAR TRANSPORTATION FACILITIES CONSTRUCTION PROGRAM – GREENLEE COUNTY ................................26 14. SEAGO-ADMINISTERED TRANSPORTATION ENHANCEMENT PROJECT APPLICATIONS IN STUDY AREA ............................................26 15. GREENLEE COUNTY SPECIES STATUS..................................................28 16. STATUS OF LAND OWNERSHIP IN SOUTHERN GREENLEE COUNTY STUDY AREA .......................................................................30 iv LIST OF TABLES (Continued) Page 17. MAJOR EMPLOYERS...........................................................................32 18. POPULATION.....................................................................................33 19. MINORITY AND AGE 65 AND OVER DEMOGRAPHICS .............................35 20. DEMOGRPAHIC DATA FOR MOBILITY-LIMITED, POVERTY- LIMITED, AND HOUSEHOLDS WITH NO AUTOMOBILES .........................36 21. SUMMARY OF CHARACTERISTICS OF REGIONALLY SIGNIFICANT ROADS..........................................................................38 22. SOUTHERN GREENLEE COUNTY BRIDGE SUFFICIENCY RATINGS – COUNTY AND LOCAL STRUCTURES ....................................................43 23. BRIDGE SUFFICIENCY RATING METRICS..............................................45 24. DAILY TRAFFIC VOLUMES – COUNTY AND LOCAL ROADS SOUTHERN GREEENLEE COUNTY STUDY AREA ...................................45 25. AVERAGE DAILY TRAFFIC BY VEHICLE TYPE SOUTHERN GREENLEE COUNTY STUDY AREA .....................................45 26. AVERAGE ANNUAL DAILY TRAFFIC VOLUMES ARIZONA STATE HIGHWAYS IN SOUTHERN GREENLEE COUNTY ...........47 27. SUMMARY OF TRAFFIC CRASHES IN STUDY AREA ...............................49 28. POPULATION ESTIMATES - GREENLEE COUNTY ...................................57 29. ESTIMATED FUTURE DAILY TRAFFIC VOLUMES COUNTY AND LOCAL ROADS IN STUDY AREA .....................................58 30. ESTIMATED FUTURE DAILY TRAFFIC VOLUMES ARIZONA STATE HIGHWAYS IN STUDY AREA.......................................58 31. ANALYSIS OF ROADWAY DEFICINCIES 2005-2010 SOUTHERN GREENLEE COUNTY .........................................................60 32. CANDIDATE ROADWAY IMPROVEMENTS SOUTHERN GREENLEE COUNTY ........................................................71 v LIST OF TABLES (Continued) Page 33. SUGGESTED ADDITIONAL TRAILS FOR SOUTHERN GREENLEE COUNTY ..........................................................................74 34. DRIVE TIMES AND DISTANCES BETWEEN GREENLEE COUNTY COMMUNITIES AND COMMERCIAL AIRPORTS ......................................80 35. GREENLEE COUNTY AIRPORT STATISTICS ...........................................80 36. SUMMARY OF TRANSIT MARKETING DATA GATHERING TECHNIQUES.....................................................................................90 37. SAMPLE LOW VOLUME UNPAVED ROADS EVALUATION MATRIX ..........97 38. SOUTHERN GREENLEE COUNTY - SHORT-TERM PROJECTS .................. 105 39. SOUTHERN GREENLEE COUNTY - MID-TERM PROJECTS ...................... 107 40. SOUTHERN GREENLEE COUNTY - LONG-TERM PROJECTS ................... 108 41. MATRIX OF KEY FUNDING SOURCES ................................................. 112 42. ESTIMATED FEDERAL AID HIGHWAY APPORTIONMENTS AND ALLOCATION FOR ARIZONA ............................................................ 113 43. FY 2005 ADOT REVENUE SOURCES – STATE ....................................... 117 44. ARIZONA HIGHWAY USER REVENUE FUND DISTRIBUTIONS TO GREENLEE COUNTY AND TOWNS OF CLIFTON AND DUNCAN, FY 2002 – 2006.................................................................................
