Freeport-McMoRan 2014 Annual Report Download - page 138

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
136
Recoverable Proven and Probable Mineral Reserves
Estimated at December 31, 2014
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 3,923 0.27 — —
c
15.1 — 0.17
Bagdad 1,334 0.32 —
c
0.02 7.8 0.1 0.38
Safford 122 0.47 — — 1.1 — —
Sierrita 2,464 0.23 —
c
0.02 10.8 0.1 1.01
Miami 3 0.58 — — 0.1 — —
Chino 301 0.39 0.02 —
c
2.2 0.1 0.01
Tyrone 59 0.32 — — 0.4 — —
Henderson 90 — — 0.17 — — 0.28
Climax 185 — — 0.16 — — 0.59
Undeveloped:
Cobre 71 0.37 — — 0.3 — —
South America
Developed and producing:
Cerro Verde 3,953 0.37 — 0.01 28.9 — 0.69
El Abra 444 0.46 — — 2.9 — —
Indonesia
Developed and producing:
Grasberg open pit 179 0.96 1.06 — 3.2 4.9 —
Deep Ore Zone 146 0.54 0.69 — 1.5 2.5 —
Big Gossan 54 2.26 0.99 — 2.4 1.1 —
Undeveloped:
Grasberg Block Cave 1,012 1.00 0.77 — 18.9 16.3 —
Kucing Liar 406 1.25 1.07 — 9.5 6.3 —
Deep Mill Level Zone 472 0.87 0.71 — 7.9 8.6 —
Africa
Developed and producing:
Tenke Fungurume 98 3.27 — — 7.1 — —
Total 100% basis
15,316 120.1 40.0 3.13
Consolidated
d
103.5 28.5 3.11
FCX’s equity share
e
82.8 25.9 2.79
a. Excludes material contained in stockpiles.
b. Includes estimated recoverable metals contained in stockpiles.
c. Amounts not shown because of rounding.
d. Consolidated reserves represent 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 represent estimated consolidated metal quantities further reduced for noncontrolling interest ownership.
b
a