Sierrita Mine from Mine to Me How Copper Ore Becomes Copper Wire
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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. -
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. -
Freeport-Mcmoran Annual Report 2020
Freeport-McMoRan Annual Report 2020 Form 10-K (NYSE:FCX) Published: February 14th, 2020 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ For the fiscal year ended December 31, 2019 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 Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.10 per share FCX The 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. -
View Annual Report
PROVING OUR METTLE 2015 Annual Report Freeport-McMoRan Inc. (FCX) is a natural resources company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold, molybdenum, cobalt, oil and natural gas. FCX is the world’s largest publicly traded copper producer, the world’s largest producer of molybdenum, and a significant gold, oil and natural gas producer. FCX’s portfolio of metal assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; significant mining operations in North and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru; and the Tenke Fungurume minerals district in the Democratic Republic of Congo. FCX’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 in Louisiana, natural gas production from the Madden area in central Wyoming, and a position in the Inboard Lower Tertiary/Cretaceous natural gas trend onshore in South Louisiana. During 2015, FCX took actions to enhance its financial position in response to lower market prices for its primary commodities. Current market conditions and uncertainty about the timing of economic and commodity price recovery requires FCX to continue taking actions to strengthen its financial position, reduce debt and re-focus its portfolio of assets. FCX’s business strategy is focused on its position as a leading global copper producer. -
Pima County, Arizona | Case Studies
FOR DISCUSSION PURPOSES ONLY DRAFT MULTI-STAKEHOLDER GROUP 06/10/2016 Pima County, Arizona | Case Studies Copper is a major industrial metal used in construction, electronics, transportation, industrial machinery, and consumer products. In 2014, the U.S. was the world’s fourth- largest copper producer, mining 1.13 million tons of copper worth approximately $9.7 billion.i Of the five major copper-producing states (Arizona, Utah, New Mexico, Nevada, and Montana), Arizona increased production the most in 2014; its copper output totaled 893,000 metric tons, representing 66% of the national total.ii Copper represented 89% of the value of mining in Arizona.iii If Arizona were a country, it would be the seventh largest copper producer in the world.iv Greenlee and Pima counties generated the majority of that production. Geology and history In Pima County, much like nearby Greenlee County, copper mining began in the 1870s. Mining activity in Pima County flourished in the late nineteenth century, particularly as the arrival of the Southern Pacific Railroad brought increased commerce and traffic to the region. The copper-mining industry followed a series of boom-and-bust cycles throughout the following decades, with particular spikes during the two world wars, when demand soared. Today, copper output in Pima County is driven by operations at three open-pit mines: Sierrita, Mission Complex, and Silver Bell. Production In 2014, the combined copper production from Pima County’s three major mines totaled 175,000 metric tons.v This output constituted 22% of national production for that year.vi Freeport-McMoRan Inc. manages the Sierrita mine, the top-producing operation in the county, while ASARCO LLC owns both the Mission Complex and Silver Bell mines. -
Effects of Hydrothermal Alteration on the Geomechanics of Degradation at the Bagdad Mine, Arizona
