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Summary

The Company's latest Sustainable Development report is now available online.

Report Highlights

Freeport-McMoRan Copper & Gold Inc. (FCX) announces its 2010 Working Toward Sustainable Development report. This report is in accordance with the GRI G3 reporting guidelines. The report can been accessed at www.fcx.com/envir/sus_wtsd_reports.htm

FCX mines and processes ore to supply metals that connect and sustain the world’s infrastructure. Copper is the metal most closely tied to economic growth, as it is a key component of state-of-the-art energy, transportation, and telecommunications systems. The red metal remains essential to plumbing, conductivity and connectivity, and it is a critical element in new technology. Molybdenum strengthens steel, resists heat and adds corrosion resistance to piping for water distribution systems. Cobalt is vital to alternative energy applications. FCX’s metals directly contributes to a sustainable future by providing products that reduce environmental impact while supporting economic and social development.

As the earth’s population continues to grow along with the global standard of living, the demand for FCX’s metals rises. FCX will respond to increased demand by expanding operations; however, the ability to reduce or mitigate certain impacts, such as total greenhouse gas emissions and total water consumption, will be challenged as FCX evaluates  how to improve efficiency. Concurrently, societal needs for clean water, efficient energy use, job creation, community development, and ecosystems protection continue to increase. FCX’s challenge is to meet the demands for their metals while improving their contribution to sustainable development.

Please see the Freeport-McMoRan Copper & Gold Inc. 2010 Working Toward Sustainable Development Report at www.fcx.com/envir/sus_wtsd_reports.htm

Your suggestions and feedback regarding the report are welcome at sustainability@fmi.com
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