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SUPPLEMENTARY MINERAL RESERVE INFORMATION (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2023
Mineral Industries Disclosures [Abstract]  
Schedule Of Estimated Recoverable Proven And Probable Reserves By Location
Estimated Recoverable Proven and Probable Mineral Reserves
at December 31, 2023
Coppera
(billion pounds)
Gold
(million ounces)
Molybdenum
(billion pounds)
North America44.7 0.6 2.66 
South America30.5 — 0.68 
Indonesiab
29.0 23.9 — 
Consolidated basisc
104.1 24.5 3.34 
Net equity interestb,d
75.1 12.2 3.02 
Note: Totals may not foot because of rounding.
a.Estimated consolidated recoverable copper reserves included 1.5 billion pounds in leach stockpiles and 0.3 billion pounds in mill stockpiles.
b.Estimated recoverable proven and probable mineral reserves from Indonesia reflect estimates of minerals that can be recovered through 2041. As a result, PT-FI’s current long-term mine plan and planned operations are based on the assumption that PT-FI will abide by the terms and conditions of the IUPK and will be granted the 10-year extension from 2031 through 2041 (refer to Note 13 for discussion of PT-FI’s IUPK). As a result, PT-FI will not mine all of these mineral reserves during the initial term of the IUPK. Prior to the end of 2031, PT-FI expects to mine 43% of its proven and probable recoverable mineral reserves at December 31, 2023, representing 47% of FCX’s net equity share of recoverable copper reserves and 49% of FCX’s net equity share of recoverable gold reserves.
c.Consolidated mineral reserves represent estimated metal quantities after reduction for joint venture partner interests at the Morenci mine in North America (refer to Note 3 for further discussion). Excluded from the table above were FCX’s estimated recoverable proven and probable mineral reserves of 329 million ounces of silver, which were determined using $20 per ounce.
d.Net equity interest mineral reserves represent estimated consolidated metal quantities further reduced for noncontrolling interest ownership (refer to Note 3 for further discussion of FCX’s ownership in subsidiaries). Excluded from the table above were FCX’s estimated recoverable proven and probable mineral reserves of 218 million ounces of silver.
Supplementary Reserve Information at 100% Basis by Location
Estimated Recoverable Proven and Probable Mineral Reserves
at December 31, 2023
Orea
(million metric tons)
Average Ore Grade
Per Metric Tona
Recoverable Proven and
Probable Mineral Reservesb
FCX’s
Interest		FCX’s
Interest		100%
Basis		Copper (%)Gold (grams)Molybdenum (%)Copper
(billion pounds)		Gold
(million ounces)		Molybdenum
(billion pounds)
North America         
Production stage:        
Morenci72%2,750 3,819 0.22—  0.01 12.6 — 0.23 
Sierrita100%2,398 2,398 0.23— 
c
0.02 10.0 0.1 0.99 
Bagdad100%2,473 2,473 0.35— 
c
0.02 15.9 0.2 0.89 
Safford, including
   Lone Star
100%1,038 1,038 0.40— — 6.7 — — 
Chino, including Cobre100%346 346 0.440.03— 2.7 0.3 — 
Climax100%149 149 — —  0.15 — — 0.46 
Henderson100%48 48 — —  0.16 — — 0.15 
Tyrone100%90 90 0.17—  — 0.3 — — 
Miami100%— — — —  — 0.1 
c
— — 
South America         
Production stage:        
Cerro Verde53.56%2,189 4,087 0.34—  0.01 27.0 — 0.68 
El Abra51%337 660 0.44—  — 3.5 — — 
Indonesiad
        
Production stage:      
Grasberg Block Cave48.76%379 777 1.020.68 — 14.7 11.3 — 
Deep Mill Level Zone48.76%163 333 0.800.63 — 4.9 5.3 — 
Big Gossan48.76%24 49 2.260.93 — 2.2 1.0 — 
Development stage:        
Kucing Liar48.76%188 385 1.050.92 — 7.1 6.3 — 
Total 100% basis16,653 107.7 24.5 3.40 
Consolidated basise
15,584     104.1 24.5  3.34 
FCX’s net equity interestf
12,571     75.1 12.2  3.02 
Note: Totals may not foot because of rounding.
a.Excludes material contained in stockpiles.
b.Includes estimated recoverable metals contained in stockpiles.
c.Amounts not shown because of rounding.
d.Estimated recoverable proven and probable mineral reserves from Indonesia reflect estimates of minerals that can be recovered through 2041. Refer to Note 13 for discussion of PT-FI’s IUPK.
e.Consolidated mineral reserves represent estimated metal quantities after reduction for Morenci’s joint venture partner interests (refer to Note 3 for further discussion).
f.Net equity interest mineral reserves represent estimated consolidated metal quantities further reduced for noncontrolling interest ownership (refer to Note 3 for further discussion of FCX’s ownership in subsidiaries).