Freeport-McMoRan Inc. (NYSE:FCX) Chief Executive Officer Richard Adkerson is considering all options including sale. Adkerson said, any strategic move is now possible, including acquisitions, partnerships, or even a sale of the entire company. Freeport is planning to remain an independent entity, Adkerson said October 4, 2018. “But if an opportunity for us to sell to another company would arise, and that would be good for our shareholders, you would see us trying to get the best deal we can get as opposed to being a company where management is trying to protect itself.” One possibility is acquisitions. While he wouldn’t rule that out, Adkerson said they are harder to justify than spending to expand the company’s existing portfolio of mining assets. “I would argue that we’re getting virtually no value at our share price today from our resources,” Adkerson said. Adkerson also said Freeport-McMoRan has never been afraid to make big purchases that make sense. “We stepped up and did the Phelps Dodge deal when nobody else was willing to,” he said. “That was two and a half times our size.” Freeport also is regularly approached by companies about partnerships, Adkerson said, and maintains a good relationship with Rio Tinto Group
Freeport-McMoRan Inc. specializes in the exploration and operation of copper and gold mines located primarily in the United States, Peru, Chile, Indonesia and Congo. Net sales break down by family of products as follows:
- copper (74.6%): refined copper and copper concentrates (4.1 billion ounces sold in 2023);
- gold (14.5%): 1,713,000 ounces sold;
- molybdenum (8.4%): 1.3 billion ounces sold;
- other (2.5%).
Net sales are distributed geographically as follows: the United States (31.8%), Switzerland (17.4%), Japan (15%), Spain (5.5%), Singapore (5.1%), China (4.7%), Indonesia (3.3%), Germany (3.1%), Chile (1.9%), the United Kingdom (0.7%), and other (11.5%).
FREEPORT-MCMORAN INC. 