Recommended publications
  • Scope Key Findings Methodology
    CORPORATE INTEGRITY The Freeport-McMoRan Inc. (Freeport-McMoRan) 2018 Working Toward Sustainable Development (WTSD) report, including information referenced by the Global Reporting Initiative (GRI) Sustainability Reporting Standards published on the Freeport-McMoRan web site, has been prepared by the management of Freeport-McMoRan who are responsible for the collection and presentation of this information. SCOPE Corporate Integrity Ltd., in accordance with Freeport-McMoRan management’s instructions, was asked to perform: 1. A review of policies and systems in place in relation to the International Council on Mining & Metals (ICMM) Sustainable Development (SD) Framework – using as a basis the ICMM Sustainable Development Framework: Assurance Procedure and the core option of the GRI Sustainability Reporting Standards. 2. A review of statements made in the 2018 WTSD report and information referenced by the GRI Content Index. Our assurance work covered Subject Matters 1 to 5 referred to in the ICMM SD Framework: Assurance Procedure. Our assurance work scope covered all the Freeport-McMoRan mining and metals processing operations defined by the reporting boundaries of the 2018 WTSD report. The work involved selective reviews of documents, interviews and site visits to: • Cerro Verde Mine, Peru; • El Abra Mine, Chile; • Atlantic Copper Refinery, Spain; • PT Freeport Indonesia (PTFI)- Grasberg Mine, Indonesia; • Morenci Mine, USA • Safford Mine, USA • Sierrita Mine, USA; and • Head Office, Phoenix, USA. The review also involved a desktop review and telephone interview with management of: • Stowmarket Chemical Conversion Plant, UK; • Rotterdam Chemical Conversion Plant, Netherlands; • Bayway Copper Product Manufacturing Plant, USA; • Norwich Copper Rod Plant, USA Freeport-McMoRan’s site visit programme is part of an ongoing process to conduct this assurance scope of work at all major Freeport-McMoRan mining and processing sites at least one time every three years.
    [Show full text]
  • Freeport-Mcmoran Copper & Gold Inc. Announces Revised Operating
    Financial Contacts: Media Contact: One North Central Avenue Phoenix, AZ 85004 Kathleen L. Quirk David P. Joint William L. Collier (602) 366-8016 (504) 582-4203 (504) 582-1750 Freeport-McMoRan Copper & Gold Inc. Announces Revised Operating Plans in Response to Weak Market Conditions • Reduction in Copper Production and Sales of 200 million pounds (5%) in 2009e and 500 million pounds (11%) in 2010e Compared with Previous Estimates • 18% Reduction in Estimated 2009 Unit Site Production and Delivery Costs Compared with 2008e • $1.2 billion Reduction (50%) in Estimated 2009 Capital Expenditures Compared with Previous Estimates • Suspension of Common Stock Dividend PHOENIX, AZ, December 3, 2008 – Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced today revised operating plans in response to the recent sharp decline in copper and molybdenum prices to incorporate reduced production levels, operating and administrative costs, exploration costs and capital expenditures. Since completion of the Phelps Dodge acquisition in March 2007, FCX’s business strategy has been focused on defining the potential of its resources and developing expansion and growth plans to deliver additional volumes to a growing marketplace. Following the more than $10 billion in debt reduction during 2007, FCX’s financial policy was designed to use its cash flows to invest in growth projects with high rates of return and return excess cash flows to shareholders in the form of dividends and share purchases. In response to the dramatic recent shift in global economic conditions, FCX has revised its near-term business strategy. LME copper prices averaged $3.61 per pound in the nine-month period ending September 30, 2008, $2.23 per pound in October 2008 and declined further to average $1.69 per pound in November 2008.
