Copper Mark Achieved at all Copper Producing
Sites
Freeport-McMoRan Inc. (NYSE: FCX) is pleased to announce the
Copper Mark has been awarded to PT Freeport Indonesia (PT-FI). With
this award, FCX has achieved the Copper Mark at all 12 of its
eligible copper producing sites globally. FCX also is pleased to
announce that its primary molybdenum mines, Climax and Henderson,
have been awarded the Molybdenum Mark, making FCX the first primary
molybdenum miner to achieve this distinction.
Richard C. Adkerson, Chairman and Chief Executive Officer,
said, “I am pleased to report today that all of our
copper operating sites have now been validated by the Copper Mark.
As the operator of 9% of the world's copper production, we have a
long-standing commitment to safe and responsible production
practices and are dedicated to continuous improvement. We recognize
the critical role our products play in the global economy and in
advancing and accelerating decarbonization. I am proud of our team
for their accomplishments and ongoing commitment to responsible
production practices.”
The Copper Mark is a comprehensive assurance framework designed
to demonstrate the copper industry's responsible production
practices. In fourth-quarter 2022, the Copper Mark announced an
extension of its framework to include molybdenum producers, among
other metal producers. In addition to its primary mines, FCX’s four
copper mines that produce byproduct molybdenum (Bagdad, Cerro
Verde, Morenci and Sierrita) have also been awarded the Molybdenum
Mark.
To achieve the Copper Mark and Molybdenum Mark each site is
required to complete a robust, independent external assurance
process to assess conformance with 32 environmental, social and
governance requirements. Awarded sites are required to be
revalidated every three years.
The Copper Mark seeks to promote transparency and accountability
especially for sites that manage complex issues. The Copper Mark
recognizes the unique site-specific considerations of PT-FI’s
tailings management system. The extensive, independent onsite
assessment of PT-FI confirmed the site’s full conformance with the
current Copper Mark tailings requirements. The Copper Mark is in
the process of developing additional guidance for participating
sites with complex issues and PT-FI looks forward to working with
them to demonstrate ongoing conformance of its tailings management
system.
To learn more about the Copper Mark and Molybdenum Mark, please
see FCX’s website at:
https://www.fcx.com/sustainability/coppermark. Detailed information
on the Copper Mark requirements, assessment activities and
site-based reports are available on the Copper Mark website at
coppermark.org.
FREEPORT: Foremost in Copper
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 is one of the world’s largest
publicly traded copper producers.
FCX’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.
By supplying responsibly produced copper, FCX is proud to be a
positive contributor to the world well beyond its operational
boundaries. Additional information about FCX is available on FCX's
website at fcx.com.
Cautionary Statement Regarding Forward-Looking
Statements: This press release contains forward-looking
statements regarding FCX’s potential future performance.
Forward-looking statements are all statements other than statements
of historical facts, such as plans, projections, expectations,
targets, objectives, strategies or goals relating to environmental
performance, including expectations regarding FCX’s commitment to
deliver responsibly produced copper and molybdenum, including plans
to implement and validate its operating sites under specific
frameworks. The words “anticipates,” “may,” “can,” “commitments,”
“plans,” “pursues,” “believes,” “estimates,” "expects,"
"endeavors," “efforts,” “initiatives,” "seek," "goal," "predicts,"
"strategy," “objectives,” “projects,” “targets,” "intends,"
"aspirations," “likely,” “will,” “should,” “could,” “to be,”
”potential,” “opportunities,” “assumptions,” “guidance,”
“forecasts,” “future” and any similar expressions are intended to
identify those assertions as forward-looking statements.
FCX cautions readers that forward-looking statements are not
guarantees of future performance and actual results may differ
materially from those anticipated, expected, projected or assumed
in the forward-looking statements. Important factors that can cause
FCX’s actual results to differ materially from those anticipated in
the forward-looking statements include, but are not limited to, the
factors described under the heading “Risk Factors” in FCX’s Annual
Report on Form 10-K for the year ended December 31, 2021, filed
with the U.S. Securities and Exchange Commission (SEC).
Investors are cautioned that many of the assumptions upon which
FCX's forward-looking statements are based are likely to change
after the date the forward-looking statements are made. Further,
FCX may make changes to its business plans that could affect its
results. FCX cautions investors that it undertakes no obligation to
update any forward-looking statements, which speak only as of the
date made, notwithstanding any changes in its assumptions, changes
in business plans, actual experience or other changes.
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version on businesswire.com: https://www.businesswire.com/news/home/20230214005857/en/
Financial Contact: David P. Joint (504) 582-4203
Media Contact: Linda S. Hayes (602) 366-7824
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