Headquarters
USA
Stock Exchange Listings
NYSE: FCX
Workforce
Employees: 24,500 (31/12/2020)
Contract workers: 33,800 (31/12/2020)
Total: 58,300 (31/12/2020)
Geographic Footprint
Producing countries: 4
Known tax jurisdictions: 4
Revenues (in BUSD)
Total Revenue: 14.198 (31/12/2020)
Net Income: 0.599 (31/12/2020)
State Ownership
No State ownership
2019 Fatalities
Total worker fatalities: 3
  • Employees: 1
  • Contract workers: 2
Others: Not Specified
2020 Fatalities
Total worker fatalities: 5
  • Employees: 2
  • Contract workers: 3
Others: Not Specified
Home countries, where the company is headquartered
Producing countries, where the company has mining operations
Mine sites selected for mine-site-level assessment

Summary of Results

Economic DevelopmentBusiness ConductLifecycle ManagementCommunity WellbeingWorking ConditionsEnvironmental Responsibility0%20%40%60%80%100%
  • Freeport-McMoRan
  • RMI average
  • Collective Best Score

Absolute results remain low overall, and Freeport-McMoRan’s results are largely dependent on the formal commitments it has made: to prevent bribery and corruption, to respect human rights, to ensure safe and healthy working conditions, to manage its environmental impacts systematically, and to not explore or mine in World Heritage Sites and to respect other protected areas. The company’s results also stem in part from its public disclosure of information on the location and safety of its tailings storage facilities.

Freeport-McMoRan shows one of the stronger results on the issues of tracking its performance on preventing and remedying its human rights impacts and tracking the effectiveness of its grievance mechanisms for communities.

The company shows evidence of improvement since the RMI Report 2020, including a formal commitment to condemn any threats or violence against human rights defenders.

Freeport-McMoRan is associated with a leading practice on the issue of living wage, having partnered with a sustainability organisation to conduct a living wage assessment at some operations and with plans to roll out the exercise for all employees.

Freeport-McMoRan’s results are below the average in two thematic areas: Economic Development and Business Conduct, and the company’s overall results are limited by a lack of evidence of action on a number of issues. For example, Freeport-McMoRan shows no evidence of supporting procurement from local or national suppliers in producing countries, or assessing and addressing any adverse impacts on land use and land access by affected communities. The company also shows a lack of evidence of systematic action on identifying and addressing how climate change can exacerbate the impacts of its operations on its workforce, affected communities, and the environment.

Freeport-McMoRan ranks 18th among the 40 companies on its mine-site-level results, with an average score of only 9% in the mine-site assessment. Moreover, five of the seven Freeport-McMoRan mine sites assessed do not show any relevant evidence on nine of the fifteen issues covered in the mine-site assessment: air quality, water quantity, post-closure, safety of communities, worker health and safety, women workers, workplace deaths and injuries, training of workers, and living wage.

Overall results

Economic Development

20.30 / 100.002022
16.00 / 100.002020

Business Conduct

31.00 / 100.002022
28.00 / 100.002020

Lifecycle Management

23.10 / 100.002022
24.00 / 100.002020

Community Wellbeing

28.10 / 100.002022
23.00 / 100.002020

Working Conditions

33.30 / 100.002022
29.00 / 100.002020

Environmental Responsibility

36.90 / 100.002022
37.00 / 100.002020

Average Mine-Site Score

13%2022
2022
20
%
2020
16
%

Economic Development

2022
31
%
2020
28
%

Business Conduct

2022
23
%
2020
24
%

Lifecycle Management

2022
28
%
2020
23
%

Community Wellbeing

2022
33
%
2020
29
%

Working Conditions

2022
37
%
2020
37
%

Environmental Responsibility

2022
13
%

Average Mine-Site Score

Results per measurement area

Commitment

(9 indicators)

Action

(42 indicators)

Effectiveness

(20 indicators)

Results per indicator

Economic Development

Mine-site Results

Mine sites selected for individual assessment (but not included in the overall company score)

Click on a mine site name to open its individual result page
BagdadCerro VerdeEl AbraGrasbergMorenciSaffordSierrita
Local Employment
(score /4)
0.00.50.00.50.00.00.0
Local Procurement
(score /4)
1.01.01.50.51.01.01.0
Air Quality
(score /4)
0.00.00.00.00.00.00.0
Water Quality
(score /4)
0.00.00.52.00.00.02.0
Water Quantity
(score /4)
0.01.00.50.00.00.00.0
Rehabilitation and Post-Closure
(score /4)
0.00.00.00.00.00.00.0
Tailings Management
(score /4)
1.01.00.01.01.00.01.0
Safety of Communities
(score /4)
0.00.00.00.00.00.00.0
Community Grievances
(score /4)
2.01.52.51.02.52.02.0
Safety and Health of Workers
(score /4)
0.00.01.00.00.00.00.0
Women Workers
(score /4)
0.00.51.00.00.00.00.0
Workplace Deaths and Injuries
(score /4)
0.02.01.00.00.00.00.0
Training of Workers
(score /4)
0.01.01.00.00.00.00.0
Decent Living Wage
(score /4)
1.01.01.01.01.01.01.0
Worker Grievances
(score /4)
0.51.51.50.50.50.50.5
Mine Site Score
(%)
9.018.019.011.010.08.013.0

Operational mine sites

Mine Site NameAliases/Other namesCountryCompany's share (%)ProductsMining types
Bagdad-USA100Copper, MolybdenumOpen-pit
Cerro Verde-Peru53.56Copper, Molybdenum, SilverOpen-pit
ChinoChino CobreUSA100Copper, MolybdenumOpen-pit
Climax-USA100MolybdenumOpen-pit
El Abra-Chile51CopperOpen-pit
GrasbergPTFI, PT-FIIndonesia48.76Copper, Gold, SilverUnderground
Henderson-USA100MolybdenumUnderground
Miami-USA100CopperOpen-pit
Morenci-USA72Copper, MolybdenumOpen-pit
Safford-USA100CopperOpen-pit
SierritaEsperanzaUSA100Copper, Molybdenum, RheniumOpen-pit, Tailings Leach
Tyrone-USA100CopperOpen-pit

Closed mine sites (known)
(controlled assets under care & maintenance, closure or post-closure management)

Mine Site NameAliases/Other namesCountryCompany's share (%)ProductsMining typesYear of closure
ContinentalCobreUSA100CopperOpen-pit, Underground1999
Cyprus TohonoCasa Grande, LakeshoreUSA100CopperOpen-pit2008
QueenBisbeeUSA100CopperUnderground1975
Twin ButtesEsperanzaUSA100Copper, MolybdenumOpen-pit1994

Tax Jurisdictions (known)

Chile

Indonesia

Peru

USA