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Finance's Heavy Metal Beat

Operations rule at Freeport-McMoRan

By Richard Gamble | Updated on January 02, 2011

Very few finance operations would have been able to jump constructively into nitty-gritty operations decisions like which mining equipment should be bought now and which purchases should be postponed, but unlike traditional treasury and finance operations, Freeport-McMoRan Copper & Gold’s is metallic.

Finance leaders are more than competent in traditional skills like accounting, budgeting and forecasting, capital raising and cash management, but where they really stand out is how they tailor financial management to metal extraction and production. Many leading-edge finance operations encourage finance pros to get involved with the business units. At Freeport, the line between finance and production can be hard to find.

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