Industrial metal exploration company Freeport-McMoRan Inc. (FCX) has emerged as a tech-savvy mining operator. The company’s leadership recognized the importance of Artificial Intelligence (AI) and Machine Learning (ML) in growing its mining productivity.
The company executed an “Americas’ Concentrator” program to unlock additional annual copper production through the use of big data and agile working methods. This could unlock a 125,000 metric tons per day production increase, representing $350 million to $500 million in EBITDA.
