Freeport-McMoRan (FCX)

Company ID: 215 | CIK: 0000831259
10-Q view:
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No 10-Q YTD data
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

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Business Unit / Product Segments

Major Customers (% of Revenue)

Operational KPIs

Unit net cash cost (aisc)

Oil and gas sales (boe_production)

Crushed leach production rate (capacity)

Contractors (contractors)

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Greenhouse Gas Emissions (emissions_co2)

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Oil and gas sales volumes (gas_production)

Headcount (headcount)

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Copper in stockpiles (inventory_units)

Cash production cost (lifting_cost)

Silver production (metal_produced)

Net acreage (net_acreage)

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Oil and gas sales volumes (ngl_production)

Oil and gas sales volumes (oil_production)

Gold ore grade (ore_grade)

Material mined (ore_mined)

2005 actual overburden-to-ore ratio (other)

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Accrued mine closure and reclamation (other)

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Active remediation projects (other)

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Africa unit net cash cost per pound (other)

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Asset retirement obligations (other)

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Average copper price (other)

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Average net cash production cost (other)

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Average provisional copper price (other)

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Average realized cobalt price (other)

Average realized copper price (other)

Average realized gold price (other)

Average realized molybdenum price (other)

Average realized price (other)

Average realized silver price (other)

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Average treatment charge (other)

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Average unit net cash cost (other)

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Avg realized copper price (other)

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Avg realized gold price (other)

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Avg realized molybdenum price (other)

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Capital expenditure guidance (other)

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Capital expenditures (other)

Capital expenditures estimate (other)

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Cash and cash equivalents (other)

Cash margin (other)

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Cash operating margin (other)

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Cash operating margin per BOE (other)

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Cash production cost (other)

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Cash production cost per pound (other)

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Cash production costs (other)

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Cash production costs per pound (other)

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Cathode cash cost (other)

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Cathode cash production cost (other)

Cathode cash unit cost (other)

Class A common shares outstanding (other)

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Class A shares outstanding (other)

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Class B common shares outstanding (other)

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Class B shares outstanding (other)

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Coal consumed (other)

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Coal consumption (other)

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Coal purchased (other)

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Coal purchases (other)

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Cobalt mineral reserves (other)

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Collective labor agreement coverage (other)

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Common shares outstanding (other)

Common stock outstanding (other)

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Community development contributions (other)

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Concentrate export quota (other)

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Concentrate treated (other)

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Copper Mark certified sites (other)

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Copper Mark validated sites (other)

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Copper average realized price (other)

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Copper gross profit (other)

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Copper hedged volume (other)

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Copper in stockpiles (other)

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Copper mineral reserves (other)

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Copper price protection coverage (other)

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Copper realized price (other)

Copper sales mix (other)

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Copper sales pending final pricing (other)

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Copper sales volume (other)

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Copper site production and delivery cost (other)

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Copper site production cost (other)

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Copper site production costs (other)

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Copper unit cash cost (other)

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Copper unit net cash cost guidance (other)

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Copper unit net cash costs (other)

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Debt refinancing (other)

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Deep MLZ drilling (other)

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Deferred mining costs (other)

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Depreciation and amortization per pound (other)

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Depreciation rate per pound (other)

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Diesel fuel consumption (other)

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Diesel fuel purchased (other)

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Diesel fuel purchases (other)

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Dividend per share (other)

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Dividends paid (other)

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Drawbells opened (other)

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Electricity consumption (other)

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Electricity purchased (other)

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Electricity purchases (other)

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Embedded copper derivative price (other)

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Embedded copper derivative volume (other)

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Embedded copper derivatives (other)

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Embedded derivative average price (other)

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Embedded derivative copper volume (other)

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Embedded derivative price (other)

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Embedded derivative volume (other)

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Energy consumption (other)

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Energy cost share (other)

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Energy purchased (other)

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Environmental costs (other)

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Environmental expenditures (other)

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Environmental obligations (other)

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Environmental training (other)

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Euro purchases hedged (other)

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Exchange copper stocks (other)

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Exploration budget (other)

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Exploration costs (other)

Exploration drill rigs (other)

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Exploration drill rigs active (other)

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Export license volume (other)

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Five-year average return on investment (other)

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Freeport Fund contributions (other)

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Gold and silver credits (other)

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Gold average price (other)

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Gold average realized price (other)

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Gold mineral reserves (other)

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Gold realized price (other)

Gold sales in anodes (other)

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Gold sales volume (other)

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Government security support costs (other)

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Gross profit per pound (other)

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Gross profit per pound of copper (other)

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Incremental copper from leaching (other)

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Internal civilian security costs (other)

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LME copper average price (other)

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LME copper price (other)

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LME copper settlement price (other)

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LME spot copper price (other)

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Leaching initiative copper (other)

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London PM gold price (other)

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London gold price (other)

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Manyar smelter construction progress (other)

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Market price (other)

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Material mining rate (other)

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Mine closure cost (other)

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Mine development capital (other)

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Mineral royalties paid (other)

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Molybdenum average price (other)

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Molybdenum average realized price (other)

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Molybdenum dealer oxide price (other)

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Molybdenum market price (other)

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Molybdenum mineral reserves (other)

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Molybdenum oxide price (other)

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Molybdenum realized price (other)

Molybdenum sales volume (other)

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Molybdenum unit cash cost (other)

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Molybdenum unit net cash cost (other)

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Molybdenum unit net cash cost per pound (other)

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Molybdenum unit net cash costs (other)

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NGL average realized price (other)

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NGL realized price (other)

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NPV sensitivity (other)

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Natural gas average realized price (other)

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Natural gas consumed (other)

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Natural gas consumption (other)

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Natural gas purchased (other)

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Natural gas purchases (other)

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Natural gas realized price (other)

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Net cash position (other)

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Net cash production cost (other)

Net cash production costs (other)

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Net present value (other)

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Number of Reportable Segments (other)

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Oil and gas average realized price (other)

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Oil and gas cash margin (other)

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Oil and gas cash operating margin (other)

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Oil and gas daily sales (other)

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Oil and gas realized revenues (other)

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Oil and gas sales volumes (other)

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Oil average realized price (other)

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Oil equivalent sales per day (other)

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Oil realized price (other)

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One-year TSR (other)

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Open concentrate sales (other)

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Open copper average price (other)

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Open copper pounds (other)

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Open copper pounds awaiting final pricing (other)

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Open copper pounds unpriced (other)

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Open copper sales (other)

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Open copper sales average price (other)

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Open copper sales awaiting final pricing (other)

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Open copper sales awaiting pricing (other)

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Open copper sales pending final pricing (other)

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Open copper sales to be priced (other)

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Open drawbells (other)

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Open provisional copper sales (other)

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Operating cash flow (other)

Operating cash flow guidance (other)

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Ore milled (other)

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Ore reserves (other)

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Overburden-to-ore ratio (other)

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Privatized services workforce (other)

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Projected operating cash flows (other)

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Projected unit net cash cost (other)

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Proven and probable copper reserves (other)

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Proven and probable gold reserves (other)

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Proven and probable molybdenum reserves (other)

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Proven and probable recoverable reserves (other)

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Proven mineral reserves (other)

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Provisional copper billings (other)

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Provisional copper price (other)

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Provisionally priced copper (other)

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Provisionally priced copper sales (other)

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Provisionally priced copper sales price (other)

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Purchased copper (other)

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Realized cobalt price (other)

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Realized copper price (other)

Realized gold price (other)

Realized molybdenum price (other)

Realized price (other)

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Realized revenues per BOE (other)

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Reclamation and closure obligations (other)

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Recoverable copper in stockpiles (other)

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Recoverable copper stockpiles (other)

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Reserve replacement (other)

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Restricted stock units granted to officers (other)

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Return on investment (other)

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Revolving credit facility availability (other)

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Royalties paid (other)

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Royalty on metals (other)

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Rupiah payments hedged (other)

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Securities available under equity plans (other)

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Securities outstanding under equity plans (other)

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Share price change (other)

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Shares of common stock outstanding (other)

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Shares outstanding (other)

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Silver mineral reserves (other)

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Site delivery cost (other)

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Site production and delivery cost (other)

Site production and delivery costs (other)

Site production cost (other)

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Site production cost per pound (other)

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Site production costs (other)

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Site production costs per pound (other)

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Site unit production cost (other)

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Smelter construction progress (other)

Stripping ratio (other)

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Total debt (other)

Total production cost per pound (other)

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Total production costs (other)

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Total production costs per pound (other)

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Treatment and refining rate (other)

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Treatment charges (other)

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Treatment rate (other)

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Twelve-month average WTI oil price (other)

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Unit net cash cost (other)

Unit net cash cost estimate (other)

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Unit net cash cost guidance (other)

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Unit net cash cost per pound (other)

Unit net cash cost target (other)

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Unit net cash costs (other)

Unit net cash costs per pound (other)

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Unit net cash credit (other)

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Unit net cash credits (other)

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Unit production cost (other)

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Unit site production and delivery cost (other)

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Unit site production cost (other)

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Unpriced copper sales (other)

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Probable oil and gas reserves (probable_reserves)

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Copper sales (production_volume)

Proved developed oil and gas reserves (proved_developed_reserves)

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Proven and probable recoverable reserves (proved_reserves)

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Proved undeveloped oil and gas reserves (proved_undeveloped_reserves)

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Hydrometallurgical recovery (recovery_rate)

Concentrate treated (refining_throughput)

Drills active (rigs_active)

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Potential Fatal Events (safety_incidents)

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Total material mined (throughput)

Total Recordable Incident Rate (trir)

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NGL Sales (units_shipped)

Capacity utilization (utilization_rate)

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Tailings produced (waste_generated)

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Wells drilled (wells_drilled)

No 10-Q data
Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

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Demographics

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Workforce Breakdowns

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HCM Metrics — Point-in-Time

No point-in-time HCM metrics found.

