PROPERTY, PLANT, EQUIPMENT AND MINING DEVELOPMENT COSTS, NET

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment, Net [Abstract]

Property, Plant, Equipment and Mining Development Costs, Net

PROPERTY, PLANT, EQUIPMENT AND MINING DEVELOPMENT COSTS, NET

The components of net property, plant, equipment and mining development costs follow:



	December 31,
	2013			2012
Proven and probable mineral reserves	$	4,651		$	4,630
VBPP	1,044			1,067
Mining development and other	4,335			3,821
Buildings and infrastructure	4,334			3,811
Machinery and equipment	10,379			9,472
Mobile equipment	3,903			3,447
Construction in progress	5,603			3,402
Property, plant, equipment and mining development costs	34,249			29,650
Accumulated depreciation, depletion and amortization	(10,207		)	(8,651		)
Property, plant, equipment and mining development costs, net	$	24,042		$	20,999

FCX recorded $2.2 billion for VBPP in connection with the FMC acquisition in 2007 and transferred $22 million to proven and probable mineral reserves during 2013, none during 2012 and $762 million prior to 2012. Cumulative impairments of VBPP total $482 million, which were primarily recorded in 2008.

Capitalized interest primarily related to FCX's mining operations' capital projects totaled $105 million in 2013, $81 million in 2012 and $109 million in 2011.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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