(Kitco News) - Freeport-McMoRan (NYSE: FCX) said today that the Copper Mark has been awarded to PT Freeport Indonesia (PT-FI), adding that with this award, FCX has achieved the Copper Mark at all 12 of its eligible copper producing sites globally.
FCX also announced that its primary molybdenum mines, Climax and Henderson, have been awarded the Molybdenum Mark, making FCX the first primary molybdenum miner to achieve this distinction.
According to a company press release, the Copper Mark is a comprehensive assurance framework designed to demonstrate the copper industry's responsible production practices. In Q4 2022, the Copper Mark announced an extension of its framework to include molybdenum producers, among other metal producers.
In addition to its primary mines, FCX’s four copper mines that produce byproduct molybdenum (Bagdad, Cerro Verde, Morenci and Sierrita) have also been awarded the Molybdenum Mark, it said.
“To achieve the Copper Mark and Molybdenum Mark each site is required to complete a robust, independent external assurance process to assess conformance with 32 environmental, social and governance requirements,” the company noted.
Awarded sites are required to be revalidated every three years.
FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX is one of the world’s largest publicly traded copper producers.
FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.
|
| Major gold miner Gold Fields says exceeded production guidance, expects higher headline earnings in 2022 |
