Company report
Summary of Results
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, along with other companies and following the recent investor request.
Freeport-McMoRan ranks 13th among the 38 companies on its mine-site-level results, with an average score of only 15% in the mine-site assessment.
In evidence of Freeport-McMoRan’s continuous improvement efforts since the RMI Report 2018, the company has produced a revised environmental policy that incorporates the concept of a lifecycle approach.
However, Freeport-McMoRan’s results are below the average across all 38 companies in two thematic areas: Economic Development and Business Conduct, and the company’s 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. In addition, the company shows no evidence of collaborative R&D in producing countries on socio-economic or environmental issues related to mining.
Moreover, none of the five Freeport-McMoRan mine sites assessed show any relevant evidence on three of the ten issues covered in the mine-site assessment: post-closure planning, air quality and emergency preparedness.
Overall results
Results per measurement area
Commitment
(9 indicators)Action
(42 indicators)Effectiveness
(20 indicators)Results per indicator
Economic Development
A.01 National and Supranational Socio-Economic Development Planning
A.02 National and Supranational Procurement
A.03 Collaborative Research and Development
A.04 Enhancing the National Skills Base
Mine-site Results
Mine sites selected for individual assessment (but not included in the overall company score)
Bagdad | Cerro Verde | El Abra | Grasberg | Sierrita | |
---|---|---|---|---|---|
Local Employment (score /3) | 0.0 | 0.5 | 0.0 | 0.5 | 0.0 |
Local Procurement (score /3) | 1.0 | 1.0 | 0.0 | 1.0 | 1.0 |
Post-Closure Plans (score /3) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Community Grievances (score /3) | 0.5 | 2.5 | 2.0 | 1.0 | 2.0 |
Worker Grievances (score /3) | 0.5 | 0.5 | 0.5 | 0.0 | 0.5 |
Air Quality (score /3) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Water Quality (score /3) | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 |
Water Quantity (score /3) | 0.0 | 1.0 | 1.0 | 0.0 | 0.0 |
Tailings Management (score /3) | 1.0 | 1.0 | - | 1.5 | 1.0 |
Emergency Preparedness (score /3) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Mine-site Score (%) | 10.0 | 21.7 | 13.0 | 13.3 | 18.3 |
Operational mine sites
Mine Site Name | Aliases | Country | Company's share (%) | Products | Mining types |
---|---|---|---|---|---|
Bagdad | - | USA | 100 | Molybdenum, Copper | Open-pit |
Cerro Verde | - | Peru | 53.56 | Molybdenum, Copper, Silver | Open-pit |
Chino | Chino Cobre | USA | 100 | Molybdenum, Copper | Open-pit |
Climax | - | USA | 100 | Molybdenum | Open-pit |
El Abra | - | Chile | 51 | Copper | Open-pit |
Grasberg | PTFI | Indonesia | 48.76 | Copper, Gold, Silver | Open-pit, Underground |
Henderson | - | USA | 100 | Molybdenum | Open-pit |
Miami | - | USA | 100 | Copper | Open-pit |
Morenci | - | USA | 72 | Molybdenum, Copper | Open-pit |
Safford | - | USA | 100 | Copper | Open-pit |
Sierrita | Esperanza | USA | 100 | Molybdenum, Copper, Rhenium | Open-pit, Tailings Leach |
Tyrone | - | USA | 100 | Copper | Open-pit |
Closed mine sites (known)
(controlled assets under care & maintenance, closure or post-closure management)
Mine Site Name | Aliases | Country | Company's share (%) | Products | Mining types | Year of closure |
---|---|---|---|---|---|---|
Continental | Cobre | USA | 100 | Copper | Open-pit, Underground | 1999 |
Cyprus Tohono | Casa Grande, Lakeshore | USA | 100 | Copper | Open-pit | 2008 |
Queen | Bisbee | USA | 100 | Copper | Underground | 1975 |
Twin Buttes | Esperanza | USA | 100 | Molybdenum, Copper | Open-pit | 1994 |
Tailings (known)
Name | Country | Status | Construction Method | Impact-based hazard category (company-reported) |
---|---|---|---|---|
Ajo - East | USA | Closed | Upstream | Significant |
Ajo - North | USA | Closed | Upstream | Extreme |
Ajo - Northeast | USA | Closed | Upstream | Significant |
Ajo - South | USA | Closed | Upstream | Extreme |
Bagdad Mammoth | USA | Active | Centreline | Very High |
Bagdad Mulholland | USA | Inactive | Centreline | Very High |
