Expansion At Cerro Verde Mine In Peru Completed

PHOENIX, AZ - FCX reported that major expansion at our Cerro Verde mine in Peru is completed. This will establish an industry-leading, large-scale operation as a strong cash ow generator for decades to come. The company successfully executed the plan to strengthen the balance sheet, and refocused business on its leading position in the global copper industry.

The company is focused on production and maintaining a rigorous approach to capital allocation to generate cash flows to reduce debt and generate value. 

FCX operates two copper mines in South America: Cerro Verde in Peru and El Abra in Chile. South America mining includes open-pit mining, sulfide ore concentrating, leaching and SX/EW operations. Production from our South America mines is sold as copper concentrate or cathode under long-term contracts. The South America mines also ship a portion of their copper concentrate and cathode to Atlantic Copper. In addition to copper, the Cerro Verde mine produces molybdenum concentrate and silver. 

The company’s address is 333 N. Central Ave., Phoenix, AZ 85004, 602.366.8100.