Company Profile For Freeport-McMoRan Copper & Gold Inc.

Freeport-McMoran Copper & Gold Inc. (FCX), through its wholly owned subsidiary, Phelps Dodge Corporation (Phelps Dodge) is a copper, gold and molybdenum mining company. The Company’s portfolio of assets includes the Grasberg minerals district in Indonesia, which contains single recoverable copper reserve and the single gold reserve of any mine; significant mining operations in North and South America, and the Tenke Fungurume development project in the Democratic Republic of Congo (DRC). As of December 31, 2008, consolidated recoverable proven and probable reserves totaled 102.0 billion pounds of copper, 40 million ounces of gold, 2.48 billion pounds of molybdenum, 266.6 million ounces of silver and 0.7 billion pounds of cobalt. Approximately 35 % of its copper reserves were in Indonesia, approximately 31 % were in South America, approximately 28 % were in North America and approximately six % were in Africa.

BRIEF: For the nine months ended 30 September 2009, Freeport-McMoRan Copper & Gold Inc.'s revenues decreased 34% to $10.43B. Net income from cont. ops. applicable to Common decreased 40% to $1.56B. Revenues reflect a decrease in sales of copper & gold. Net income also reflects lower gross margins, the presence of restructuring & other charges, increased net interest expenses and higher losses on early extinguishments of debt.