SUPPLEMENTARY MINERAL RESERVE INFORMATION (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2019

Mineral Industries Disclosures [Abstract]

Schedule Of Estimated Recoverable Proven And Probable Reserves By Location [Text Block]



	Estimated Recoverable Proven and Probable Mineral Reserves
	at December 31, 2019
	Copper^a (billion pounds)	Gold (million ounces)	Molybdenum (billion pounds)
North America	47.2	0.5	2.87
South America	33.2	—	0.71
Indonesia^b	35.6	29.1	—
Consolidated^c	116.0	29.6	3.58

Net equity interest^d	83.4	16.1	3.25


a.	Estimated consolidated recoverable copper reserves included 1.7 billion pounds in leach stockpiles and 0.5 billion pounds in mill stockpiles.


b.	Reflects estimates of minerals that can be recovered through 2041. Refer to Note 13 for discussion of PT-FI’s IUPK.


c.	Consolidated 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 reserves of 375 million ounces of silver, which were determined using $15 per ounce.

Net equity interest 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). FCX's net equity interest for estimated metal quantities in Indonesia reflects approximately 81 percent from 2020 through 2022 and 48.76 percent from 2023 through 2041. Excluded from the table above were FCX’s estimated recoverable proven and probable reserves of 251 million ounces of silver.

Supplementary Reserve Information at 100% Basis by Location



	Estimated Recoverable Proven and Probable Mineral Reserves
	at December 31, 2019
			Average Ore Grade Per Metric Ton^a					Recoverable Proven and Probable Reserves^b
	Ore^a (million metric tons)		Copper (%)	Gold (grams)		Molybdenum (%)		Copper (billion pounds)		Gold (million ounces)		Molybdenum (billion pounds)
North America
Developed and producing:
Morenci	4,435		0.23	—		—	^c	14.5		—		0.19
Sierrita	2,960		0.23	—	^c	0.02		12.5		0.1		1.23
Bagdad	2,535		0.32	—	^c	0.02		15.3		0.2		0.79
Safford, including Lone Star^d	812		0.45	—		—		5.9		—		—
Chino, including Cobre	324		0.45	0.03		—	^c	2.7		0.3		0.01
Climax	160		—	—		0.15		—		—		0.49
Henderson	67		—	—		0.17		—		—		0.22
Tyrone	49		0.25	—		—		0.3		—		—
Miami	—		—	—		—		0.1		—		—

South America
Developed and producing:
Cerro Verde	4,265		0.35	—		0.01		29.3		—		0.71
El Abra	717		0.41	—		—		3.9		—		—

Indonesia^e
Developed and producing:
Grasberg Block Cave	959		0.97	0.73		—		17.2		14.2		—
Deep Mill Level Zone	429		0.92	0.75		—		7.6		8.2		—
Big Gossan	55		2.33	0.97		—		2.6		1.2		—
Deep Ore Zone	29		0.50	0.48		—		0.3		0.4		—

Undeveloped:
Kucing Liar	340		1.25	1.04		—		8.0		5.1		—
Total 100% basis	18,137	^f						120.0	^f	29.6	^f	3.64
Consolidated^g								116.0		29.6		3.58
FCX’s equity share^h								83.4		16.1		3.25


a.	Excludes material contained in stockpiles.


b.	Includes estimated recoverable metals contained in stockpiles.


c.	Amounts not shown because of rounding.


d.	The Lone Star leachable ores project is under development.


e.	Estimated recoverable proven and probable reserves from Indonesia reflect estimates of minerals that can be recovered through 2041. Refer to Note 13 for discussion of PT-FI’s IUPK.


f.	Does not foot because of rounding.


g.	Consolidated 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.

Net equity interest reserves represent estimated consolidated metal quantities further reduced for noncontrolling interest ownership. FCX's net equity interest for estimated metal quantities in Indonesia reflects an approximate 81 percent from 2020 through 2022 and 48.76 percent from 2023 through 2041. Refer to Note 3 for further discussion of FCX’s ownership in subsidiaries.