Production volume from Grasberg should improve dramatically as mining activity returns to higher-grade portions of the deposit.
Brownfield expansions at Cerro Verde and Morenci will drive significant production growth during the next several years.
The mammoth copper/gold Grasberg deposit boasts stellar ore grades and a long reserve life, which should translate to fat profits for many years to come. Read more
High copper prices during the past several years have triggered a wave of growth projects that are set to come on line for the next several years, weighing on prices.
China's fixed-asset investment boom has been the biggest driver of copper demand growth during the past decade. A shift toward consumption-driven growth entails a less copper-intensive Chinese economy.
Like many globe-trotting miners, Freeport operates in some high-risk jurisdictions, headlined by the Tenke Fungurume mine in the Democratic Republic of the Congo. Read more
We assign a Poor stewardship rating to Freeport mainly on the basis of the acquisitions of Plains Exploration & Production and McMoRan Exploration. The deals were a major use of shareholder capital and undertaken in a manner we believe was inconsistent Read more
Freeport-McMoRan's mines more copper than any other publicly traded company in the world. Its assets include the Indonesian Grasberg mining complex, the world's largest Read more
A Deep Discount on This Narrow-Moat Metals Stock Watch more