HCM Metrics — Flow (Annual / YTD)

No 10-Q data

Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2026-06-30othercompleted2026-03-31IndonesiaPTFI — Grasberg minerals district operationsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
PTFI reached a new two-year collective labor agreement with its three employee unions; no significant nonrecurring costs recognized and no affected-employee count disclosed.
2026-03-31othercompleted2026-03-31Indonesia (Grasberg minerals district, Central Papua)Indonesia Operations (PT Freeport Indonesia)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
PTFI reached a new two-year collective labor agreement with its three employee unions; no significant nonrecurring costs recognized. Exact agreement date within March 2026 not specified.
2026-03-31othercompleted2026-03-01IndonesiaIndonesia Operations (PTFI)MD&A
f5-10q / Qwen3.6-27B-Q8_0
PTFI reached a new two-year collective labor agreement with its three employee unions. No significant nonrecurring costs were recognized.
2025-12-31othercompleted2025-12PeruCerro Verde copper mine operationsItem_1_Business
f5-10k / GLM-5.3-flash-HTML
Three-day strike in December 2025 by members of one of the unions at Cerro Verde; declared unfounded by the Peruvian Labor Ministry and operations continued without significant disruption. Number of participating employees not disclosed. Also referenced in Item 1A Risk Factors; extracted once from the primary human capital disclosure.
2025-12-31othercompleted2025-12PeruCerro Verde operationsItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Three-day strike by members of one of the two unions at Cerro Verde, declared unfounded by the Peruvian Labor Ministry; operations continued without significant disruption. Number of participating employees not disclosed.
2025-09-30othercompleted2025-10-012029-04-30ChileEl Abra operationsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
El Abra and its two workers' unions signed new CLAs in October 2025, expiring April 30, 2029; no significant charges expected in Q4 2025
2024-12-31othercompleted2,8492024IndonesiaIndonesia operations (PT-FI)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
PT-FI completed a new two-year collective labor agreement with its three unions during 2024; agreement expires March 2026. Employee count reflects CLA coverage as of December 31, 2024. No strikes or lockouts occurred in 2024.
2024-12-31othercompleted3,5442024PeruSouth America operations (Cerro Verde)USD 97 (millions)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
Cerro Verde completed new multi-year collective labor agreements with its two unions during 2024 (expirations August 2028 and August 2029). Nonrecurring labor-related charges of $97 million were recorded in 2024 production and delivery costs in connection with the new agreements.
2024-12-31othercompleted5252024SpainAtlantic Copper Smelting & RefiningItem_1_Business
f5-10k / GLM-5.3-flash-HTML
Atlantic Copper completed a new collective labor agreement with its three unions during 2024; agreement expires December 2026. Employee count reflects CLA coverage as of December 31, 2024.
2024-12-31othercompleted2024NetherlandsMolybdenum conversion facility (Rotterdam roaster)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
Employees formerly covered by a CLA in Rotterdam eliminated their union representation during 2024 and will negotiate directly with management through their internal works council; an employee benefits agreement replaced the CLA and is expected to be renegotiated in March 2025. No affected-employee count disclosed.
2024-09-30othercompleted2024-10-01PeruSouth America Operations — Cerro VerdeUSD 34 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cerro Verde completed a new four-year collective labor agreement with its second union in October 2024 (subsequent event). Nonrecurring charges of $34M in Q3 2024 and $99M YTD 2024 relate to new CLAs with both unions. Employee count not disclosed.
2024-09-30othercompleted2024-04-01IndonesiaIndonesia Operations — PT Freeport IndonesiaMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
PT-FI reached a new two-year collective labor agreement with its three employee unions at Grasberg in April 2024. No significant nonrecurring costs recognized. Employee count not disclosed.
2024-06-30othercompleted2024-04-01IndonesiaIndonesia OperationsMD&A
f5-10q / Qwen3.6-27B-Q8_0
PT-FI reached a new two-year collective labor agreement (CLA) with its three employee unions at Grasberg. No significant nonrecurring costs were recognized.
2024-03-31othercompletedIndonesiaIndonesia OperationsMD&A
f5-10q / Qwen3.6-27B-Q8_0
PT-FI reached a new two-year Collective Labor Agreement (CLA) with its three employee unions at Grasberg minerals district operations in April 2024. No significant nonrecurring costs recognized.
2022-12-31othercompleted2,7582022-02IndonesiaPT Freeport Indonesia (Indonesia mining)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
PT-FI completed negotiations with its three unions in February 2022 on a two-year collective bargaining agreement effective through March 2024; 2,758 employees covered.
2022-12-31othercompleted9432022-09ChileEl Abra (South America mining)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
El Abra completed negotiations with its two unions on a new three-year CLA effective through April 2026; 943 employees covered.
2022-12-31otherin_progress5112022-12SpainAtlantic Copper (Smelting & Refining)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
The CLA between Atlantic Copper and its three unions expired in December 2022 but has been extended indefinitely by mutual agreement while a successor agreement is negotiated; 511 employees covered.
2022-12-31othercompleted522022-12The NetherlandsRotterdam molybdenum conversion facilityItem_1_Business
f5-10k / GLM-5.3-flash-HTML
In December 2022, Rotterdam implemented wage and bonus increases agreed during union negotiations and extended the current CLA through September 2023; 52 employees covered.
2021-12-31othercompleted2021PeruSouth America mining (Cerro Verde)USD 92 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Nonrecurring labor-related charges for collective labor agreements reached with Cerro Verde's hourly employees during 2021. The CLA table shows 3,183 union-represented employees at Cerro Verde at December 31, 2021, under agreements expiring August 2024 and August 2025; an affected-employee count for the 2021 agreements is not explicitly stated.
2021-12-31othercompleted2022-02IndonesiaIndonesia mining (PT-FI)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
Post-fiscal-year event: PT-FI completed negotiations with its unions in February 2022 on a new two-year collective labor agreement effective through March 2024, replacing the prior CLA that covered 2,990 union-represented employees and expired March 2022.
2021-12-31divestiture_reductioncompleted2021-09Kokkola, FinlandCorporate, Other & Eliminations (Freeport Cobalt business)other
f5-10k / GLM-5.3-flash-HTML
Koboltti Chemicals Holdings Limited (56%-owned) completed the sale of the remaining Freeport Cobalt business to Jervois Global Limited for $208 million (including net cash proceeds of $150 million and Jervois shares); FCX recorded a $60 million gain. Employee headcount affected by the divestiture is not disclosed.
2021-09-30otherin_progressPeruCerro Verde — hourly employeesUSD 74 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cerro Verde's collective labor agreement expired 2021-08-31; approximately 65% of hourly employees had signed new CLAs as of 2021-09-30. Nonrecurring charges of $74M recorded for the nine months ended 2021-09-30. Negotiations for remaining hourly employees ongoing and may result in additional charges.
2021-09-30othercompletedPeruSouth America Mining (Cerro Verde)USD 74 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Cerro Verde incurred nonrecurring charges of $74 million for agreements reached with approximately 65 percent of its hourly employees. Specific headcount affected is not disclosed.
2021-06-30othercompletedPeruSouth America Mining — Cerro Verde (hourly employees)USD 69 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreements reached with 57% of Cerro Verde hourly employees, including early ratification of a new four-year collective labor agreement with one of three unions. Nonrecurring charge of $69M. Negotiations with remaining hourly employees ongoing; current CLA expires 2021-08-31. No absolute employee count disclosed.
2021-06-30othercompleted2021-06-30PeruSouth America Mining (Cerro Verde)USD 69 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Cerro Verde reached agreements with 57% of hourly employees, incurring $69 million in nonrecurring labor-related charges.
2020-12-31restructuringcompleted2020-04Global (North America, South America, Indonesia)Company-wideUSD 258 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
April 2020 revised operating plans implemented in response to COVID-19. Workforce measures included an employee separation program, furloughs, temporary reduction of certain employee benefits (including suspension of U.S. 401(k) company contributions, resumed January 1, 2021), and a 25 percent salary reduction for the CEO and CFO through year-end 2020 (forgone salary substituted with restricted stock units). The $258 million charge bundles idle facility costs (Cerro Verde), contract cancellation and other COVID-19 charges with revised-plan costs including employee separation costs; recorded in production and delivery ($202M), DD&A ($32M), SG&A ($16M) and mining exploration/research ($8M); primarily allocated to the Cerro Verde segment ($89M), Corporate, Other & Eliminations ($57M) and Rod & Refining ($30M). Related operational measures under the same plans: Cerro Verde temporarily moved to care and maintenance (mid-March 2020, restored in Q2 2020), Chino suspended (April 2020; restarted January 2021 at roughly half capacity), Climax molybdenum production cut about 50 percent (reduced levels continuing into 2021), and lower mining rates at El Abra. No employee headcount figures were disclosed for the separation program.
2020-12-31othercompleted2020Indonesia (Papua)Indonesia mining (PT-FI)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
Five-day labor-related work stoppage in third-quarter 2020 when a group of PT-FI workers staged protests and a blockade restricting access to the main road to the mining operations area, related to COVID-19 travel restrictions; resolved amicably while upholding COVID-19 safety protocols. The company states there were no strikes or lockouts at any of its operations in 2020.
2020-12-31restructuringcompleted2020-04-012020-12-31GlobalMultiple — corporate, mining operations, and smeltingUSD 258 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
April 2020 revised operating plans in response to COVID-19 pandemic, including idle facility costs at Cerro Verde, contract cancellation, employee separation costs, furloughs, temporary benefit reductions, and third-party service cost reductions. Charges recorded in production and delivery ($202M), DD&A ($32M), SG&A ($16M), and exploration ($8M). Specific employee count not disclosed.
2020-12-31layoffcompleted2020-04-012020-12-31United StatesCorporate and centralized support functionsMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Employee separation program as part of April 2020 revised operating plans; also included 25 percent salary reduction for CEO and CFO through end of 2020, who forwent substantially all reduced cash salary. Specific headcount not disclosed.
2020-12-31plant_closurein_progress2020-04-012021-01-31United States — New MexicoNorth America Copper Mines — ChinoItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Chino operations suspended in April 2020 under revised operating plans; restarted January 2021 at reduced rate of approximately 100 million pounds of copper per year (about 50 percent capacity). Employee count not disclosed.