    [Show full text]
  • Sierrita Mine from Mine to Me How Copper Ore Becomes Copper Wire
    Sierrita Mine From Mine to Me How copper ore becomes copper wire Arizona Copper Mines 3 Copper Sulfide Ore 5 Copper Oxide Ore 8 Exploration 11 Open Pit Mining 22 Crushing and Milling 37 Flotation 46 Smelting 54 Leaching Oxide Ore 71 2012 Heap Leaching 76 by Jan C. Rasmussen, Ph.D. Solvent Extraction 82 Electrowinning 87 Fabricating - Rod Mill 96 Electrorefining 100 Reclamation 112 Uses of Copper 118 2 Arizona Copper Mines • Bagdad • Bisbee • Carlota • Hayden Smelter • Johnson Camp • Miami • Mineral Park • Mission • Morenci • Pinto Valley • Ray • Resolution • Rosemont X San Manuel • Safford • San Manuel • Sierrita X Bisbee • Silver Bell • Tohono 3 Copper sulfide ore and copper oxide ore are processed in different ways. Exploration Mining Concentrating Sulfide Ore Copper Products Smelting To Customer Rod, Cake, and Cathode Oxide Ore Leaching Solvent Extraction Electrowinning Refining Copper Anodes to Texas Copper Product to Customer (Ray and Silver Bell) 4 Cathode Sulfide ore: Chalcopyrite & Bornite Chalcopyrite Chalcopyrite can be called copper fool’s gold. It is made of copper, iron, and sulfur. It is a brassy yellow, metallic mineral and it is very heavy. Chalcopyrite is not as hard as pyrite, which is called fool’s gold. Chalcopyrite will not scratch glass, but will scratch a copper penny. Pyrite will scratch glass. Chalcopyrite is also a brighter yellow than pyrite. It often tarnishes to a blue-green, iridescent color on weathered surfaces. Chalcopyrite is the main copper sulfide ore. Chalcocite Bornite is also known as Peacock Copper because of the blue-green tarnish. On freshly broken surfaces, it is Chalcocite is a sooty black, bronze colored.
    [Show full text]
  • Value at Our Core
    VALUE AT OUR CORE ORKING TOWARD 14 W SUS 20 TA IN AB L E D EV E L O P M E N T R E P O R T Freeport-McMoRan Inc. (Freeport-McMoRan or the Company) is a natural resources company with headquarters in Phoenix, Arizona. The Company operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold, molybdenum, cobalt, oil and natural gas. Freeport-McMoRan has a dynamic portfolio of operating, expansion and growth projects in the copper industry. Freeport-McMoRan is also the world’s largest producer of molybdenum and a significant gold, oil and natural gas producer. Freeport-McMoRan’s portfolio of metals assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; significant mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America; and the Tenke Fungurume minerals district in the Democratic Republic of Congo. Freeport-McMoRan’s portfolio of oil and natural gas assets includes growth potential in the Deepwater Gulf of Mexico, established oil production facilities onshore and offshore California, large onshore natural gas resources in the Haynesville shale play in Louisiana, natural gas production from the Madden area in Central Wyoming and an industry-leading position in the emerging Inboard Lower Tertiary/Cretaceous gas trend located in the shallow waters of the Gulf of Mexico and onshore in South Louisiana. ABOUT THIS REPORT EXTERNAL ASSURANCE This 2014 Working Toward Sustainable Development (WTSD) Since 2005, Freeport-McMoRan has sought independent verification report is meant to provide stakeholders with summary information of its annual sustainability reports.