Effects of Hydrothermal Alteration on the Geomechanics of Degradation at the Bagdad Mine, Arizona Item Type text; Electronic Thesis Authors Coutinho, Paulo Citation Coutinho, Paulo. (2020). Effects of Hydrothermal Alteration on the Geomechanics of Degradation at the Bagdad Mine, Arizona (Master's thesis, University of Arizona, Tucson, USA). Publisher The University of Arizona. Rights Copyright © is held by the author. Digital access to this material is made possible by the University Libraries, University of Arizona. Further transmission, reproduction, presentation (such as public display or performance) of protected items is prohibited except with permission of the author. Download date 05/10/2021 14:56:11 Link to Item http://hdl.handle.net/10150/648603 EFFECTS OF HYDROTHERMAL ALTERATION ON THE GEOMECHANICS OF DEGRADATION AT THE BAGDAD MINE, ARIZONA by Paulo Coutinho ______________________________________________________________________________ Copyright © Paulo Coutinho 2020 A Thesis Submitted to the Faculty of the DEPARTMENT OF MINING AND GEOLOGICAL ENGINEERING In Partial Fulfillment of the Requirements For the Degree of MASTER OF SCIENCE WITH A MAJOR IN MINING, GEOLOGICAL, AND GEOPHYSICAL ENGINEERING In the Graduate College THE UNIVERSITY OF ARIZONA 2020 2 3 Acknowledgements I would like to extend my sincere gratitude to my advisors, Dr. John Kemeny and Dr. Isabel Barton, for their crucial role in guiding me through my graduate studies. I would also like to thank my thesis committee members, Mr. Keith Taylor, for his valuable support and enlightening comments. Dr. Sergio Castro Reino for his resources and experience involving rock mass degradation. Furthermore, I would like to thank my coworkers at Freeport McMoRan Inc. for providing me geology and geological engineering knowledge pertaining to the Bagdad deposit, and Call & Nicholas for their constructive criticisms regarding my modeling techniques. -
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 -
The Mineral Industry of Arizona in 2014
2014 Minerals Yearbook ARIZONA [ADVANCE RELEASE] U.S. Department of the Interior June 2019 U.S. Geological Survey EXPLANATION Gyp County producing only construction sand and gravel County producing both construction MOHAVE sand and gravel and crushed stone COCONINO County boundary ^ Capital city Nonfuel mineral commodity Ag Silver Au Gold Cu,Ag Lime Bent Bentonite DS IS Cem Cement plant Pum NA VAJO IS Clay Common clay and (or) shale Gem AP ACH E Cu Copper Cem Cem DS Dimension stone Gem Gemstones Cu,Au,Mo,Ag DS Gyp Gypsum IS Industrial sand YAVAP AI Lime Lime plant Bent Mo Molybdenum GILA Au,Ag Per Perlite LA PAZ MAR ICO PA Pum Pumice PHOENIX Salt ^ Gem GRE EN- Re Rhenium Gem LE E Salt Salt Clay Zeo Zeolites Cu,Ag Cu,Au, Gyp Cu Mo,Ag YUMA Gyp GRA HAM PINAL Zeo Cem Cu Zeo PIMA Cu Zeo Cu,Mo,Ag Cu,Mo,Re CO CHISE 0 30 60 MILES Per Base from U.S. Geological Survey digital data 0 30 60 KILOMETERS Albers Equal-Area Conic projection SAN TA CRU Z Figure 1. Map showing major nonfuel-mineral-producing areas in Arizona in 2014. Sources: Arizona Geological Survey and U.S. Geological Survey. The Mineral Industry of Arizona By Madan M. Singh This chapter has been prepared under a Memorandum of Understanding between the U.S. Geological Survey and the Arizona Geological Survey for collecting information on all nonfuel minerals. In 2014, in the State of Arizona (fig. 1), the value of nonfuel In 2014, the production quantity of construction sand and mineral production1 was $7.96 billion. -
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. -
Failure to Capture and Treat Wastewater
U.S. OPERATING COPPER MINES: FAILURE TO CAPTURE & TREAT WASTEWATER BY BONNIE GESTRING, MAY 2019 In 2012, Earthworks released a report documenting the failure to capture and treat mine wastewater at U.S. operating copper mines accounting for 89% of U.S. copper production.1 The report found that 92% failed to capture and control mine wastewater, resulting in significant water quality impacts. This is an update to that effort. We reviewed government and industry documents for fifteen operating open-pit copper mines, representing 99% of U.S. copper production in 2015 – the most recent data on copper production available from the U.S. Geological Survey (see Table 1). Our research found similar results: 14 out of 15 (93%) failed to capture and control wastewater, resulting in significant water quality impacts (see TaBle 2). These unauthorized wastewater releases