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Company Directory - Freeport-McMoRan Inc.

Company Details - Freeport-McMoRan Inc.

Freeport-McMoRan Inc. Logo

Freeport-McMoRan Inc.

Website

Phoenix, United States

NYSE: FCX 

Freeport-McMoRan Inc. is one of the world's largest copper miners by volume, with major mining operations in Indonesia, Peru, and Arizona. The company owns stakes in ten copper mines and plays a significant role in the global mining industry.

CCI Score

CCI Score: Freeport-McMoRan Inc.

-32.67

-0.91%

Latest Event

Freeport-McMoRan Considers Return to DR Congo

Reports indicate that Freeport-McMoRan Inc. is contemplating re‐entering the Democratic Republic of Congo (DRC), a jurisdiction it exited in 2020, as part of broader moves to capitalize on the nation's vast mineral wealth. This decision comes amid wider concerns over governance, labor rights, and economic transparency in the region.

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TOADIE

Freeport-McMoRan Inc. is currently rated as a Toadie.

-30 to -44 CCI Score
Companies scoring in this range actively seek to please authoritarian regimes. They offer proactive support and assistance in exchange for preferential treatment, compromising ethical standards for business gains and political favor.

Latest Events

  • Freeport-McMoRan Considers Return to DR Congo Logo
    APR
    18
    2025

    Reports indicate that Freeport-McMoRan Inc. is contemplating re‐entering the Democratic Republic of Congo (DRC), a jurisdiction it exited in 2020, as part of broader moves to capitalize on the nation's vast mineral wealth. This decision comes amid wider concerns over governance, labor rights, and economic transparency in the region.

  • Freeport-McMoRan Lobbying Expenditures Raise Concerns Logo
    DEC
    31
    2024

    In 2024, Freeport-McMoRan spent $670,000 on lobbying activities, indicating a significant effort to sway political and regulatory processes. This heavy lobbying expenditure can be seen as an attempt to influence government policy in a way that may favor corporate interests over democratic accountability, thereby indirectly supporting authoritarian practices.

  • -50

    Political Contributions and Lobbying Efforts

    March 24

    Freeport-McMoRan's reported lobbying spending of $670,000 in 2024 points to an aggressive political influence strategy. By pouring significant funds into lobbying, the company is likely aiming to shape policies and regulations that benefit its operations, a tactic that can contribute to the erosion of democratic oversight and support authoritarian frameworks. This behavior falls under the category of Public and Political Behavior, specifically Political Contributions and Lobbying Efforts, warranting a negative score.

    Freeport-McMoRan Lobbying Profile • OpenSecrets

  • Freeport-McMoRan Discloses $120,000 in Lobbying Expenditures Logo
    DEC
    31
    2024

    In a recent filing covering Q4 2024, Freeport-McMoRan Inc. disclosed spending $120,000 on lobbying efforts related to various mining and environmental regulatory issues. The disclosed activities indicate an attempt to influence policies that affect water resource development, environmental standards, and other regulations impacting the company’s global mining operations, raising concerns about the firm's influence over political processes and regulatory frameworks.

  • -40

    Political Contributions and Lobbying Efforts

    March 24

    The disclosed lobbying expenditure of $120,000, aimed at influencing legislative issues such as environmental regulations and mining-related policies, points to a strategic use of corporate political power which can undermine democratic accountability. This action is seen as negative from an anti-fascist perspective because it contributes to an imbalance in policy influence, favoring corporate interests over public welfare and environmental protection.

    Lobbying Update: $120,000 of FREEPORT-MCMORAN INC. lobbying was just disclosed

  • Freeport-McMoRan Political Contributions Logo
    DEC
    31
    2024

    Freeport-McMoRan released its Political Activity Documents outlining its PAC political contributions for periods in 2023 and 2024. From an anti-fascist perspective, this documented political funding raises concerns about corporate influence in the political arena and potential complicity in supporting authoritarian practices.

  • -30

    Political Contributions and Lobbying Efforts

    March 24

    The disclosure of political contributions via the company’s official website signals an ongoing involvement in political funding. This kind of activity often supports the influence of corporate money in political processes, which anti-fascist groups argue can erode democratic accountability and facilitate authoritarian outcomes. Although transparent, such contributions are critiqued for enabling power imbalances and reinforcing corporate complicity in political systems that may favor right-wing, authoritarian agendas.

    Political Activity Documents | Freeport-McMoRan

  • Corporate Exploitation and Human Rights Abuses by Freeport-McMoRan Inc. Logo
    JUL
    28
    2022

    An in‐depth investigation into Freeport-McMoRan Inc.'s decades-long record of environmental degradation, labor abuses, and close financial ties with state security forces, which together underpin their complicity in bolstering authoritarian practices.

  • -80

    Political Contributions and Lobbying Efforts

    March 24

    Freeport has maintained suspicious financial ties with Indonesian state security forces through direct payments and investments. These actions effectively support a repressive apparatus that undermines democratic accountability and bolsters authoritarian practices, warranting a strongly negative score.

    FIFTY YEARS OF CORPORATE EXPLOITATION: ENVIRONMENTAL, LABOR, & HUMAN RIGHTS ABUSES BY US MINING GIANT FREEPORT (PART II) — Corporate Accountability Lab

  • -90

    Labor Relations and Human Rights Practices

    March 24

    Multiple documented incidents reveal that Freeport’s negligence of worker safety, suppression of labor strikes, and disregard for basic human rights have led to tragic loss of life and severe exploitation of its workforce. This pattern is emblematic of exploitative business practices and grave human rights violations.