2020-12-31plant_closurecompleted2020-03-152020-06-30PeruSouth America Mining — Cerro VerdeItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cerro Verde transitioned to care and maintenance status in mid-March 2020 under Peru government COVID-19 National Emergency decree; plan to restore operations approved in Q2 2020. Employee count not disclosed.
2020-12-31othercompleted2020-04-012020-12-31United States — ColoradoMolybdenum Mines — ClimaxItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Production reduced by approximately 50 percent at Climax over remainder of 2020 due to decline in molybdenum market prices; expected to remain at reduced levels through 2021. Workforce impact not quantified.
2020-12-31othercompleted2020-07-012020-09-30IndonesiaIndonesia Mining — PT-FIItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Five-day labor-related work stoppage in Q3 2020 at PT-FI related to COVID-19 travel restrictions; workers staged protests and a road blockade. Resolved amicably. No strikes or lockouts at any operations in 2020.
2020-12-31restructuringcompleted2020-04GlobalVariousUSD 202 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
April 2020 revised operating plans included employee separation costs. Specific headcount not disclosed.
2020-09-30restructuringin_progress2020-04-24GlobalCorporate, administrative, and centralized support functionsUSD 129 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
April 2020 revised operating plans included an employee separation program, furloughs, temporary benefit reductions, and third-party cost reductions. Annual savings expected to exceed $100 million. No specific employee count disclosed. Charges of $129M for first nine months of 2020 include employee separation charges.
2020-09-30otherin_progress2020-04-24GlobalAll operationsUSD 129 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
COVID-19 pandemic charges of $129M for first nine months of 2020, including idle facility costs at Cerro Verde, contract cancellation, health and safety costs, and one-time incremental employee benefits. No employee count disclosed.
2020-09-30restructuringin_progress2020-04-24GlobalAdministrative and centralized supportUSD 34 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
April 2020 revised operating plans included employee separation program, furloughs, and benefit reductions. $34M charge in Q3 2020; $258M YTD 2020. Employee count not disclosed.
2020-09-30othercompleted2020-08-01United StatesCorporateMD&A
f5-10q / Qwen3.6-27B-Q8_0
FMC Retirement Plan amended effective Sept 1, 2020; participants no longer accrue benefits. Remeasurement resulted in $184M increase in projected benefit obligation.
2020-09-30othercompleted2020-09-01IndonesiaIndonesia MiningMD&A
f5-10q / Qwen3.6-27B-Q8_0
PT-FI workers staged protests and blockade in late Aug/early Sept 2020 related to COVID travel restrictions. Operations suspended for several days.
2020-06-30restructuringin_progress2020-04-24GlobalAdministrative and centralized support functionsUSD 82 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Employee separation program initiated as part of April 2020 revised operating plans. Charges split: $60M production and delivery, $15M SG&A, $7M mining exploration. Annual savings expected to exceed $100 million. No employee headcount disclosed.
2020-06-30layoffin_progress2020-04-24GlobalMultipleMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Furloughs initiated alongside employee separation program and temporary benefit reductions as part of April 2020 revised operating plans. No headcount or duration disclosed.
2020-06-30otherin_progress2020-03-01PeruSouth America Mining — Cerro VerdeMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cerro Verde temporarily moved to care and maintenance status in March 2020 under Peruvian national emergency decree. Operations restored during Q2 2020 with government-approved plan. No headcount impact quantified.
2020-06-30plant_closurein_progress2020-04-24United States — New MexicoNorth America Copper Mines — Chino mineMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Chino mine suspended as part of April 2020 revised operating plans. Restart timing under assessment based on public health and market conditions. No headcount impact disclosed.
2020-06-30restructuringin_progress2020-04-24GlobalCorporate and OperationsUSD 196 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
April 2020 revised operating plans included employee separation program, furloughs, and benefit reductions. Q2 charges totaled $196M ($153M production/delivery, $15M SG&A, $7M exploration). Employee count not disclosed.
2020-03-31othercompleted2020-04-01New Mexico, USANorth America Copper MinesMD&A
f5-10q / Qwen3.6-27B-Q8_0
Suspended operations at Chino copper mine in April 2020 due to spread of COVID-19 among employees.
2020-03-31otherin_progress2020-03-15PeruSouth America MiningMD&A
f5-10q / Qwen3.6-27B-Q8_0
Cerro Verde temporarily transitioned to care and maintenance status to comply with Peruvian government National Emergency decree regarding COVID-19.
2020-03-31othercompleted2020-03-012020-12-31GlobalCorporateMD&A
f5-10q / Qwen3.6-27B-Q8_0
Board approved 25% salary reduction for CEO and CFO through end of 2020; executives agreed to forgo substantially all reduced cash salary for remainder of 2020, paid in restricted stock units.
2020-03-31otherin_progress2020-03-01GlobalCorporateMD&A
f5-10q / Qwen3.6-27B-Q8_0
Initiation of furloughs and employee separation programs as part of cost savings initiatives.
2019-12-31divestiture_reductioncompleted2019-12-31FinlandFreeport Cobalt — cobalt refinery and cathode precursor businessdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of cobalt refinery in Kokkola, Finland and related cathode precursor business to Umicore completed in Q4 2019; headcount not disclosed
2019-12-31divestiture_reductioncompleted2019-12-31SerbiaTimok exploration project (lower zone)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of interest in lower zone of Timok exploration project completed December 2019; headcount not disclosed
2019-12-31restructuringcompleted2017-01-012017-12-31IndonesiaPT Freeport Indonesia (PT-FI)USD 125 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Workforce reductions at PT-FI in 2017. Included in 2019 filing as comparative data. No specific employee count disclosed, only charge amount.
2019-09-30othercompleted2019-09-30ChileSouth America Mining (El Abra)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
El Abra and its two workers' unions signed new collective labor agreements in September 2019, expiring April 30, 2023. No employee count disclosed.
2019-09-30otherin_progress2019-09-30IndonesiaIndonesia Mining (PT-FI)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
PT-FI and union officials commenced discussions for a new two-year labor agreement; prior agreement expired September 2019 and remains in effect until a new agreement is consummated. No employee count disclosed.
2018-12-31othercompletedPeruSouth America mining — Cerro VerdeUSD 69 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Execution of Cerro Verde's new three-year collective labor agreement (union ratification); related charge recorded in third-quarter 2018. Per the labor table, Cerro Verde had one union representing 3,304 employees at December 31, 2018, with that agreement expiring August 2021.
2018-12-31othercompletedPeruCerro Verde — South America miningUSD 69 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
New three-year collective labor agreement at Cerro Verde recorded in third-quarter 2018; charge of $69 million ($0.06 per pound of copper) included in production and delivery costs. No employee separation counts disclosed.
2018-12-31restructuringcompleted2017-01-012017-12-31IndonesiaPT Freeport Indonesia (PT-FI)USD 125 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Workforce reductions at PT-FI in 2017 included furloughs, voluntary retirement programs, and subsequent involuntary separations deemed voluntary resignations under Indonesian law due to illegal strike action. Charge includes $120 million in production costs and $5 million in SG&A.
2018-09-30restructuringcompletedIndonesiaIndonesia Mining (PT-FI)USD 69 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Charges related to Cerro Verde's new three-year collective labor agreement. Note: While labeled Cerro Verde in footnote 'e', the text under 'Production and Delivery Costs' attributes the $69M charge to Cerro Verde (South America), not Indonesia. However, footnote 'f' in the 2017 comparison mentions workforce reductions at PT-FI. The $69M charge in 2018 is explicitly linked to Cerro Verde's CLA. Correcting geography to South America.
2018-09-30restructuringcompletedSouth AmericaSouth America Mining (Cerro Verde)USD 69 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Charges totaling $69 million associated with Cerro Verde's new three-year collective labor agreement (CLA). Employee count not disclosed.
2018-06-30othercompleted2018-08-012018-09-01PeruSouth America Mining (Cerro Verde)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cerro Verde and its workers' union agreed to a new three-year collective labor agreement effective September 1, 2018, including bonuses expected to be paid in Q3 2018. No employee count disclosed.
2017-12-31restructuringcompleted2017-03-312017-12-31IndonesiaPT Freeport Indonesia (PT-FI)USD 125 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
PT-FI workforce reductions through furlough and voluntary retirement programs in response to 2017 regulatory restrictions. Charges: $120M to production costs, $5M to SG&A, $4M pension curtailment loss. Employee count not disclosed.
2017-12-31othercompleted2017-05-012017-12-31IndonesiaPT Freeport Indonesia (PT-FI)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Significant number of employees and contractors participated in an illegal strike beginning May 2017; subsequently deemed to have voluntarily resigned under Indonesian law. Count not disclosed.
2017-12-31divestiture_reductioncompleted2016-12-152017-12-31United StatesOil and Gas Operationsdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
During 2017, FCX completed sales of property interests in the Madden area (March 2017) and Gulf of Mexico Shelf (July 2017), continuing divestiture of oil and gas assets. Headcount impact not disclosed.
2017-12-31restructuringcompleted2017-01-012017-12-31IndonesiaPT Freeport Indonesia (PT-FI)USD 125 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Workforce reductions at PT-FI due to regulatory restrictions and uncertainties. Includes furloughs and voluntary retirements. Charge includes $120M in production costs and $5M in SG&A.
2017-09-30voluntary_separationin_progress2017-01-01IndonesiaIndonesia Mining (PT Freeport Indonesia)USD 113 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
PT-FI furlough and voluntary retirement programs in response to 2017 regulatory restrictions; $113M severance charges for 9M 2017, including $9M in Q3 2017. Number of employees affected not disclosed.
2017-09-30otherin_progress2017-05-01IndonesiaIndonesia Mining (PT Freeport Indonesia)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Significant number of employees and contractors participated in an illegal strike beginning May 2017; subsequently deemed to have voluntarily resigned under local laws. Headcount not disclosed.
2017-09-30restructuringcompleted2017-01-012017-09-30IndonesiaIndonesia Mining (PT Freeport Indonesia)USD 9 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Workforce reductions through furlough and voluntary retirement programs. Significant number of employees/contractors elected to participate in illegal strike and were deemed to have voluntarily resigned. $9 million charge in Q3 2017 for employee severance and related costs.