    [Show full text]
  • Xecutive Ummary
    SMALL A REA T RANSPORTATION S TUDY EXECUTIVE S UMMARY JANUARY 2008 TABLE OF CONTENTS Page EXECUTIVE SUMMARY ............................................................................... 1 PURPOSE................................................................................................ 1 BACKGROUND ........................................................................................ 1 STUDY PROCESS ..................................................................................... 1 RECOMMENDATIONS .............................................................................. 3 FUTURE SOCIOECONOMIC AND TRANSPORTATION CONDITIONS ................ 4 MULTIMODAL TRANSPORTATION PLAN.................................................... 7 RECOMMENDATION AND IMPLEMENTATION STRATEGY...........................19 IMPLEMENTATION PLAN ........................................................................20 FUNDING AND REVENUE ESTIMATES ......................................................26 ROADWAY CRITERIA..............................................................................28 REFERENCES.............................................................................................30 ii LIST OF TABLES Page 1. POPULATION ESTIMATES - GREENLEE COUNTY .................................... 4 2. ESTIMATED FUTURE DAILY TRAFFIC VOLUMES COUNTY AND LOCAL ROADS IN STUDY AREA ...................................... 5 3. ESTIMATED FUTURE DAILY TRAFFIC VOLUMES ARIZONA STATE HIGHWAYS IN STUDY AREA........................................ 5 4. ANALYSIS
    [Show full text]
  • Freeport-Mcmoran Copper & Gold Inc
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2010 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-11307-01 Freeport-McMoRan Copper & Gold Inc. (Exact name of registrant as specified in its charter) Delaware 74-2480931 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 333 North Central Avenue Phoenix, Arizona 85004-2189 (Address of principal executive offices) (Zip Code) (602) 366-8100 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock, par value $0.10 per share New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act 5 Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes 5 No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Freeport-Mcmoran Copper & Gold Inc
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2011 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-11307-01 Freeport-McMoRan Copper & Gold Inc. (Exact name of registrant as specified in its charter) Delaware 74-2480931 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 333 North Central Avenue Phoenix, Arizona 85004-2189 (Address of principal executive offices) (Zip Code) (602) 366-8100 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock, par value $0.10 per share New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • 2019-Climate-Report.Pdf
    BUILDING ON STRENGTH Climate Report 2019 Climate Report | 1 About Freeport-McMoRan Freeport-McMoRan Inc. (together with its operating subsidiaries, Freeport-McMoRan, FCX or the company) is a leading international mining company with headquarters in Phoenix, Arizona. The company operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. Freeport-McMoRan’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru. Freeport-McMoRan is one of the world’s largest publicly traded copper producers. For purposes of this report only, references to (1) Freeport-McMoRan Minerals Corporation (FMC Mining) includes all mining operations in North and South America (the Americas), (2) Freeport-McMoRan Corporation Downstream Processing (FMC Downstream Processing) includes all operations downstream of mining in the Americas and Europe and (3) PT Freeport Indonesia (PT-FI) includes our operations in Papua, Indonesia. Table of Did You Know? Contents Copper is critical to achieving several of the United Nations Sustainable OUR APPROACH 4 Development Goals and enabling the global energy transition. It takes an average of 4.1 metric tons of greenhouse gas (GHG) emissions to produce 1 metric ton of copper cathode from cradle to gate.1 However, because of its effectiveness in electrical applications, copper's GHG emissions can be mitigated by a factor of up to 1,500 to 1. REDUCTION 6 In fact, the International Copper Association2 estimates that by 2030, copper could help reduce global emissions by 16%.
    [Show full text]
  • Freeport-Mcmoran Inc. (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2016 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-11307-01 Freeport-McMoRan Inc. (Exact name of registrant as specified in its charter) Delaware 74-2480931 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 333 North Central Avenue Phoenix, Arizona 85004-2189 (Address of principal executive offices) (Zip Code) (602) 366-8100 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock, par value $0.10 per share New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act þ Yes o No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. o Yes þ No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • The Company, Which Also May Be Referred to As Phelps Dodge, PD
    Phelps Dodge Corporation (the Company, which also may be referred to as Phelps Dodge, PD, we, us or our) is one of the world's leading producers of copper and molybdenum, and is the world's largest producer of molybdenum-based chemicals and continuous-cast copper rod. On November 18, 2006, Phelps Dodge and Freeport-McMoRan Copper & Gold Inc. (Freeport) entered Into a definitive merger agreement under which Freeport Wii,, acquire Phelps Dodge, creating the world's largest publicly traded copper company. The combined company will represent one of the most geographically diversified portfolios of operating, expansion and growth projects in the copper mining industry. The transaction, which is subject to Phelps Dodge and Freeport shareholder approval, regulatory approvals and customary closing conditions, is expected to close in March 2007. Phelps Dodge and Freeport will each hold a special meeting of shareholders on March 14, 2007, to vote on the proposed acquisition. Phelps Dodge and Freeport common shareholders of record at the close of business on February 12, 2007, will be entitled to vote on the proposed transaction. Under the terms of the transaction, Freeport will acquire all of the outstanding common shares of Phelps Dodge for a combination of cash and common shares of Freeport. Each Phelps Dodge shareholder would receive $88.00 per share in cash plus 0.67 common shares of Freeport for each Phelps Dodge share. Freeport will deliver a total of approximately 137 million shares to Phelps Dodge shareholders, resulting in Phelps Dodge shareholders owning approximately 38 percent of the combined company on a fully diluted basis.
