Company Directory - Freeport-McMoRan
Company Details - Freeport-McMoRan
Freeport-McMoRan
WebsitePhoenix, United States
ISIN: US35671D8570
Freeport-McMoRan Inc. is a leading international mining company with a primary focus on copper production. It is also involved in the mining of gold and molybdenum. The company operates several mines around the world, primarily in North America and South America. Freeport-McMoRan is recognized not only for its contributions to the mining industry but also for insight into economic impacts such as trade wars affecting demand for copper and other metals.
CCI Score
CCI Score: Freeport-McMoRan
-27.67
0.01%
Latest Event
CEO Warns of Trade War and Tariff Uncertainties
At the CESCO conference in Santiago, Freeport-McMoRan CEO Kathleen Quirk warned that escalating trade wars and tariff uncertainties—exemplified by far‐right tariff threats—could alter investment behaviors and dampen long‐term market demand, despite potential short-term profit gains.
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ACCOMPLICE
Freeport-McMoRan is currently rated as an Accomplice.
Latest Events
- APR082025
At the CESCO conference in Santiago, Freeport-McMoRan CEO Kathleen Quirk warned that escalating trade wars and tariff uncertainties—exemplified by far‐right tariff threats—could alter investment behaviors and dampen long‐term market demand, despite potential short-term profit gains.
- MAR102025
Freeport-McMoRan CEO Kathleen Quirk expressed hope that President Donald Trump will designate copper as a critical mineral, a move which would unlock substantial tax credits and boost domestic copper production. This strategic positioning appears aimed at capitalizing on policies favored by an authoritarian regime.
-40
Executive Political Engagement
April 8
The company's public expression of hope for Trump to declare copper as a critical mineral signals a degree of executive political engagement that aligns with an authoritarian agenda. By banking on policies promoted by a far‐right leader, Freeport-McMoRan is potentially positioning itself to benefit from government incentives, raising concerns about complicity in endorsing policies associated with nationalist and authoritarian practices.
Freeport-McMoRan Hopes Trump Declares Copper a Critical Mineral
- DEC312024
An OpenSecrets profile reveals that Freeport-McMoRan contributed $161,827 and spent $670,000 on lobbying in the 2024 cycle. The profile also highlights a significant revolving door with several lobbyists previously holding government positions, indicating close ties between the company and political elites.
-40
Political Contributions and Lobbying Efforts
April 8
The disclosed political contributions and lobbying expenses suggest that Freeport-McMoRan is actively investing in influencing policy processes. Such financial involvement raises concerns over corporate influence in political decision-making, contributing to an undemocratic power dynamic that aligns with authoritarian practices.
-30
Executive Political Engagement
April 8
The profile’s observation that a notable proportion of Freeport-McMoRan's lobbyists have previously held government positions indicates a revolving door dynamic. This close linkage between corporate insiders and former public officials can promote regulatory capture and weaken democratic oversight, thus aligning with authoritarian influence.
- DEC312024
Freeport-McMoRan disclosed spending $120,000 on lobbying efforts during Q4 2024, focusing on issues that impact mining operations and trade regulations, as reported in a Nasdaq article dated January 22, 2025.
-40
Political Contributions and Lobbying Efforts
April 8
The reported $120,000 lobbying expenditure by Freeport-McMoRan indicates targeted efforts to influence policy on issues pertinent to its mining operations. Such corporate political influence raises concerns about prioritizing corporate interests over community welfare and transparency in policymaking.
Lobbying Update: $120,000 of FREEPORT-MCMORAN INC. lobbying was just disclosed
- JAN012024
The OpenSecrets profile reveals that Freeport-McMoRan made $161,827 in political contributions and spent $670,000 on lobbying during the 2024 cycle. Additionally, a significant proportion of its lobbyists are former government officials, indicating a revolving door dynamic that raises concerns about regulatory capture and undue corporate influence over policy.
-40
Political Contributions and Lobbying Efforts
April 8
The reported political contributions and lobbying expenditures, while moderate in amount, reflect an active effort to influence political outcomes. Such spending can facilitate policies that protect corporate interests over public welfare and democratic accountability, aligning with authoritarian tendencies by entrenching corporate influence.
-30
Regulatory Capture
April 8
The data showing that a high percentage of the company's lobbyists have previously held government positions indicates a revolving door phenomenon. This dynamic contributes to regulatory capture, where corporate interests are prioritized over the public good, undermining democratic accountability.
- DEC312023
In 2023, Freeport-McMoRan spent $960,000 on lobbying efforts as reported by OpenSecrets. This significant expenditure indicates the company’s attempt to shape policy in favor of its corporate interests, which may undermine democratic accountability and harm community welfare.
-50
Political Contributions and Lobbying Efforts
April 8
The reported lobbying spending of $960,000 in 2023 reflects an active effort by Freeport-McMoRan to exert influence over policy decisions. Viewed through an anti-fascist lens, such corporate lobbying may favor corporate gains at the expense of democratic accountability and marginalized communities.
- JAN012023
Freeport-McMoRan spent $960,000 on lobbying in 2023, as documented by OpenSecrets, raising concerns about corporate influence on public policy and potential erosion of democratic accountability.
-50
Political Contributions and Lobbying Efforts
April 8
The reported lobbying expenditure of $960,000 in 2023 suggests significant effort to influence legislative and regulatory processes, reinforcing corporate interests over worker rights and public accountability. Such spending is viewed as contributing to an environment where authoritarian corporate influence can undermine democratic processes.