2017-09-30restructuringcompleted2017-01-012017-09-30IndonesiaIndonesia Mining (PT Freeport Indonesia)USD 113 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Cumulative YTD charge of $113 million for employee severance and related costs associated with workforce reductions and voluntary resignations.
2017-09-30restructuringin_progressCorporate And Eliminations [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-06-30voluntary_separationcompleted2017-01-01IndonesiaIndonesia Mining (PT Freeport Indonesia)USD 104 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
PT-FI furlough and voluntary retirement programs in response to regulatory uncertainty; $104M severance charges for first six months of 2017 ($83M in Q2). Headcount affected not disclosed.
2017-06-30othercompleted2017-05-01IndonesiaIndonesia Mining (PT Freeport Indonesia)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Significant number of employees and contractors participated in an illegal strike beginning May 2017; deemed to have voluntarily resigned under Indonesian law. Number affected not disclosed.
2017-06-30voluntary_separationcompleted2017-03-012017-06-30IndonesiaIndonesia Mining (PT Freeport Indonesia)USD 83 (millions)Note 1. General Information
f5-10q / Qwen3.6-27B-Q8_0
PT-FI recorded $83 million in Q2 2017 for employee severance and related costs following furlough and voluntary retirement programs. A significant number of employees subsequently participated in an illegal strike and were deemed to have voluntarily resigned.
2017-06-30othercompleted2017-05-012017-06-30IndonesiaIndonesia Mining (PT Freeport Indonesia)Note 1. General Information
f5-10q / Qwen3.6-27B-Q8_0
Significant number of employees and contractors elected to participate in an illegal strike action beginning in May 2017 and were subsequently deemed to have voluntarily resigned under existing laws and regulations.
2017-03-31otherin_progressIndonesia (Papua)Indonesia Mining (PT-FI)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
PT-FI reduced its workforce and slowed investments in underground development and new smelter due to regulatory restrictions and uncertainty over long-term investment stability. No headcount figure disclosed.
2017-03-31othercompletedPeruSouth America Mining (Cerro Verde)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
A 21-day labor strike at Cerro Verde during first-quarter 2017 reduced mining rates and cut approximately 80 million pounds from estimated 2017 sales volumes. No employee count disclosed.
2017-03-31otherannounced2017-04-01Indonesia (Papua)Indonesia Mining (PT-FI / Grasberg)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Since mid-April 2017, PT-FI experienced high worker absenteeism; union leaders notified PT-FI of a potential strike during May 2017. No employee count disclosed.
2017-03-31othercompletedPeruSouth America MiningMD&A
f5-10q / Qwen3.6-27B-Q8_0
Cerro Verde operations impacted by a 21-day labor strike in Q1 2017.
2017-03-31otherin_progressIndonesiaIndonesia MiningMD&A
f5-10q / Qwen3.6-27B-Q8_0
PT-FI reduced workforce and slowed investments due to regulatory restrictions. High worker absenteeism and potential strike notified by union leaders in April 2017.
2016-12-31restructuringcompleted2016United StatesU.S. Oil & Gas operationsUSD 85 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
FCX restructured its oil and gas business early in 2016 to reduce costs; $85 million of net restructuring charges were recorded in SG&A and an additional $6 million in production costs. Occurred in the same year most remaining oil and gas properties were sold. No affected-employee count disclosed.
2016-12-31divestiture_reductioncompleted2016United StatesU.S. Oil & Gas operationsother
f5-10k / GLM-5.3-flash-HTML
Haynesville shale sold July 25, 2016; Deepwater GOM sold December 15, 2016; onshore California sold December 30, 2016. Workforce transferred with the properties but headcount impact is not quantified in the filing.
2016-12-31divestiture_reductioncompleted2016-11-16Democratic Republic of CongoAfrica mining (Tenke Fungurume) — discontinued operationsUSD 198 (millions)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Sale of 70% interest in TFHL (owner of 80% of the Tenke mine) to China Molybdenum completed November 16, 2016 for $2.65 billion cash plus up to $120 million contingent consideration. Charge shown is the 2016 loss on disposal (includes a $33 million Gécamines settlement); workforce impact not quantified.
2016-12-31restructuringannounced2017-02Indonesia (Papua)Indonesia mining (PT-FI)subsequent_events
f5-10k / GLM-5.3-flash-HTML
After Indonesia did not approve concentrate exports and production was suspended on February 10, 2017, PT-FI announced it would significantly reduce its workforce and spending with local suppliers and suspend underground development investments; implementation had begun as of the February 24, 2017 filing date. No headcount or charge quantified.
2016-12-31restructuringcompletedUnited StatesOil & Gas operationsUSD 85 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program undertaken in early 2016 to reduce oil and gas costs; $85M charged to SG&A plus $6M to production costs. No employee count disclosed. Prior-year 2015 mining restructuring charges excluded.
2016-12-31divestiture_reductioncompleted2016-11-16Democratic Republic of CongoAfrica mining (Tenke Fungurume / TFHL)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale to China Molybdenum completed; reported as discontinued operations. Headcount removed not disclosed.
2016-12-31divestiture_reductioncompleted2016-12-15United States (Gulf of Mexico)U.S. Oil & Gas operationsdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sold to Anadarko; buyer assumed abandonment obligations. Headcount removed not disclosed.
2016-12-31divestiture_reductioncompleted2016-12-30United States (California)U.S. Oil & Gas operationsdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sold to Sentinel Peak Resources. Headcount removed not disclosed.
2016-12-31divestiture_reductioncompleted2016-07-25United States (Louisiana/Texas)U.S. Oil & Gas operationsdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Headcount removed not disclosed.
2016-12-31divestiture_reductioncompleted2016-05-31United States (Arizona)North America copper mines (Morenci)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of an additional 13 percent undivided interest to SMM Morenci; FCX interest reduced from 85% to 72%. Headcount impact not disclosed.
2016-12-31restructuringannouncedIndonesiaIndonesia mining (PT-FI)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Post-year-end action disclosed as of 2017-02-24 filing: PT-FI began cutting its workforce and local supplier spending, suspending underground development and new smelter investment, and planning production cuts of about 60% from normal levels. No headcount or charge quantified.
2016-12-31otherin_progress2017-01-19IndonesiaPT Smelting (smelter and refinery, Gresik)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Labor strike shut down PT Smelting from 2017-01-19; smelter expected to resume March 2017. Strike-related headcount not disclosed.
2016-12-31restructuringcompleted2016-01-012016-12-31GlobalOil and Gas OperationsUSD 85 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Net restructuring charges of $85 million associated with oil and gas operations.
2016-12-31restructuringcompleted2016-01-012016-12-31GlobalMining OperationsUSD 6 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Charges at mining operations for metals inventory adjustments, PT-FI asset retirement and Cerro Verde social commitments.
2016-12-31restructuringin_progressCorporate And Eliminations [Member]USD 85,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-12-31restructuringin_progressCost of Sales [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-12-31restructuringin_progressSelling, General and Administrative Expenses [Member]USD 85,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-09-30restructuringin_progressUnited StatesOil & Gas OperationsUSD 38 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Net restructuring-related charges of $38 million for the first nine months of 2016 associated with oil and gas operations. Employee count not disclosed.
2016-09-30restructuringin_progressNorth AmericaCopper MinesUSD 75 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Asset impairment and restructuring charges totaling $75 million at other North America copper mines for the first nine months of 2015 (comparative period). Included for context of ongoing cost reduction initiatives mentioned in MD&A, but no specific 2016 employee count provided.
2016-06-30restructuringin_progressUnited StatesU.S. Oil & Gas OperationsUSD 37 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
SG&A included $37M in Q2 2016 for workforce reductions and other restructuring costs at oil and gas operations; no employee count disclosed. YTD charge was $39M.
2016-06-30othercompletedUnited StatesU.S. Oil & Gas Operations — Drilling Rig ContractsUSD 639 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Termination and settlement of three deepwater drillship contracts with Noble and Rowan; $1.1B commitments settled for $755M ($540M in stock). Contractor/vendor contracts, not employee headcount action. Net charge of ~$0.6B recorded in Q2 2016.
2016-06-30restructuringcompleted2016-06-302016-06-30United StatesOil and GasUSD 37 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Charges associated with workforce reductions and other restructuring costs at oil and gas operations.
2016-03-31restructuringannounced25%2016-04-01United StatesOil & Gas OperationsUSD 40 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 25% oil and gas workforce reduction announced April 2016 alongside new management structure; charge expected in Q2 2016. Absolute headcount not disclosed.
2016-03-31restructuringannounced25%2016-04United StatesOil and GasUSD 40 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Announced in April 2016: 'approximate 25 percent oil and gas workforce reduction' with expected charge of 'approximately $40 million in second-quarter 2016 associated with workforce reductions and other restructuring costs.'
2015-12-31restructuringcompleted2015-12-31GlobalMining operationsUSD 46 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance and benefit costs recorded in 2015 due to revised mine operating plans and workforce reductions. Filer does not disclose number of employees affected.
2015-12-31voluntary_separationcompleted2015-12-31GlobalCorporate / Mining operationsUSD 22 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Special retirement benefits charge in 2015 related to revised mine operating plans and workforce reductions. Employee count not disclosed.
2015-12-31othercompleted2015-12-31United StatesExecutiveUSD 18 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Includes $16 million charge to SG&A for retirement of one executive officer in December 2015, plus $2 million to net loss attributable to common stockholders. One executive retired with a $27 million lump sum payable in 2016.
2015-12-31restructuringcompleted2015-01-012015-12-31GlobalMining OperationsUSD 156 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Charges at mining operations for impairment, restructuring and other net charges totaling $156 million. Revised operating plans included production curtailments and workforce reductions.
2015-12-31restructuringcompleted2015-01-012015-12-31GlobalCorporateUSD 18 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Charges for executive retirement benefits totaling $18 million.
2015-12-31restructuringin_progressUSD 46,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-09-30restructuringin_progress2015-07-01United StatesMining operations — North America copper mines and other operationsUSD 36 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2015 charge for special retirement benefits and restructuring, mainly employee severance and benefit costs, tied to revised operating plans. No employee count disclosed.