    FIFTY YEARS OF CORPORATE EXPLOITATION: ENVIRONMENTAL, LABOR, & HUMAN RIGHTS ABUSES BY US MINING GIANT FREEPORT (PART II) — Corporate Accountability Lab

  • -70

    Economic Collaboration

    March 24

    Freeport’s financial transactions—ranging from multi-million-dollar payments to security forces to investments in military infrastructure—demonstrate a deliberate strategy of economic collaboration that directly supports authoritarian state mechanisms and repressive violence.

    FIFTY YEARS OF CORPORATE EXPLOITATION: ENVIRONMENTAL, LABOR, & HUMAN RIGHTS ABUSES BY US MINING GIANT FREEPORT (PART II) — Corporate Accountability Lab

  • Human Rights and Labor Violations at PT Freeport Indonesia Logo
    SEP
    01
    2020

    A detailed report reveals that PT Freeport Indonesia, a subsidiary of Freeport-McMoRan Inc., has been involved in widespread human rights violations, including mass layoffs without proper consultation, violent suppression of labor strikes, and severe environmental degradation affecting indigenous communities.

  • -80

    Business Practices and Ethical Responsibility

    March 24

    The report details a pattern of unethical practices at PT Freeport Indonesia. These include initiating mass layoffs without any negotiation with the workers’ union, crushing labor strikes through both non-violent and violent measures, and contributing to significant environmental degradation that disrupts the livelihoods of indigenous communities. These actions reflect a disregard for labor rights and environmental responsibility, central concerns under Business Practices and Ethical Responsibility.

    New report details numerous violations by PT Freeport Indonesia in West Papua | Tapol

  • Political Activity and Spending Practices - Freeport-McMoRan Logo
    JAN
    01
    2012

    Freeport-McMoRan's political activity statement outlines its structured approach to political spending through PACs and other contributions. Although the company emphasizes nonpartisanship and adherence to legal standards, its selective support for pro‐business candidates and engagement with trade associations may inadvertently bolster corporate influence over public policy, potentially undermining grassroots democratic accountability and contributing to a political climate that favors authoritarian practices.

  • -30

    Political Contributions and Lobbying Efforts

    March 24

    The disclosure reveals that FCX channels political contributions through its PACs and maintains a practice of supporting candidates deemed most favorable to its business interests. From an anti-fascist perspective, this kind of corporate political maneuvering, even if legally compliant and nonpartisan in appearance, supports an environment where corporate interests can override the broader public good. Such influence reinforces power dynamics that favor authoritarian outcomes by limiting robust democratic participation.

    Political Activity and Spending Practices - Freeport-McMoRan

  • Freeport-McMoran: Corporate Controversies and Ties to Authoritarian Practices Logo
    DEC
    27
    2005

    An investigative review of Freeport-McMoran Inc. reveals a series of controversies including close ties with Indonesia's authoritarian regime, significant environmental violations, worker safety issues, and economic collaborations that fund repressive military actions.

  • -80

    Public and Political Behavior

    March 24

    The article details Freeport-McMoran’s active political behavior in Indonesia, including alleged payments to the military and aggressive lobbying efforts. Such actions demonstrate a support for authoritarian regimes by forging ties with oppressive political actors.

    Freeport-McMoran: Corporate Rap Sheet

  • -70

    Business Practices and Ethical Responsibility

    March 24

    Extensive issues relating to environmental degradation, hazardous waste dumping, and unsafe working conditions in both U.S. and Indonesian operations highlight severe breaches in ethical business practices and disregard for human rights.

    Freeport-McMoran: Corporate Rap Sheet

  • -60

    Economic and Structural Influence

    March 24

    The company’s alleged economic collaborations, including multi-million dollar payments to Indonesia’s military, exemplify its structural influence in supporting regimes that perpetuate authoritarian practices. These financial ties enable and embolden repressive government behavior.

    Freeport-McMoran: Corporate Rap Sheet

  • Freeport-McMoRan Complicity in Human Rights Abuses in Indonesia Logo
    JUL
    01
    2002

    An independent human rights assessment reveals that Freeport-McMoRan is deeply complicit in human rights abuses in its Indonesian mining operations. The company's contractual arrangements with the Indonesian government have provided extensive support to security forces that have perpetrated abuses against indigenous communities. Additionally, unethical business practices have led to forced resettlement, environmental degradation, and systemic violation of indigenous rights.

  • -75

    Public and Political Behavior

    March 24

    Freeport-McMoRan’s involvement in politically sensitive contracts with the Indonesian government and military has facilitated a climate in which human rights abuses are tolerated. The company’s engagement through these contracts has effectively bolstered authoritarian practices, contributing to systemic repression of indigenous groups.

    PDF Human Rights Abuses by Freeport in Indonesia

  • -80

    Business Practices and Ethical Responsibility

    March 24

    The report documents extensive unethical business practices by Freeport-McMoRan including forced resettlement, environmental degradation, and a blatant disregard for the rights and livelihoods of indigenous communities. Such practices highlight serious breaches of business ethics and human rights responsibilities.

    PDF Human Rights Abuses by Freeport in Indonesia

  • -65

    Economic and Structural Influence

    March 24

    Freeport-McMoRan’s financial and contractual ties with the Indonesian government, which include providing logistical and monetary support to security forces, have strengthened structures that enable authoritarian and repressive practices. This economic collaboration has directly contributed to the perpetuation of human rights abuses.

    PDF Human Rights Abuses by Freeport in Indonesia

Industries

213113
Support Activities for Coal Mining
331410
Nonferrous Metal (except Aluminum) Smelting and Refining
212234
Copper, Nickel, Lead, and Zinc Mining