Stratrix
On the Record · Freeport-mcmoran

Freeport-mcmoran acquisitions, on the record

The businesses Freeport-mcmoran bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
PT Indonesia Papua Metal Dan Mineral (PTI) and the former Rio Tinto Joint Venture interests, to MIND ID
Word for word“On December 21, 2018, FCX completed the transaction with the Indonesia government regarding PT-FI’s long-term mining rights and share ownership (the 2018 Transaction).” 10-K for 2023
divestitureDecember 21, 2018—
Deepwater GOM oil and gas properties
Word for word“In December 2016, FCX’s sale of its Deepwater GOM oil and gas properties included up to $ 150 million in contingent consideration that was recorded at the total amount under the loss recovery approach.” 10-K for 2023
divestitureDecember 2016up to $ 150 million in contingent consideration
Phelps Dodge
Word for word“Phelps Dodge was acquired by FCX in 2007.” 10-K for 2023
acquisition2007—
Cerro Verde (additional ownership interest)
Word for word“In September 2024, we purchased 5.3 million shares of Cerro Verde common stock for a total cost of $210 million, increasing our ownership interest in Cerro Verde to 55.08% from 53.56%.” 10-K for 2024
acquisitionSeptember 2024—
PT Indonesia Papua Metal Dan Mineral (PTI) and former Rio Tinto Joint Venture interest
Word for word“On December 21, 2018, FCX completed the transaction with the Indonesia government regarding PT-FI's long-term mining rights and share ownership (the 2018 Transaction).” 10-K for 2024
divestitureDecember 21, 2018—
mining operations associated with FMC value beyond proven and probable mineral reserves
Word for word“FCX recorded $ 1.6 billion for VBPP in connection with its 2007 acquisition of FMC (excluding $ 0.6 billion associated with mining operations that were subsequently sold) and transferred $ 0.8 billion to proven and probable mineral reserves through 2024 (approximately $ 1 million in both 2024 and 2023).” 10-K for 2024
divestiture—$ 0.6 billion
PT Indonesia Papua Metal Dan Mineral (PTI)
Word for word“On December 21, 2018, FCX completed the transaction with the Indonesia government regarding PTFI’s long-term mining rights and share ownership (the 2018 Transaction).” 10-K for 2025
divestitureOn December 21, 2018—

Deal filings since 2016

Read from Freeport-mcmoran’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.