2015-09-30restructuringin_progress2015-07-01United StatesMining operations — Tyrone mine impairmentUSD 59 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Asset impairment charge at Tyrone mine (New Mexico) recorded in Q3 2015 as part of revised operating plans; no employee count disclosed.
2015-09-30otherannounced2015-10-01United StatesMining operations — Sierrita mine (Arizona)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
October 2015 plan to reduce Sierrita mine to 50% of current operating rate; full shutdown under evaluation. No headcount impact quantified.
2015-09-30restructuringannounced2015-07-01GlobalMining operations — Miami, Tyrone, El Abra, Henderson, Tenke; corporateMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Revised operating plans include workforce reductions across multiple sites: Miami mine suspension, 50% Tyrone reduction, 50% El Abra reduction, 35% Henderson reduction, Tenke capital deferrals, and corporate cost reductions. No employee counts disclosed.
2015-09-30restructuringcompleted2015-09-30North AmericaMining OperationsUSD 36 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Charges of $36 million recorded in Q3 2015 related to special retirement benefits and restructuring charges, primarily for employee severance and benefit costs, in connection with revised operating plans.
2015-09-30restructuringin_progressUSD 36,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-09-30othercompleted2014-10-27IndonesiaIndonesia mining (Grasberg)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union notified PT-FI of intent to conduct a 30-day strike beginning November 6, 2014; strike was canceled on October 31, 2014 following dialogue with union leadership. Prior work stoppage by Grasberg open-pit operators reduced October production.
2014-09-30divestiture_reductioncompleted2014-10-062014-11-03ChileSouth America mining (Candelaria/Ojos del Salado)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of 80% interests in Candelaria and Ojos del Salado to Lundin Mining for $1.8 billion cash plus contingent consideration; completed November 3, 2014. No employee count disclosed for the divested operations.
2014-09-30othercompleted2014-10-27IndonesiaMining OperationsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Union leadership indicated intention to conduct a 30-day strike beginning November 6, 2014. Following dialogue, union leadership advised on October 31, 2014, that all strike actions had been canceled.
2014-03-31otherannounced2014-01-12IndonesiaIndonesia MiningMD&A
f5-10q / Qwen3.6-27B-Q8_0
PT-FI intends to implement plans to reduce operating costs, defer capital expenditures and implement workforce reductions if unable to conduct normal operations for an extended period due to export restrictions.
2013-12-31acquisition_additioncompleted2012-12-052013-06-03United StatesU.S. oil and gas operationsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
PXP acquired May 31, 2013 and MMR June 3, 2013; headcount added not quantified in the filing.
2013-12-31restructuringcompleted2013-12-312013-12-31United StatesCorporateUSD 37 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Charge of $37 million ($23 million to common stockholders, $0.02 per share) recorded in Q4 2013; a special retention award of one million RSUs granted to the executive.
2013-12-31othercompleted2013-11-302014-09-01PeruCerro Verde mining operationsUSD 36 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
New four-year labor agreement entered November 2013, effective upon expiration of current agreement beginning September 1, 2014; charge equals $0.03 per pound of copper.
2013-12-31restructuringcompleted2013-12-312013-12-31GlobalExecutiveUSD 37 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Charge for restructuring an executive employment arrangement.
2013-06-30acquisition_additioncompleted2013-05-312013-05-31United StatesOil & Gasbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
FCX completed acquisition of Plains Exploration & Production Company on May 31, 2013 for $6.6 billion. No employee headcount added is disclosed.
2013-06-30acquisition_additioncompleted2013-06-032013-06-03United StatesOil & Gasbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
FCX completed acquisition of McMoRan Exploration Co. on June 3, 2013 for $3.1 billion. No employee headcount added is disclosed.
2013-06-30acquisition_additioncompleted2013-03-292013-03-29FinlandMining — Cobalt Chemical Refinerybusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of cobalt chemical refinery in Kokkola, Finland completed March 29, 2013 for $382 million. No employee headcount added is disclosed.
2012-12-31othercompleted2012ChileCandelaria mine (South America mining)USD 16 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Labor agreement costs at Candelaria (union agreement); recorded in fourth-quarter 2012, with $8 million net to FCX common stockholders. No affected-employee count disclosed.
2012-12-31othercompleted2012IndonesiaIndonesia mining (PT Freeport Indonesia)other
f5-10k / GLM-5.3-flash-HTML
Work interruptions and a temporary suspension of operations during first-quarter 2012 as PT Freeport Indonesia worked to resume normal operations following the strike concluded in December 2011; no headcount impact disclosed.
2012-12-31acquisition_additionannounced2012-12-05United StatesOil & Gas (McMoRan Exploration Co. and Plains Exploration & Production Company)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FCX entered into merger agreements on 2012-12-05 to acquire McMoRan and PXP; both pending at filing. No headcount added or associated workforce figures disclosed in this Amendment.
2012-03-31othercompleted2011-12-152012-06-30IndonesiaPT Freeport Indonesia mining operationsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximate three-month strike at Grasberg ended with a two-year labor agreement reached mid-December 2011; Q1 2012 work interruptions and temporary suspension of operations followed while ramping up, with full operations expected during Q2 2012. Estimated impact of about 80 million pounds of copper and 125 thousand ounces of gold. No employee count disclosed.
2012-03-31otherin_progress2011-12-152012-06-30IndonesiaIndonesia MiningMD&A
f5-10q / Qwen3.6-27B-Q8_0
Labor-related work interruptions and temporary suspension of operations at PT Freeport Indonesia following an approximate three-month strike. New labor agreement reached mid-December 2011. Operations ramping up; full operations expected Q2 2012.
2011-12-31othercompleted2011-07-012011-12-31IndonesiaPT Freeport Indonesia — Grasberg minerals districtItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Labor disruptions comprising an eight-day work stoppage in July 2011 and an approximate three-month strike concluding December 2011, involving civil unrest, transportation blockades, sabotage and violence; milling operations were temporarily suspended in Q4 2011 after damage to concentrate and fuel pipelines. Exact strike start date not disclosed. Estimated impact of the labor and pipeline disruptions was 235 million pounds of copper and 275 thousand ounces of gold in 2011.
2011-12-31othercompleted2011-12-152011-12-31IndonesiaPT Freeport IndonesiaUSD 66 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
New two-year labor agreement reached mid-December 2011: base wages up 24% in year one and 13% in year two, plus a bonus equal to three months of base wages; $66 million 2011 impact for bonuses and other strike-related employee costs. Consolidated 2011 charges for bonuses under new labor agreements at PT Freeport Indonesia, Cerro Verde and El Abra totaled $116 million ($50 million to net income attributable to common stockholders).
2011-12-31othercompleted2011-10-012011-12-31PeruCerro Verde mineUSD 50 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximate two-month labor strike in Q4 2011 during negotiation of a new labor agreement; new three-year agreement reached late December 2011. Strike did not have a significant production impact. The $50 million December 2011 bonus payment covers employees at both Cerro Verde and El Abra and is not allocated between the two; exact strike dates not disclosed.
2011-12-31othercompleted2011-10-012011-12-31ChileEl Abra mineMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
New four-year labor agreement negotiated in Q4 2011, replacing the agreement scheduled to expire in July 2012. Covered by the combined $50 million December 2011 bonus payment recorded with the Cerro Verde agreement. Exact announcement date not disclosed.
2011-12-31otherannounced2012-02-23IndonesiaPT Freeport Indonesiasubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Post-fiscal-year-end event disclosed in Item 1 and MD&A narrative rather than a subsequent-events footnote: on February 23, 2012 the union indicated a work stoppage and the company temporarily suspended operations to protect employees and assets following intimidation within the workforce; 2012 Indonesia sales volume projections (930 million pounds of copper and 1.1 million ounces of gold) were placed under review.
2011-09-30otherin_progress2011-09-152011-12-15IndonesiaPT Freeport Indonesia — Indonesia MiningMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Ongoing strike by PT Freeport Indonesia union workers commenced September 15, 2011; union notified company of intent to extend through December 15, 2011. Followed an eight-day strike in July 2011. Force majeure declared on certain concentrate sales contracts. No employee count disclosed.
2011-09-30otherin_progress2011-09-29PeruCerro Verde — South America MiningMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cerro Verde union workforce commenced a series of strike actions, most recent beginning September 29, 2011, in connection with collective bargaining agreement renewal. Production of copper and molybdenum not materially affected. No employee count disclosed.
2011-09-30otherin_progress2011-09-152011-12-15IndonesiaIndonesia Mining (PT Freeport Indonesia)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Ongoing labor strike commenced September 15, 2011. Union notified intent to extend strike to December 15, 2011. Operations conducted at reduced rates.
2011-09-30otherin_progress2011-09-29PeruSouth America Mining (Cerro Verde)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Union workforce commenced strike actions on September 29, 2011. Production not materially affected.
2011-06-30othercompleted2011-07-012011-07-11IndonesiaIndonesia mining (PT Freeport Indonesia)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Eight-day union labor strike in July 2011 suspended mining, milling, and concentrate shipments; agreement reached July 11, 2011. Estimated 2011 production impact of 35 million pounds copper and 60 thousand ounces gold. Collective labor agreement renewal negotiations commenced for October 2011.
2011-06-30otherin_progress2011-10-31IndonesiaIndonesia mining (PT Freeport Indonesia)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Bi-annual renewal of collective labor agreement with union workers scheduled for October 2011; negotiations commenced.
2011-06-30othercompleted2011-07-012011-07-11IndonesiaMining OperationsMD&A
f5-10q / Qwen3.6-27B-Q8_0
PT Freeport Indonesia union workers commenced an eight-day labor strike in July 2011, leading to temporary suspension of mining, milling, and concentrate shipments. Agreement reached on July 11, 2011 to end strike.
2010-12-31restructuringcompleted4,5002008-12-312009-12-31North AmericaMining OperationsUSD 32 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Workforce reductions of approximately 3,000 employees related to fourth-quarter 2008 revised operating plans and approximately 1,500 employees related to January 2009 revised operating plans. Restructuring costs of $32 million recognized in 2009 for contract termination, project cancellation, and employee severance.
