Cerro Verde

Freeport-McMoRan Provides Update on Cerro Verde Mine in Peru

Thursday, March 26, 2020 - 10:25pm

Cerro Verde is engaged in discussions with Peruvian government authorities regarding health protocols which would enable Cerro Verde to conduct limited operations during the state of emergency and position Cerro Verde for a return to normal operations as restrictions are lifted.

Key Points: 
  • Cerro Verde is engaged in discussions with Peruvian government authorities regarding health protocols which would enable Cerro Verde to conduct limited operations during the state of emergency and position Cerro Verde for a return to normal operations as restrictions are lifted.
  • Cerro Verde is a major contributor to the national and local economy and is one of the largest employers in the Arequipa region.
  • Freeport-McMoRan owns 53.56% of Cerro Verde, which operates one of the worlds largest concentrating facilities near Arequipa, Peru.
  • In 2019, Cerro Verde produced 1.0 billion pounds of copper and 29 million pounds of molybdenum.

Freeport-McMoRan Issues Statement on Government Declaration of National Emergency in Peru

Tuesday, March 17, 2020 - 2:32pm

Freeport-McMoRan Inc. (NYSE: FCX) announced today that the Peruvian Government has issued a Supreme Decree and declaration of a National Emergency in its efforts to contain the outbreak of COVID-19.

Key Points: 
  • Freeport-McMoRan Inc. (NYSE: FCX) announced today that the Peruvian Government has issued a Supreme Decree and declaration of a National Emergency in its efforts to contain the outbreak of COVID-19.
  • Freeport-McMoRan owns 53.56% of Cerro Verde, which operates one of the worlds largest concentrating facilities near Arequipa, Peru.
  • Cerro Verde will work closely with Government authorities to be prepared to restart operations as soon as possible.
  • Cautionary Statement Regarding Forward-Looking Statements: This press release contains forward-looking statements in which FCX discusses its potential future performance.