Reconciling Mine Plans with Mine Operations at Freeport-Mcmoran Sierrita

"INTRODUCTION Freeport-McMoRan is a leading international natural resources company that operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold, molybdenum, cobalt, oil and natural gas. Freeport-McMoRan is the world’s largest publicly traded copper producer and largest producer of molybdenum. The Sierrita mine is an open pit truck and shovel operation from which copper and molybdenum are produced. An important key to Sierrita’s success lies in their ability to realize their plans in the field. In certain circumstances, the mine plans are not achieved, and the operation fails to meet its targets which is an issue revealed in reconciliation reports. This technical session discusses the methodologies and procedures used at Sierrita to monitor the implementation of the mine plans, measure the performance of the operation and reduce the variance between plan and actual. Ensuring the operation stays on target is vital so mine productivity and profitability can attain its maximum potential. PROJECT OVERVIEW The Sierrita mining complex is located in Pima County, approximately 20 miles southwest of Tucson, Arizona as shown in Figure 1. The first mining claims at Sierrita date back to the late 1800s while underground mining activities started in the early 1900s. However, open pit development of Sierrita began more than 50 years ago to become the modern mining complex it is today. In 2009, Freeport-McMoRan purchased the adjacent Twin Buttes copper mine, providing significant synergies in the Sierrita minerals district. This venture included the potential for expanded mining activities, operations growth for mining copper and molybdenum, and reclamation activity. It should be noted that in addition to copper and molybdenum, the Sierrita mine produces rhenium which is a rare and highly value metal. The ore deposit contains oxide and sulfide mineralization. The oxide ore is delivered to the leach process while the sulfide ore is routed to the crusher and mill circuit 4,700 jobs on Arizona’s economy Freeport-McMoRan partners with the communities near Sierrita to provide programs that contribute to their sustainability"