    [Show full text]
  • 2007 Annual Report a World of Assets
    A World of Assets A World of Opportunities FREEPORT-MCMORAN COPPER & GOLD INC. 2007 Annual Report A World of Assets FREEPORT-McMoRan COPPER & GOLD INC. Freeport-McMoRan Copper & Gold Inc. (FCX) is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX has a dynamic portfolio of operating, expansion and growth projects in the copper industry and is the world’s largest producer of molybdenum. The company’s portfolio of assets includes the Grasberg Minerals Disrict, the world’s largest copper and gold mine in terms of recoverable reserves; significant mining operations in the Americas, including the large scale Morenci and Safford minerals districts 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. Our common stock trades on the New York Stock Exchange under the symbol “FCX.” SUMMARY FINANCIAL HIGHLIGHTS Years Ended December 31, 2007 2006 2005 2004 2003 (In Millions, Except Per Share Amounts) Revenues $ 16,939 $ 5,791 $ 4,179 $ 2,372 $ 2,212 Operating income 6,555 2,869 2,177 704 823 Operating cash flows 6,225 1,866 1,552 341 572 Capital expenditures 1,755 251 143 141 139 Net income applicable to common stock 2,769 1,396 935 157 154 Diluted net income per common share 7.50 6.63 4.67 0.85 0.97 Dividends paid per common share 1.25 4.75 2.50 1.10 0.27 At December 31: Cash and cash equivalents 1,626 907 764 552 499 Total assets 40,661 5,390 5,550 5,087 4,718 Long-term debt, including current portion and short-term borrowings 7,211 680 1,256 1,952 2,228 Stockholders’ equity 18,234 2,445 1,843 1,164 776 TRANSFORMATION OF Freeport-MCMORAN Copper & Gold Inc.
    [Show full text]
  • 2018 Working Toward Sustainable Development Report 2018 Wtsd Report
    PROVEN ASSETS. FUNDAMENTAL VALUE. 2018 WORKING TOWARD SUSTAINABLE DEVELOPMENT REPORT 2018 WTSD REPORT 1 Freeport-McMoRan Inc. (Freeport-McMoRan or the company) is a leading international mining company with headquarters in Phoenix, Arizona. The company operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. Freeport-McMoRan’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru. ABOUT THIS REPORT THE UNITED NATIONS (UN) SUSTAINABLE Freeport-McMoRan has published a Working Toward DEVELOPMENT GOALS (SDGs) Sustainable Development (WTSD) report annually since 2001. The SDGs provide an ambitious framework This 2018 WTSD report is meant to provide stakeholders for sustainable development globally, with summary information on our sustainability programs, including in the countries where we operate. including policies, management systems and performance They are the UN-agreed priority areas for data. Additional information is located on our website at global sustainable development between 2015 and 2030. fcx.com/sustainability. Data presented primarily includes Freeport-McMoRan seeks to make a positive contribution the operations of Freeport-McMoRan’s subsidiaries: to the SDGs while mitigating any potential impediments to Freeport Minerals Corporation (FMC) and PT Freeport their realization. We are in the process of prioritizing areas Indonesia (PTFI) for the period January 1, 2018 to where we can help advance the SDGs, at both the corporate December 31, 2018.
    [Show full text]