Freeport-Mcmoran

Freeport-Mcmoran

Community score

-1.36 -55
Industry: Metals & Mining
Listing country: United States
Year added: 2018

Freeport-McMoRan Inc., established in 1988 through the merger of Freeport Minerals Company and McMoRan Oil & Gas Company, is a leading mining company with its headquarters in Phoenix, Arizona, in the United States. The primary business focus of Freeport-McMoRan lies in the mining and production of copper, although it also participates in the production of gold and molybdenum. The company is particularly recognized for its operational mines and the industrial commodities it produces, rather than traditional consumer brands seen in consumer goods sectors. With a global presence, Freeport-McMoRan's products are sold in key markets worldwide, notably in countries with significant manufacturing and construction industries requiring extensive use of copper and other industrial metals. Countries such as China, the United States, and various European nations are among the most important for the sale and distribution of the company's products. However, the reach of Freeport-McMoRan extends worldwide, with its commodities playing a critical role in a multitude of industries internationally. (Powered by AI)

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Freeport-Mcmoran

The global annual production capacity for scrap metal is about 125 million (Mn) tonnes (t)1. Metals like copper have an average lifespan of above 70 years2. Heavy metals such as nickel, copper, platinum, aluminum, lead, and others are environmenta...

Gift O. February 5th, 2024
20 ratings
Freeport-Mcmoran

Metals and minerals are a fundamental part of everyday life and are vital to the global economy, as they offer the basic materials needed for industrial processes and everyday life1. They are used to build homes and schools, generate heat and elec...

Ghulam G. January 5th, 2024
34 ratings
Freeport-Mcmoran

In order to ensure strong institutions and the well-being of society, governments spend a considerable amount of the state's budget on public goods and services, which are funded by taxes paid by individuals and corporations1. Corporate taxes acco...

Muhammad Aqib A. November 2nd, 2023
18 ratings
Freeport-Mcmoran

Around 3.3 billion people are employed globally as of 20221. Job creation is vital for society, as well as for the economy2. It fuels economic growth as the spending of wages leads to higher consumer spending3. It reduces poverty by providing soci...

Bayonle B. September 29th, 2023
24 ratings
Freeport-Mcmoran

Poor air quality cause 4.2 million (Mn) deaths a year1. The air emissions from industries contain harmful substances, such as nitrous oxides (NOx), sulfur oxides (SOx), particulate matter (PM), and volatile organic compounds (VOCs), that may negat...

S_ R. June 28th, 2023
18 ratings
Freeport-Mcmoran

Discrimination makes it harder for minorities to meet basic financial requirements1. People are often discriminated against based on age, race, ethnicity, etc2. Racial and ethnic discrimination is an unfair or differential treatment of people on t...

Muhammad Aqib A. June 22nd, 2023
24 ratings
Freeport-Mcmoran

Mining exerts pressure on all ecosystems1. As of 2022, mining used over 10 million (Mn) ha of land globally2. Mining leads to impacts like vegetation removal, erosion, landscape fragmentation, and biodiversity loss3. A stretch of 50 km can be dist...

Kithembe M. June 16th, 2023
32 ratings
Freeport-Mcmoran

Annually, the world generates 2 Bn tonnes (t) of solid municipal waste1. About 40% of the waste generated globally is managed improperly, dumped, or openly burned, while only 14% is recycled2. Landfilled waste releases greenhouse gases such as CO2...

Damola D. September 25th, 2023
34 ratings
Freeport-Mcmoran

The mining industry has killed or injured more people than any other industry, with about 15,000 miners killed each year3. The most common injuries in the industry include lifting injuries, lung & hearing damage, being hit by heavy machinery, fall...

Damola D. May 12th, 2023
30 ratings
Freeport-Mcmoran

Every year, around 4 trillion m3 of freshwater is consumed worldwide1. Only 3% of the total available water on Earth is freshwater, and only 0.5% is available for human consumption2. Industries use around 20% of the total water consumption3;p7. Pr...

Bayonle B. April 25th, 2023
74 ratings

Most negative / positive SDG

+2.65
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