NORTH AMERICA

The company commissioned the L. William Seidman Research Institute at Arizona State University to develop annual economic impact reports for counties and states in the United States where the company has operations. Fact sheets from the reports are provided below.

Arizona

• Impact of Freeport-McMoRan on the Economy of  Arizona
• Impact of Freeport-McMoRan on the Economy of Cochise County
• Impact of Bagdad Operations on the Economy of Yavapai County and Arizona
• Impact of Miami Operations on the Economy of Gila County and Arizona
• Impact of Morenci Operations on the Economy of Greenlee County and Arizona
• Impact of Safford Operations on the Economy of Graham County and Arizona
• Impact of Sierrita Operations on the Economy of Pima County and Arizona

Colorado

• Impact of Freeport-McMoRan on the Economy of Colorado

Iowa

• Impact of Freeport-McMoRan on the Economy of Iowa

New Mexico

• Impact of Freeport-McMoRan on the Economy of Grant County and New Mexico

Texas

• Impact of El Paso Operations on the Economy of El Paso County and Texas

SOUTH AMERICA

In May 2024, Apoyo Consultaría completed an annual study to identify and estimate the impact (direct and indirect) of Cerro Verde’s activities on the local region of Arequipa and national economy of Peru for 2023. The study concluded that Cerro Verde has had significant impact on both the regional and national economies in terms of employment, tax revenue, domestic purchasing and additional voluntary social investment.

Cerro Verde generated, directly and indirectly, a total of 118 thousand jobs in various sectors during 2023. The study estimated that for every person Cerro Verde employs 10.5 indirect jobs are generated in the economy across sectors, including machinery/vehicles, administrative and business support services, utilities and others. The site also spent approximately $450 million on goods and services in Arequipa. Amounts spent in Arequipa and in other areas of Peru mainly relate to machinery and vehicles, administrative support services, and utilities.

Additionally, Cerro Verde voluntarily contributed $9.7 million to the Arequipa community, investing in road and sanitation projects, water infrastructure, education and health programs and capacity building initiatives. Cumulatively from 2005 to 2023, Cerro Verde has invested $256 million in social development programs in the region. In 2023, Cerro Verde’s operations and activities accounted for 2.5% of Peru’s national gross domestic product and 46% of Arequipa’s gross domestic product.

INDONESIA

PT Freeport Indonesia (PT-FI) is one of the largest taxpayers in Indonesia. Since PT-FI’s current contract with the Indonesia government began in 1992, direct benefits to Indonesia have totaled approximately $29.3 billion.

In 2023, PT-FI’s direct benefits to Indonesia (taxes, royalties, export duties and fees paid to the Indonesia government) totaled $2.7 billion, including $608 million to local governments which is comprised of the Papua Provincial Government, Central Papua Provincial Government, Mimika Regency Government and other Regencies in Papua and Central Papua Provinces.

LOCAL PROCUREMENT

Purchasing goods and services from local suppliers provides direct and indirect benefits to our local communities. FCX remains committed to supporting our local host communities and recognizes the critical role our host communities, and the businesses in these communities, play in our daily operations and our company’s success. Information on our approach is available in our annual report on sustainability. To learn more about our policies & programs, please see our Tools for Suppliers webpage.

To learn more, please see our 2023 ANNUAL REPORT ON SUSTAINABILITY

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