- JUL282022
The article documents over fifty years of environmental degradation, worker exploitation, and state collaboration by Freeport-McMoRan, including ignoring safety warnings leading to fatal mine collapses, suppressing striking workers, and financially supporting Indonesian security forces that enabled violence against indigenous communities.
-80
Labor Relations and Human Rights Practices
April 8
The article details repeated labor rights violations including failure to evacuate workers prior to a known mine wall collapse, resulting in multiple fatalities and injuries, suppression of striking workers, and denial of health and educational benefits. These actions demonstrate clear disregard for human rights and worker safety.
-70
Economic Collaboration
April 8
The article highlights Freeport-McMoRan's financial ties with Indonesian police and military, including direct payments that helped sustain a brutal security state responsible for suppressing indigenous dissent and labor activism. This economic collaboration with authoritarian forces exacerbates human rights violations in the region.
- SEP012020
A 27‐page report details a series of human rights abuses by PT Freeport Indonesia, a subsidiary of Freeport-McMoRan. The report documents mass layoffs executed without union negotiations, violent suppression of strikes that resulted in fatalities, and severe environmental degradation impacting indigenous communities in West Papua.
-90
Labor Relations and Human Rights Practices
April 8
The report highlights egregious violations of labor and human rights, including forcing mass layoffs without proper union negotiations and employing both non-violent and violent measures to crush worker strikes, which led to fatalities and widespread social and environmental harm. These actions underscore a systemic disregard for workers' rights and the well-being of indigenous communities, aligning with authoritarian and exploitative corporate practices.
- AUG052013
The article details how Freeport-McMoRan leveraged its industry clout to drive the rewriting of New Mexico's copper pit rule—effectively exempting its operations from stringent water quality standards. This move, which occurred alongside Governor Susana Martinez’s appointment, illustrates a case of regulatory capture and executive political engagement that undermines public accountability and environmental protections.
-60
Executive Political Engagement
April 8
Freeport-McMoRan played a direct role in influencing the copper pit rule in New Mexico through close ties with state officials, prioritizing corporate deregulation over public and environmental welfare, which exemplifies a problematic form of executive political engagement.
-80
Regulatory Capture
April 8
By driving the adoption of an industry-written copper pit rule that permits substantial toxic tailings disposal, Freeport-McMoRan has effectively undermined state water quality standards, demonstrating clear regulatory capture with severe long-term impacts on environmental and community health.
- JUL112011
Workers at PT Freeport Indonesia in West Papua engaged in a prolonged strike to protest poor wages, dangerous conditions, and union suppression. The company employed tactics such as creating a fake union and dismissing union leaders, which significantly aggravated labor grievances.
-70
Labor Relations and Human Rights Practices
April 8
The article documents severe labor rights violations including the suppression of union activities, firing of union leaders, and the establishment of a fake union to undermine legitimate worker representation. These actions demonstrate a detrimental impact on workers' rights and contribute to long-lasting grievances, reinforcing Freeport's complicity in authoritarian labor practices.
- MAY012001
The document compiles numerous allegations against Freeport-McMoRan in West Papua, detailing its cooperation with the Indonesian military, environmentally destructive practices, and violations of indigenous rights.
-85
Public and Political Behavior
April 8
Freeport-McMoRan is reported to have provided infrastructural support to the Indonesian military, which helped facilitate acts of violence and repression in West Papua. These actions contribute to an environment that supports authoritarian practices.
The Case against Freeport McMoran in West Papua - Documents to use in evidence
-90
Business Practices and Ethical Responsibility
April 8
Extensive allegations point to severe environmental damage, displacement of indigenous peoples, and unethical business practices. The company’s actions have consistently undermined ethical responsibilities and contributed to ongoing litigation.
The Case against Freeport McMoran in West Papua - Documents to use in evidence
-70
Economic and Structural Influence
April 8
The company’s significant economic influence has been used to secure favorable conditions that often disregard indigenous rights and environmental laws, thereby reinforcing authoritarian structures within the region.
The Case against Freeport McMoran in West Papua - Documents to use in evidence
- JAN011999
The article reports that legal allegations were made against Freeport-McMoRan for engaging in human rights and environmental violations at its Grasberg mine in West Papua, with a Louisiana state court case being dismissed in 1999 after appeals.
-70
Labor Relations and Human Rights Practices
April 8
The article details allegations that Freeport-McMoRan engaged in human rights and environmental violations through its corporate practices at the Grasberg mine in West Papua. Such behavior reflects a significant disregard for labor rights and the well-being of local and indigenous communities, which aligns with concerns over exploitative corporate practices.
- JAN011996
In 1996, members of the Amungme people of West Papua filed lawsuits against Freeport-McMoRan alleging that its security forces committed human rights abuses—including surveillance, mental torture, death threats, and house arrest—and that its mining operations led to severe environmental degradation and cultural genocide. The cases, filed in both US federal and Louisiana state courts, were ultimately dismissed.
-80
Labor Relations and Human Rights Practices
April 8
The lawsuits allege that Freeport-McMoRan's conduct in West Papua involved serious human rights abuses by its security forces coupled with environmental degradation and cultural destruction. Such actions, if validated, represent stark violations of ethical business practices and the rights of marginalized communities, aligning with significant negative assessments under labor relations and human rights practices.
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Corporate Financials
- Revenue
- 2025
- $20.50B
- Total Assets
- 2025
- $50.00B
Industries
- 213113
- Support Activities for Coal Mining
- 212234
- Copper, Nickel, Lead, and Zinc Mining
- 331419
- Other Nonferrous Metal Production
- 331411
- Primary Smelting and Refining of Copper