2010-09-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2010-06-30otherin_progress2010-05-01Democratic Republic of CongoAfrica mining (Tenke Fungurume)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Labor agreement covering all national Tenke Fungurume employees came up for review in May 2010; negotiations ongoing. No employee count or outcome disclosed.
2010-06-30othercompleted2010-04-01United StatesRod & Refining (Bayway, New Jersey)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
New three-year labor contract successfully negotiated in April 2010 with certain employees at Bayway specialty copper products facility. No employee count disclosed.
2010-06-30otherin_progress2010-05-01Democratic Republic of CongoAfrica Mining (Tenke Fungurume)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Negotiating labor agreement covering all national Tenke Fungurume employees, which came up for review in May 2010.
2010-06-30othercompleted2010-04-01United States (New Jersey)Rod & Refining (Bayway)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Successfully negotiated a new three-year labor contract with certain employees at Bayway specialty copper products facility.
2010-06-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2010-06-30restructuringin_progress Rod Refining SegmentsUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2010-03-31restructuringcompletedGlobalVariousUSD 25 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Filing reports $25 million in restructuring and other charges for Q1 2010, primarily reflecting higher incentive compensation costs and adjustments to prior-year results. No specific employee count or RIF details are provided for the current quarter.
2010-03-31othercompleted2010-04-01New JerseyRod & RefiningMD&A
f5-10q / Qwen3.6-27B-Q8_0
Successfully negotiated a new three-year labor contract with certain employees at Bayway specialty copper products facility in April 2010.
2010-03-31restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2009-12-31restructuringcompleted1,5002009-01-312009-12-31GlobalMining operations — curtailed facilities across North America, South America, and Molybdenum operationsUSD 17 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
January 2009 revised operating plans; workforce reductions of approximately 1,500 employees. Additions of $17M in 2009, payments of $16M in 2009; balance at year-end $1M. Announcement date approximate (January 2009).
2009-12-31restructuringin_progress2008-10-012009-12-31GlobalMining operations — curtailed facilities across North America, South America, and Molybdenum operationsUSD 12 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Fourth-quarter 2008 program (approximately 3,000 employees affected in prior year). FY2009 activity: additions/adjustments of $12M and payments of $50M. Only current-year activity captured.
2009-12-31restructuringcompleted4,5002008-12-312009-12-31GlobalMining and CorporateUSD 32 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Workforce reductions of approximately 3,000 employees related to fourth-quarter 2008 revised operating plans and approximately 1,500 employees related to January 2009 revised operating plans. Restructuring costs of $32 million recognized in 2009 for contract termination, project cancellation, and employee severance.
2009-09-30restructuringcompleted3,0002008-12-31United States (North America copper mines; Colorado)North America copper mines and Molybdenum operationsrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 3,000 employees reduced under fourth-quarter 2008 revised operating plans; includes contract termination, project cancellation and severance costs. Additions/adjustments of $12M and payments of $50M in 2009; less than $1M liability remained at 2009-09-30. Announcement date is approximate (quarter of the revised plans).
2009-09-30restructuringcompleted1,5002009-01-31United States (North America copper mines; Colorado)North America copper mines and Molybdenum operationsrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 1,500 employees reduced under January 2009 revised operating plans. Additions/adjustments of $17M and payments of $16M in 2009; $1M liability remained at 2009-09-30. Announcement date is approximate (month of the revised plans).
2009-09-30otherin_progress2009-10-31United States (Arizona)North America copper mines — Miami mine restartMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
October 2009 announcement to resume limited mining at the Miami mine, ramping to about 100 million pounds of copper per year by second half of 2011; investment of about $40 million. Workforce addition implied but no headcount disclosed. Announcement date approximate (October 2009).
2009-09-30restructuringcompleted4,5002008-10-012009-09-30North AmericaMining OperationsUSD 32 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidated count of approx. 3,000 employees (Q4 2008 plans) and approx. 1,500 employees (Jan 2009 plans). Charges include contract termination, project cancellation, and severance. Liabilities remaining at Sept 30, 2009 were less than $2 million total.
2009-09-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2009-06-30restructuringin_progress3,0002008-12United StatesNorth America copper mines and Molybdenum operationsrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 3,000 employees reduced under Q4 2008 plans (Morenci, Safford, Tyrone, Chino curtailments; Henderson molybdenum reduction). Filing discloses only the quarter of announcement. Aggregate restructuring charges of $32 million ($31 million to common stockholders, $0.07 per diluted share) were recognized in the first six months of 2009 across both programs, partly offset by $9 million of pension/postretirement gains; the charge is not broken out by program. Remaining severance liability of $5 million at 2009-06-30.
2009-06-30restructuringin_progress1,5002009-01United StatesNorth America copper minesrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 1,500 employees reduced under January 2009 plans; footnote table shows the associated liabilities concentrated at Morenci (additions of $17 million, payments of $14 million, $3 million remaining at 2009-06-30). Announcement month disclosed; day not disclosed. See first record for the combined $32 million H1 2009 charge.
2009-06-30othercompleted2009-03SpainAtlantic Copper Smelting & RefiningMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining agreement covering certain Atlantic Copper employees, retroactive to 2008-01-01, replacing a contract that expired in December 2007. No headcount or charge disclosed.
2009-06-30otherannounced2009-07PeruSouth America copper mines — CandelariaMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Subsequent-event collective bargaining outcome; agreements effective 2009-08-01, replacing existing contracts expiring in fourth-quarter 2009. Announcement day not disclosed.
2009-06-30otherannounced2009-07IndonesiaIndonesia mining — PT Freeport IndonesiaMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Subsequent-event collective bargaining outcome; agreement effective 2009-10-01, replacing the existing contract expiring in October 2009. Announcement day not disclosed.
2009-06-30otherannounced2009-07-11IndonesiaIndonesia mining — Grasberg mining complexother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Security incident disclosed as a risk-factor update: three killed (including one PT Freeport Indonesia employee) and several injured; movement of personnel and supplies restricted. Not a restructuring; recorded here as a material workforce/safety event. Period spans 2009-07-11 to 2009-07-22.
2009-06-30restructuringin_progress3,0002008-12-31North America, South America, Africa, CorporateMining, CorporateUSD 32 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Workforce reductions related to fourth-quarter 2008 revised operating plans. Includes contract termination, project cancellation, and severance costs.
2009-06-30restructuringin_progress1,5002009-01-31North AmericaMiningrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Workforce reductions related to January 2009 revised operating plans. Specific charge amount for this sub-component is not isolated from the total YTD restructuring charges in the text, though total YTD restructuring charges were $32 million.
2009-06-30restructuringin_progressUSD -2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2009-03-31restructuringin_progress3,0002008-12-31United States (North America copper mines, Molybdenum, Rod & Refining, Corporate)Mining operations and corporaterestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 3,000 employees reduced under fourth-quarter 2008 revised operating plans; announcement date is approximate (quarter of announcement, exact date not disclosed). First-quarter 2009 total restructuring charges were $34 million across both programs, not allocated between them.
2009-03-31restructuringin_progress1,5002009-01-31United States (North America copper mines)Mining operationsrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 1,500 employees reduced under January 2009 revised operating plans; announcement date is approximate (month of announcement, exact date not disclosed). Severance and benefit costs for this program totaled $15 million of additions in Q1 2009 (Morenci).
2009-03-31restructuringin_progress4,5002008-10-01GlobalMining and CorporateUSD 34 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Includes ~3,000 employees from Q4 2008 plans and ~1,500 from Jan 2009 plans. Charges include severance, contract termination, and project cancellation costs.
2009-03-31restructuringin_progressUSD 25,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2008-12-31restructuringcompleted3,0002008-12Primarily United States; smaller components in South America (Peru, Chile) and the Democratic Republic of CongoNorth America copper mines; South America copper mines; Africa mining; Molybdenum; Rod & Refining; Corporate & otherUSD 50 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Fourth-quarter 2008 revised operating plans in response to sharply lower copper and molybdenum prices, covering rate reductions at Morenci, Safford and Tyrone, the Chino suspension and a Henderson production cut. Employee count is approximate per the filer. Charge covers employee severance and benefits, contract terminations and project cancellations; segment allocation per Note 2: North America copper mines $23M (incl. Morenci $3M severance), South America $7M, Africa $2M, Molybdenum $4M, Rod & Refining $4M, Corporate & other $10M. $12M of the liability was paid in 2008, leaving $38M at year-end. A separate $61M pension/postretirement charge for special retirement benefits and curtailments accompanied the reductions, and additional curtailments were announced in January 2009.
2008-12-31plant_closurecompleted2008-12New Mexico, United StatesNorth America copper minesItem_1_Business
f5-10k / GLM-5.3-flash-HTML
Mining and milling activities suspended and the mine placed on care-and-maintenance status in December 2008 amid weak market conditions; concentrate production had already been suspended in late 2008. Employee impact not separately quantified; the site is part of the broader 2008 restructuring program.
2008-12-31plant_closurecompleted2008Chicago, Illinois, United StatesRod & RefiningItem_1_Business
f5-10k / GLM-5.3-flash-HTML
Disclosed as a permanent closure occurring in late 2008 amid weak rod-market conditions, as part of the fourth-quarter revised operating plans. The Rod & Refining segment recorded $4M of employee severance under the Q4 2008 restructuring, though the filing does not attribute that amount solely to this closure.
2008-12-31otherin_progress2009-01Huelva, SpainAtlantic Copper Smelting & RefiningMD&A
f5-10k / GLM-5.3-flash-HTML
