good Kathleen, morning. Thanks, and
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presents we are key monitoring X performance internally. indicators Slide
information, glossary slides. your We for have included, of in assist reviewing terms you following the a this to
or exceeding We milestones. established are now meeting
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the very really to enthusiastic to is day-to-day for want our and undertaking our data of are about, we expanding power a that computing X; move capabilities, analyze compile Slide in decision-making exciting operations. our Now team use to to initiative
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placed throughput mill are and XX% are our up in unit retention Since better up X XX%, percentage all of costs recoveries late year, and is XX%, of in fundamental is of period time. operations a point, Safety XX%. approaching over was our is last key this global short and we to this portfolio in strength all to that our very mining assets. is this of and of A of service a manage success, Freeport expanding down
implement We readily processes data can analysis. and global coordinate Everyone has the and results mining across of all efficiently access assets. of Freeport's the and to
and portfolio. tools approaches to these management We implement have across now the begun
of goal This substantial creating XXX capital This us. aspirational involved. effect million with for in our value. new a would adding set cost have operations reducing in pounds Americas concentrator is We an of minimal copper our add
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Our unit assets. value cost unlocking in would decrease, to our which key is U.S.
Very Their senior and our are which team teams for exciting release. operating preparing our rallying contagious, last initiative, it. operating with enthusiasm - high is week around is our earnings in
We will expand as we you this Americas operations. keep our updated throughout
Slide XX addresses copper market.
between customers uncertainties know, have resulting for confidence are short-term affecting to and been now. the of prices uncertainties at you a China dispute U.S. impacting As limited a demand. and the These from trade some degree our level year copper
in to remains strong, continue norms. market copper historic to low relation be balanced, fundamentally However, the inventories global
of Supply than Mine some development last are is a higher this disruptions decline prices. year year stream. to copper supportive supply our on coming year. expected despite Industry new be rate production industry at to this continues
to continue the long-term We from new copper see issues in support suppliers. for developing prices
bodies Resource globe. producing Current are to nationalism grades ore scarce. around falling. mines increasingly the High-quality are be issue an aging, are continues
growth As copper of component and be growth. will important an improves, global economic uncertainties economic that diminish
in the about positive very with important copper and remain role underpinned We limited the by coupled long-term, plays for outlook growing economy. global copper suppliers
in like one financial close FCX asset. commodity best just over is the Before standpoint. position call turning XX, of fundamental a the with Kathleen, reiterating will as the Copper outlook, to Slide a cover who the inherent has by value I'd from to this
and discoveries rare New used opportunities multiple and development are substantial development requires execute with industry in limited, unavoidable and extremely this any to risk.
this evident existing overtime, All the more long of valuable. all makes and mines Freeport the of more at above becoming of own is we life as mine the such
copper pound. earlier, this cost difficult a basis replacement $XX at mentioned $X to I In these billion it develop measure of value billion. as Applying existing replace very would capacity, a cost. be cost, equivalent capacity current a develop translates new producing into to our approximates The any to assets $XX on $XX to theoretical reality, to
our position, value prove to our resource which value ultimately be cost replacement our significantly highly believe no large valuable enterprise with current assigned Company. to This exceeds I for undeveloped value will
our shareholders. Kathleen? portfolio team plan, part personally looking of value continue for of will our our execute forward We to all the build benefit of cash being Freeport as deliver flows, unfolds. I'm from to this the
