Maintaining growth and production despite rising costs
The opportunity
Freeport-McMoRan, one of the world’s leading mining companies, faced a dilemma. To maintain growth in its Americas copper operations it needed to increase production. But with a portfolio of mature mines and aging technology, it was looking at significant cash outlays and lengthy permitting to open new mines. The alternative was to increase copper production from the mines it had. Freeport believed the answer lay in improving operations with advanced analytics, but it lacked the technology skills and capabilities to design and deploy AI at scale.
Unlocking next level operations through technology
—Cory Stevens, President, Freeport-McMoRan Mining Services
One of the key things that McKinsey brought to the table was developing the model with the users in the room, so that they're building ownership and conviction right from the very get go. This helped with the acceptance and the adoption, creating co-ownership across the team.”
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Working with McKinsey