Union labor contract expired December 2007 and was provisionally extended during unsuccessful renegotiations throughout 2008; the site had 179 union-represented employees per the Labor Matters table. The union strike began in January 2009, after fiscal year-end, and the filer reported no material impact on operations as of filing.
2008-12-31restructuringin_progress3,0002008-12-31Global (North America, South America, Africa, Corporate)Multiple — North America Copper Mines, South America Copper Mines, Africa, Molybdenum, Rod & Refining, CorporateUSD 50 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Restructuring charge of $50M for employee severance, contract termination and project cancellation costs; reflects workforce reductions of approximately 3,000 employees. Related pension/postretirement special benefits and curtailment charges of $61M recorded separately. Driven by curtailments at Morenci, Safford, Tyrone, Chino, Henderson and deferred projects at Sierrita, Bagdad, Miami, Cerro Verde, El Abra and Climax.
2008-12-31plant_closurecompleted2008-12-01New Mexico, United StatesNorth America Copper Mines — ChinoItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Chino mine placed on care-and-maintenance status in December 2008 with suspension of mining and milling activities. Workforce impact not separately quantified; included within the ~3,000 restructuring total.
2008-12-31plant_closureannounced2008-12-01Arizona, United StatesRod & Refining — Chicago rod millItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Chicago, Illinois rod mill permanently closed in late 2008. Workforce impact not separately quantified.
2008-12-31otherannounced2009-01-01Huelva, SpainAtlantic Copper Smelting & Refiningother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Union at Atlantic Copper went on strike in January 2009 after labor contract expired December 2007 and renegotiation failed; strike had not materially impacted operations as of filing date.
2008-12-31restructuringcompleted3,0002008-12-31GlobalVariousUSD 50 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Workforce reductions of approximately 3,000 employees associated with revised operating plans in Q4 2008. Restructuring charge of $50 million for employee severance, benefit costs, contract termination, and project cancellation costs.
2008-03-31othercompleted2008-04-302008-08-01ChileMining OperationsUSD 40 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
El Abra successfully negotiated a new four-year labor agreement effective August 1, 2008, with estimated cost of increased wages and bonuses of approximately $40 million over the term.
2007-12-31acquisition_additioncompleted2006-11-192007-03-19Global (North America, South America, Africa)Copper and molybdenum mining operationsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FCX acquired Phelps Dodge on 2007-03-19 for approximately $26 billion; no employee headcount added through the acquisition is disclosed.
2007-12-31divestiture_reductioncompleted2007-10-31InternationalPhelps Dodge International Corporation (wire and cable business)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
PDIC sold for $735 million on 2007-10-31 and reclassified to discontinued operations; no associated headcount reduction disclosed.
2007-12-31acquisition_additioncompleted2007-03-192007-03-19GlobalAll segmentsItem 1_Business
f5-10k / Qwen3.6-27B-Q8_0
Acquired Phelps Dodge Corporation on March 19, 2007. Specific headcount added not disclosed in this filing.
2007-12-31divestiture_reductioncompleted2007-10-312007-10-31GlobalPhelps Dodge International CorporationItem 7_MD&A
f5-10k / Qwen3.6-27B-Q8_0
Sold Phelps Dodge International Corporation (PDIC) on October 31, 2007. Specific headcount removed not disclosed in this filing.
2007-09-30acquisition_additioncompleted2007-03-19GlobalAll segmentsbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Phelps Dodge completed March 19, 2007. Filing notes that eligible employees for incentive plans increased by over 200, but does not disclose total headcount added.
2007-09-30divestiture_reductioncompleted2007-09-122007-10-31GlobalPhelps Dodge International Corporation (PDIC)discontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Agreement to sell PDIC entered Sept 12, 2007; transaction completed Oct 31, 2007. Headcount removed not explicitly quantified.
2007-06-30acquisition_additioncompleted2006-11-192007-03-19Global (North America, South America, Asia, Africa, Europe)All segments — North American mining, South American mining, Atlantic Copper, PDICbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
FCX acquired Phelps Dodge Corporation on March 2007-03-19 for $25.8 billion. No specific headcount added is disclosed. Filing notes over 200 additional people became eligible for stock incentive plans as a result.
2007-06-30othercompleted2007-07-112007-07-17Peru (Arequipa Region)Cerro Verde mineMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Nationwide strike called by Peruvian mining unions and civil associations; Arequipa Region unions called an unlimited strike from July 11–17, 2007. Cerro Verde executed an emergency plan to maintain operations. No employee count disclosed.
2007-06-30acquisition_additioncompleted2007-03-19GlobalAll segmentsbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Phelps Dodge completed March 19, 2007. Note 11 states that the number of employees eligible for stock awards increased by 'over 200 people' due to the acquisition. Total headcount added is not explicitly quantified in the 10-Q.
2007-06-30othercompleted2007-07-112007-07-17PeruSouth American Mining (Cerro Verde)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Nationwide strike in Peru began July 11, 2007, and lasted through July 17, 2007. Cerro Verde executed an emergency plan to maintain operations. Specific employee counts affected are not disclosed.
2007-06-30othercompleted2007-07-012009-09-01IndonesiaIndonesian Mining (PT Freeport Indonesia)MD&A
f5-10q / Qwen3.6-27B-Q8_0
PT Freeport Indonesia and its workers agreed to terms for a new two-year labor agreement in July 2007, expiring September 2009. Estimated annual wage increase is approximately $40 million.
2007-03-31acquisition_additioncompleted2006-11-192007-03-19North America, South America, internationalAll segments (copper, molybdenum, manufacturing)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
FCX acquired Phelps Dodge Corporation on March 2007-03-19; no employee headcount added is disclosed in this filing.
2007-03-31othercompleted2007-04-182007-04-21Indonesia (Papua)Indonesian Mining (Grasberg)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Four-day peaceful worker protests over benefits reduced mining and milling rates; resolved April 21 with a minimum-wage framework agreement.
2007-03-31acquisition_additioncompleted2007-03-192007-03-19GlobalAll segmentsbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
FCX completed acquisition of Phelps Dodge on March 19, 2007. Specific headcount added is not disclosed in the 10-Q.
2007-03-31othercompleted2007-04-182007-04-21IndonesiaIndonesian MiningMD&A
f5-10q / Qwen3.6-27B-Q8_0
Peaceful protests by certain workers resulted in reduced mining and milling rates from April 18 to April 21, 2007. Agreement on framework for minimum wages resolved the issue.
2006-03-31othercompleted2006-02-012006-02-28Papua, IndonesiaMining and Exploration — PT Freeport Indonesia milling operationsUSD 2 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately four-day mill shutdown in February 2006 when illegal miners blocked a road; resolved peacefully by government authorities. $1.9M damage charge recorded ($1.0M to net income).
2005-12-31restructuringcompleted2004-10-012004-12-31SpainAtlantic CopperUSD 12 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Workforce reduction plan approved by Spanish authorities in December 2004. Charge includes termination benefits and severance.
2005-12-31restructuringcompleted2004-12-012005-06-30SpainSmelting and refining (Atlantic Copper, Huelva)USD 12 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Workforce reduction plan approved by Spanish Labour Authority in December 2004; $12.0M charge recorded in 2004 ($8.1M early-retirement termination benefits, $0.8M severance, $3.1M contract termination). $1.4M paid December 2004 with balance paid in first half of 2005. Headcount affected not disclosed. Charge is a prior-year amount; included here only because cash settlement completed within FY2005.
2005-12-31othercompleted2004-12-012004-12-31SpainSmelting and refining (Atlantic Copper, Huelva)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Four-day labor strike occurred in October 2004 over a workforce reduction plan; union issues resolved and plan implemented December 2004. Prior-year event referenced in FY2005 filing.
2004-12-31restructuringcompleted2004-12-31SpainSmelting and Refining — Atlantic CopperUSD 12 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cost reduction and operational enhancement plan submitted to the Spanish Labour Authority and approved in December 2004; charge comprises $8.1M early-retirement termination benefits, $0.8M severance and $3.1M contract termination costs; expected annual savings of about $8M. Number of employees affected is not disclosed.
2004-12-31othercompletedSpainSmelting and Refining — Atlantic Copper Huelva smelterItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Four-day labor strike in October 2004 at the Huelva smelter over a workforce reduction plan; union issues were resolved and the plan approved by Spanish authorities in December 2004. Exact dates and affected-employee counts not disclosed.
2004-12-31restructuringcompleted2004-10-012004-12-31SpainSmelting and Refining (Atlantic Copper)USD 12 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Workforce reduction plan approved by Spanish authorities in Dec 2004. Includes $8.1M termination benefits, $0.8M severance, $3.1M contract termination costs. Exact headcount not disclosed.
2004-09-30restructuringannounced2004-09-302004-12-31SpainSmelting and Refining (Atlantic Copper)USD 14 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cost reduction and operational enhancement plan includes workforce reductions; projected annual savings of approximately $6 million. Headcount not disclosed.
2004-09-30restructuringannounced2004-09-302004-12-31SpainSmelting and RefiningUSD 14 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Atlantic Copper expects to record an approximate $14 million charge related to workforce reductions expected to be implemented in the fourth quarter of 2004.
2004-09-30otherin_progress2004-10-01SpainSmelting and RefiningMD&A
f5-10q / Qwen3.6-27B-Q8_0
Atlantic Copper's fourth quarter production is expected to be adversely affected by 4 days of outages in October for a labor strike at its Huelva smelter facility.
2003-12-31acquisition_additioncompleted2003-07-012003-07-31IndonesiaPower generation (PT Puncakjaya Power)USD 68 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired the 85.7% interest in PT Puncakjaya Power from Duke Energy affiliates for $68.1 million cash net of cash acquired. Headcount added through the acquisition was not disclosed.
2003-06-30acquisition_additionannounced2003-07-01IndonesiaMining and exploration (power generation assets)USD 78 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
FCX acquired an 85.7% interest in PT Puncakjaya Power from Duke Energy affiliates for $78 million cash; no employee headcount disclosed for the acquired entity.
2002-12-31acquisition_additioncompleted1242002-10-012002-10-01United StatesCorporate and administrative services (FM Services Company)USD 1 (millions)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
FCX purchased the remaining 50 percent of FM Services from McMoRan for $1.3 million (purchase price, not a workforce charge), effective October 1, 2002, bringing ownership to 100 percent and FM Services into full consolidation. FM Services had 124 employees at December 31, 2002 following the transaction; these staff also continue to serve McMoRan and Stratus Properties, so the 124 reflects the acquired entity's year-end headcount rather than a stated net addition.