Bagdad Upper Mammoth | USA | Active | Centreline | Very High |
Bisbee - South | USA | Closed | Upstream | Very High |
Bisbee – North | USA | Closed | Upstream | Very High |
Bruce - East | USA | Closed | Upstream | Low |
Bruce - North | USA | Closed | Upstream | Low |
Bruce - South | USA | Closed | Upstream | Low |
Cerro Verde - Enlozada | Peru | Active | Centreline | Extreme |
Cerro Verde - Linga | Peru | Active | Centreline | Extreme |
Chino - Tailing Dam 1 | USA | Closed | Upstream | Significant |
Chino - Tailing Dam 2 | USA | Closed | Upstream | Significant |
Chino - Tailing Dam 4 | USA | Closed | Upstream | Significant |
Chino - Tailing Dam B | USA | Closed | Upstream | Significant |
Chino - Tailing Dam C | USA | Closed | Upstream | Significant |
Chino / Cobre – Magnetite | USA | Inactive | Upstream | Significant |
Chino / Cobre – Main Dam No. 1 | USA | Inactive | Upstream | Extreme |
Chino – Axiflo Lake | USA | Active | Upstream | Significant |
Chino – Tailing Dam 6 | USA | Inactive | Upstream | Very High |
Chino – Tailing Dam 7 | USA | Active | Upstream | Very High |
Christmas Tailing Dam #1 | USA | Closed | Upstream | Low |
Christmas Tailing Dam #2 | USA | Closed | Upstream | Low |
Christmas Tailing Dam #3 | USA | Closed | Upstream | Low |
Christmas Tailing Dam #5 | USA | Closed | Upstream | Low |
Christmas Tailing Dam #6 | USA | Closed | Upstream | Low |
Christmas Tailing Dam #7 | USA | Closed | Upstream | Very High |
Christmas Tailing Dam #8 | USA | Closed | Upstream | Very High |
Climax – Mayflower | USA | Active | Upstream | Extreme |
Climax – Tenmile | USA | Active | Upstream | Extreme |
Climax-Robinson | USA | Closed | Upstream | Extreme |
Copperstone – Tailing Impoundment | USA | Closed | Upstream | Very High |
Dante – Lower Dam | USA | Closed | Downstream | Very High |
Dante – Upper Dam | USA | Closed | Upstream Rockfill | Very High |
Deming | USA | Closed | Upstream | Significant |
El Molino Dam 1 | USA | Closed | Upstream | Very High |
El Molino Dam 2 | USA | Closed | Upstream | Very High |
Henderson – 1 Dam / 3 Dam | USA | Active | Upstream | Extreme |
Keystone -Dam 2 | USA | Closed | Upstream | Very High |
Keystone -Dam 3 | USA | Closed | Upstream | Very High |
Keystone -Dam 4 | USA | Closed | Upstream | Very High |
Keystone-Dam 1 | USA | Closed | Upstream | Very High |
Lower URAD | USA | Closed | Upstream | Extreme |
Miami - Tailing Dam #2 | USA | Closed | Upstream | Extreme |
Miami - Tailing Dam #3 | USA | Closed | Upstream | Extreme |
Miami - Tailing Dam #4 | USA | Closed | Upstream | Extreme |
Miami - Tailing Dam #5 | USA | Closed | Upstream | Extreme |
Miami - Tailing Dam #6 | USA | Closed | Upstream | Very High |
Morenci 1-West | USA | Active | Upstream | Extreme |
Morenci 2-West | USA | Active | Upstream | Extreme |
Morenci 3-East | USA | Inactive | Upstream | Significant |
Morenci 3-West | USA | Active | Upstream | Extreme |
Morenci 4-West | USA | Active | Upstream | Extreme |
Morenci Silver Basin 1 | USA | Active | Upstream | Very High |
Morenci Silver Basin 1X | USA | Active | Upstream | Very High |
Morenci Southwest 1 | USA | Active | Upstream | Very High |
Morenci Southwest 2 | USA | Closed | Upstream | Very High |
Morenci West/East Dam | USA | Active | Centreline | Extreme |
Shafter | USA | Closed | Upstream | Low |
Sierrita – Esperanza | USA | Inactive | Upstream | Extreme |
Sierrita – Sierrita | USA | Active | Upstream | Extreme |
Tohono - Mill Tailings Impoundment | USA | Closed | Centreline | Low |
Twin ButtesTailing Pond No.2 | USA | Closed | Centerline Rockfill | Extreme |
Twin ButtesTailing Pond No.3 | USA | Closed | Centerline Rockfill | Extreme |
Twin ButtesTailing Pond No.4 | USA | Closed | Centerline Rockfill | Extreme |
Tyrone - Burro Mountain | USA | Closed | Upstream | Significant |
Tyrone - Tailing Dam 1 | USA | Closed | Upstream | Significant |
Tyrone - Tailing Dam 1A | USA | Closed | Upstream | Significant |
Tyrone - Tailing Dam 1X | USA | Closed | Upstream | Significant |
Tyrone - Tailing Dam 2 | USA | Closed | Upstream | High |
Tyrone - Tailing Dam 3 | USA | Closed | Upstream | High |
Tyrone - Tailing Dam 3X | USA | Closed | Upstream | High |
United Verde – Clarkdale | USA | Closed | Upstream | Significant |
Upper URAD | USA | Closed | Upstream | Extreme |