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“Freeport is strongly positioned for the future as a leading producer of copper with large scale, geographically diverse operations and an exciting portfolio of growth projects to provide additional supplies of copper to a growing market. As we enter 2026, our team has a clear focus on restoring operations at Grasberg safely and sustainably, and on continuing to build values in the Americas through our innovative growth and efficiency initiatives.” – Kathleen Quirk, President and CEO. Learn more
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Our Leach to the Last Drop initiative is enhancing copper recovery with advanced, low-carbon techniques. We achieved our initial targeted run rate of 200 million pounds of copper per annum in 2023 and set a target to reach a run rate of 300 million pounds per annum by the end of 2025. Our ultimate goal of 800 million pounds per annum is the size of a major new mine with low capital investment required and low incremental operating costs. “At Freeport, we're really well positioned to capture the
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