2001-09-30othercompleted2001-06-30IndonesiaPT Freeport Indonesia — hourly paid Indonesian employeesMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
New collective bargaining agreement ratified in June 2001, replacing agreement that expired September 30, 2001; new terms run through September 30, 2003. No headcount impact disclosed.
2000-12-31restructuringin_progressCorporate / general and administrativeUSD 8 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2000 net charges of $12.4M included $7.9M of personnel severance costs; headcount affected, announcement date and completion timing not disclosed. MD&A separately identifies $2.6M of personnel severance costs within general and administrative expenses.
2000-12-31othercompleted2000-12-31IndonesiaMiningUSD 8 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Personnel severance costs charged to operations in 2000.
2000-09-30restructuringcompletedGlobalGeneral and AdministrativeUSD 2 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Third-quarter 2000 general and administrative expenses include charges totaling $2.3 million related to personnel severance costs.
2000-09-30restructuringcompletedIndonesiaMining and ExplorationUSD 2 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Site production and delivery costs include charges totaling $2.3 million for personnel severance costs.
2000-06-30othercompleted42000-05-04IndonesiaMining and ExplorationUSD 3 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Wanagon overburden stockpile slippage incident resulted in four contractor fatalities and $2.9 million charged to production costs for assets lost.
2000-06-30voluntary_separationcompleted2000-06-30USD 1 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Six-month 2000 period included $0.8 million charge for personnel severance costs.
1999-12-31voluntary_separationcompletedUnited StatesCorporateUSD 4 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Early retirement program charge of $3.6 million included in $8.8 million of 1999 charges; no employee count disclosed
1999-12-31voluntary_separationcompleted19991999-12-31GlobalCorporateUSD 4 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Early retirement program charge of $3.6 million included in 1999 operating income charges.
1999-12-31restructuringcompleted19981998-12-31IndonesiaPT Freeport IndonesiaUSD 6 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Special termination benefits offered in 1998 following completion of expansion. Includes separation allowances, lump sum pension, and cash incentives. Recognized curtailment gain.
1999-09-30voluntary_separationin_progressCorporateUSD 1 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Nine-month 1999 G&A included a $1.2 million charge for a voluntary severance/early retirement program; no employee count or timing disclosed.
1999-09-30voluntary_separationcompletedGeneral and administrativeUSD 1 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Nine-month 1999 G&A expenses included a $1.2 million charge for a voluntary severance/early retirement program.
1999-06-30voluntary_separationcompletedNot specifiedCorporateUSD 1 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Second-quarter 1999 G&A included a $1.2 million charge for a voluntary severance/early retirement program; no employee count disclosed.
1999-06-30voluntary_separationcompletedUSD 1 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Charge for voluntary severance/early retirement program included in G&A expenses for Q2 1999.
1998-12-31voluntary_separationcompleted1998Indonesia — PT-FI operations (Irian Jaya)Mining and exploration (PT-FI)USD 5,873 (thousands)other
f5-10k / GLM-5.3-flash-HTML
PT-FI offered special termination benefits — separation and service allowances based on years of service, a lump-sum pension payment and other cash incentives — to certain employees as part of a restructuring program following completion of its latest expansion. The $5.9 million charge was recognized in 1998 net periodic pension benefit cost, partly offset by a $0.8 million curtailment gain under SFAS 88. Number of participating employees not disclosed; no explicit completion date given, but the charge was fully recognized in 1998.
1998-12-31othercompleted1998-08-111998-08-14Indonesia — Grasberg mine, Irian JayaMining and exploration (PT-FI) — mining and milling operationsItem_1_Business
f5-10k / GLM-5.3-flash-HTML
Three-day wildcat work stoppage over economic and other employment issues; a majority of participants were employees of PT-FI contractors seeking to become PT-FI employees. The union did not authorize the stoppage; workers voluntarily returned on August 14, 1998 (actual resolution date reflected in expected_completion_date). Concentrate shipments continued from inventory with no disruption; no injuries or property damage reported.
1998-12-31othercompleted1998-08-111998-08-14Indonesia (Irian Jaya)Grasberg mining and milling operationsItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Wildcat work stoppage suspended Grasberg operations Aug 11-14, 1998; majority of participants were contractor employees seeking PT-FI employment. Peaceful, no injuries or property damage; shipments continued from inventory.
1998-12-31othercompleted1998-01-011998-12-31Indonesia (Irian Jaya)PT-FI operationsrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
PT-FI offered special termination benefits to certain employees as part of a restructuring program after completing its latest expansion; included separation and service allowances, lump sum pension payment, and cash incentives. Number of employees affected not disclosed.
1998-12-31restructuringcompleted19981998-12-31IndonesiaPT-FINotes to Financial Statements - Note 9
f5-10k / Qwen3.6-27B-Q8_0
PT-FI offered special termination benefits to certain employees as part of a restructuring program following the completion of its latest expansion. Included separation allowances, lump sum pension payment, and cash incentives. Recognized a curtailment gain.
1998-09-30othercompleted1998-08-111998-08-14Irian Jaya, IndonesiaMining and exploration (PT-FI Grasberg mine)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Wildcat work stoppage by a group of workers, majority employed by PT-FI contractors, suspended mining and milling operations Aug 11; workers voluntarily returned Aug 14. Not authorized by the workers' union; no injuries or property damage. Number of affected workers not disclosed. Filing states no significant impact on 1998 projected sales volumes.
1998-09-30othercompleted1998-08-111998-08-14IndonesiaMining and ExplorationMD&A
f5-10q / Qwen3.6-27B-Q8_0
Wildcat work stoppage by a group of workers, majority contractors, suspended operations Aug 11-14. Workers voluntarily returned. No injuries or property damage. Shipments made from inventory.
1998-06-30othercompleted1998-08-111998-08-14Indonesia (Irian Jaya)Mining and exploration — Grasberg mine milling operationsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Wildcat work stoppage, mostly contractor employees; workers returned voluntarily Aug 14, 1998. No injuries or property damage; impact on 1998 sales volumes not yet ascertainable. Number of workers involved not disclosed.
1998-06-30othercompleted1998-08-111998-08-14IndonesiaMining and ExplorationMD&A
f5-10q / Qwen3.6-27B-Q8_0
Wildcat work stoppage by contractor employees at Grasberg mine; workers voluntarily returned to work on Aug 14. No injuries or fatalities reported.
1997-09-30voluntary_separationcompletedPT-FIUSD 2 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Early retirement program costs of $1.7 million ($1.2 million to production cost and $0.5 million to general and administrative expenses).
1997-06-30voluntary_separationcompletedPT-FIProduction and General & AdministrativeUSD 2 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Early retirement program costs of $1.7 million ($1.2 million to production cost and $0.5 million to G&A) incurred in the six-month period ended June 30, 1997. Employee count not disclosed.
1997-03-31voluntary_separationcompletedIndonesiaPT-FI operationsUSD 3 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Early retirement program charge of $3.0M ($2.3M to production cost, $0.7M to G&A); no employee count disclosed.
1997-03-31voluntary_separationcompletedIndonesiaProduction and General & AdministrativeUSD 3 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Costs related to an early retirement program; $2.3 million allocated to production cost and $0.7 million to general and administrative expenses.
1996-12-31voluntary_separationcompletedUnited StatesCorporateUSD 2 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Early retirement program charge of $1.7 million included in 1996 charges of $17.4 million. Employee count not disclosed.
1996-12-31voluntary_separationcompleted1996USD 2 (millions)Item 8. Financial Statements - Selected Financial and Operating Data Footnotes
f5-10k / Qwen3.6-27B-Q8_0
Charge of $1.7 million for an early retirement program included in 1996 operating income.
1996-12-31voluntary_separationcompleted1996USD 3 (millions)Item 8. Financial Statements - Quarterly Financial Information Footnotes
f5-10k / Qwen3.6-27B-Q8_0
Charge of $3.0 million for an early retirement program recognized in Q1 1996, reduced to $1.7 million in Q2 1996.
1996-09-30voluntary_separationin_progressUSD 2 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Early retirement program charge of $1.7 million within the $17.4 million of nine-month 1996 charges; split $1.2M to production cost and $0.5M to G&A. No employee count, announcement date, or location disclosed.
1996-09-30voluntary_separationcompletedIndonesiaPT-FIUSD 2 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Charges totaling $1.7 million for an early retirement program ($1.2 million to production cost and $0.5 million to general and administrative expenses). Employee count not disclosed.
1996-06-30voluntary_separationcompletedIndonesiaP.T. Freeport Indonesia (PT-FI)USD 2 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Early retirement program charge recognized in the six-month 1996 period ($1.2M to production cost, $0.5M to G&A); no employee count or timing disclosed. Charge recognized within the period implies execution, but the filing does not state a completion date.
1996-06-30voluntary_separationcompletedUSD 2 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Includes $1.7 million for an early retirement program ($1.2 million to production cost and $0.5 million to general and administrative expenses).
1996-03-31voluntary_separationin_progressIndonesiaPT-FI operations and corporate functionsUSD 3 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Early retirement program charge of $3.0 million, split $2.3 million to production cost and $0.7 million to general and administrative expenses; number of participating employees and program timing not disclosed.
1996-03-31voluntary_separationcompletedUSD 3 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Charges of $3.0 million for an early retirement program ($2.3 million to production cost and $0.7 million to general and administrative expenses).
1995-12-31voluntary_separationcompletedUnited StatesCorporateUSD 7 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Early retirement program charge of $7.3 million ($4 million to net income or $0.02 per share) included in 1995 charges. Employee count not disclosed.
1995-12-31voluntary_separationcompleted1995-01-011995-12-31GlobalGeneralUSD 7 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Early retirement program charge of $7.3 million included in 1995 operating income charges.
1995-09-30othercompleted1995-07-01SpainRTM OperationsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Labor strike at adjacent facility caused one-week smelter shutdown due to cooling water curtailment.