Freeport-McMoRan 2013 Annual Report Download - page 132

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
130 | FREEPORT-McMoRan
Recoverable Proven and Probable Mineral Reserves
Estimated at December 31, 2013
Average Ore Grade Recoverable Proven and
Per Metric Ton Probable Reserves
Ore
a
Copper Gold Molybdenum
(million Copper Gold Molybdenum (billion (million (billion
metric tons) (%) (grams) (%) pounds) ounces) pounds)
North America
Developed and producing:
Morenci 3,779 0.27 — —
c
14.6 — 0.15
Bagdad 1,449 0.31 —
c
0.02 7.9 0.1 0.39
Safford 149 0.45 — — 1.2 — —
Sierrita 2,534 0.23 —
c
0.03 11.0 0.1 1.08
Miami 15 0.43 — — 0.2 — —
Chino 376 0.42 0.02 —
c
2.6 0.2 0.01
Tyrone 69 0.34 — — 0.5 — —
Henderson 105 — — 0.17 — — 0.33
Climax 189 — — 0.16 — — 0.61
Undeveloped:
Cobre 73 0.39 — — 0.3 — —
South America
Developed and producing:
Cerro Verde 4,047 0.37 — 0.01 29.4 — 0.71
El Abra 576 0.45 — — 3.6 — —
Candelaria 281 0.58 0.14 — 3.9 1.1 —
Ojos del Salado 8 1.00 0.23 — 0.1 —
c
—
Indonesia
Developed and producing:
Grasberg open pit 206 0.95 1.08 — 3.6 5.8 —
Deep Ore Zone 152 0.56 0.73 — 1.6 2.8 —
Big Gossan 54 2.22 0.97 — 2.5 1.1 —
Undeveloped:
Grasberg Block Cave 1,000 1.02 0.78 — 18.9 16.1 —
Kucing Liar 420 1.24 1.07 — 9.8 6.5 —
Deep Mill Level Zone 526 0.83 0.70 — 8.3 9.3 —
Africa
Developed and producing:
Tenke Fungurume 113 3.34 — — 8.0 — —
Total 100% basis 16,121 128.0 43.1 3.28
Consolidated
d
111.2 31.3 3.26
FCX’s equity share
e
88.6 28.3 2.93
a. Excludes material contained in stockpiles.
b. Included estimated recoverable metals contained in stockpiles.
c. Amounts not shown because of rounding.
d. Consolidated reserves represented estimated metal quantities after reduction for joint venture partner interests at the Morenci mine in North America and the Grasberg minerals district
in Indonesia.
e. Net equity interest reserves represented estimated consolidated metal quantities further reduced for noncontrolling interest ownership.
b
a