Last $38.71 USD
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

333 North Central Avenue

Phoenix, AZ 85004

United States

Phone: 602-366-8100


s a 40 percent interest in certain assets and future production exceeding specified annual amounts of copper, gold, and silver. The company also conducted exploration activities in Papua, Indonesia through two other entities, such as PT Nabire Bakti Mining (PTNBM) and PT Irja Eastern Minerals (Eastern Minerals), of which it owns 100 percent. PT-FI operates in the remote highlands of the Sudirman Mountain Range in the province of Papua, Indonesia, which is on the western half of the island of New Guinea. The Grasberg minerals district has three operating mines, such as the Grasberg open pit, the Deep Ore Zone (DOZ) underground mine and the Big Gossan underground mine. The DOZ mine fleet consists of approximately 200 pieces of mobile heavy equipment, which is capable of mining an average of 80,000 metric tons of material per day. The Big Gossan underground mine fleet consists of approximately 70 pieces of mobile heavy equipment, which includes 11 loaders and eight trucks used in development and production activities. Its Indonesia ore bodies are located within and around two main igneous intrusions, the Grasberg monzodiorite and the Ertsberg diorite. AFRICA In Africa, the company’s subsidiary, Tenke Fungurume Mining S.A.R.L. (TFM), operates the mines in the Tenke minerals district. In addition to copper, the Tenke minerals district also produces cobalt hydroxide. The company owns an effective 56 percent interest in TFM, with the remaining ownership interests held by Lundin Mining Corporation (Lundin) (an effective 24 percent interest) and La Générale des Carrières et des Mines (Gécamines), which is wholly owned by the DRC government (a 20 percent non-dilutable interest). TFM is entitled to mine in the DRC under an Amended and Restated Mining Convention (ARMC) with the DRC government. SMELTING FACILITIES AND OTHER MINING PROPERTIES The company’s wholly owned Atlantic Copper smelter and refinery is located on land concessions from the Huelva, Spain, port authorities, which are scheduled to expire in 2027. The design capacity of the smelter is approximately 300,000 metric tons of copper per year and the refinery has a capacity of 285,000 metric tons of copper per year. During 2013, Atlantic Copper treated approximately 869,400 million metric tons of concentrate and scrap and produced 224,300 metric tons of copper anodes from its smelter and 226,000 metric tons of copper cathodes from its refinery. PT Smelting: PT Smelting owns and operates the smelter and refinery. PT-FI, Mitsubishi Materials Corporation, Mitsubishi Corporation Unimetals Ltd. and JX Nippon Mining & Metals Corporation own 25 percent, 60.5 percent, 9.5 percent and 5 percent, respectively, of the outstanding PT Smelting common stock. During 2013, PT Smelting treated 967,800 metric tons of concentrate and produced 217,700 metric tons of copper anodes from its smelter and 214,300 metric tons of copper cathodes from its refinery. Miami Smelter: The company owns and operates a smelter at its Miami, Arizona, mining operation. The Miami smelter processes copper concentrate primarily from its Arizona copper mines. Rod & Refining Operations: The company’s Rod & Refining operations consist of conversion facilities located in North America, including a refinery in El Paso, Texas; rod mills in El Paso, Texas, Norwich, Connecticut, and Miami, Arizona; and a specialty copper products facility in Bayway, New Jersey. It refines its copper anode production from its Miami smelter at its El Paso refinery. The company’s El Paso refinery also produces nickel carbonate, copper telluride and autoclaved slimes material containing gold, silver, platinum and palladium. Molybdenum Conversion Facilities: The company processes molybdenum concentrates at its conversion plants in the U.S. and Europe into such products as technical-grade molybdic oxide, ferromolybdenum, pure molybdic oxide, ammonium molybdates and molybdenum disulfide. It operates molybdenum roasters in Sierrita, Arizona; Fort Madison, Iowa; and Rotterdam, the Netherlands. It operates a molybdenum pressure leach plant in Bagdad, Arizona. The company also produces ferromolybdenum for customers w


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