occurred from a number of different sources including uncontrolled seepage from tailings impoundments, waste rock piles, open pits, or other mine facilities, or failure of water treatment facilities, pipeline failures or other accidental releases. TABLE 1: Copper production from top 15 (as of 2015) U.S. open-pit copper mines (most recent data availaBle from USGS).2 MINE PRODUCTION (metric tons) Morenci 481,000 Chino 142,000 Safford 91,600 Bagdad 95,300 Bingham Canyon 92,000 Sierrita 85,700 Ray 75,100 Pinto Valley 60,400 Mission CompleX 68,300 Robinson 56,800 Tyrone 38,100 Continental pit 31,000 PhoeniX 21,100 Miami 19,500 Silver Bell 19,300 Total (99% of U.S. production) 1,377,000 U.S. -
Sell-1601, Molybdenum , , MILS
CONTACT INFORMATION Mining Records Curator Arizona Geological Survey 416 W. Congress St., Suite 100 Tucson, Arizona 85701 520-770-3500 http://www.azgs.az.gov [email protected] The following file is part of the James Doyle Sell Mining Collection ACCESS STATEMENT These digitized collections are accessible for purposes of education and research. We have indicated what we know about copyright and rights of privacy, publicity, or trademark. Due to the nature of archival collections, we are not always able to identify this information. We are eager to hear from any rights owners, so that we may obtain accurate information. Upon request, we will remove material from public view while we address a rights issue. CONSTRAINTS STATEMENT The Arizona Geological Survey does not claim to control all rights for all materials in its collection. These rights include, but are not limited to: copyright, privacy rights, and cultural protection rights. The User hereby assumes all responsibility for obtaining any rights to use the material in excess of “fair use.” The Survey makes no intellectual property claims to the products created by individual authors in the manuscript collections, except when the author deeded those rights to the Survey or when those authors were employed by the State of Arizona and created intellectual products as a function of their official duties. The Survey does maintain property rights to the physical and digital representations of the works. QUALITY STATEMENT The Arizona Geological Survey is not responsible for the accuracy of the records, information, or opinions that may be contained in the files. The Survey collects, catalogs, and archives data on mineral properties regardless of its views of the veracity or accuracy of those data. -
U.S.Copper Porphyry Mines and Water Quality
U.S. Copper Porphyry Mines Report THE TRACK RECORD OF WATER QUALITY IMPACTS RESULTING FROM PIPELINE SPILLS, TAILINGS FAILURES AND WATER COLLECTION AND TREATMENT FAILURES. JULY 2012 (REVISED 11/2012) TM EARTHWORKS U.S. COPPER PORPHYRY MINES: The track record of water quality impacts resulting from pipeline spills, tailings failures and water collection and treatment failures. EARTHWORKS, July 2012 (Revised 11/2012) By Bonnie Gestring Reviewed by Dave Chambers Ph. D., Center for Science in Public Participation (CSP2) TM EARTHWORKS Photos, top to bottom: TM Yankee Doodle tailings pond by Ecofight EARTHWORKS Chino Mine by Gila Resource Information Project (GRIP) Sierrita Mine by Ecofight Bird fatality at Tyrone Mine by Jim Kuipers TM EARTHWORKS TM EARTHWORKS Table of Contents ! Introduction, Methods, & Results ..................................................................................................... 4 Conclusion ……………………………………………………………………………………………………5 ! Table 1: Copper production amounts for mines reviewed in the report ................................... 6 Table 2. Synopsis of pipeline spills, tailings spills and impoundment failures, and water capture and treatment failures for 14 copper porphyry mines (1986-2012). ............... 7 Case Studies of Active U.S. Copper Porphyry Mines ! Morenci Mine, AZ…………………………………………………………………………………. 8 Bingham Canyon, UT .......................................................................................................... 10 Ray Mine, AZ .......................................................................................................................