Reporting Period: January 1, 2007-December 31, 2007

In January of 2005, 16 leading mining and metals companies comprising the International Council on Mining and Metals (ICMM) agreed to report on their sustainable development performance using the GRI Sustainability Reporting Framework, including the Mining and Metals Sector Supplement.

The Global Reporting Initiative (GRI) is a multi-stakeholder process and independent institution whose mission is to develop and disseminate globally applicable Sustainability Reporting Guidelines.

The International Council on Mining and Metals (ICMM) is a CEO-led organization dedicated to sustainable development and to the vision of a viable mining, minerals and metals industry widely recognized as essential for modern living and a key contributor to sustainable development.

The 2007 report by Freeport-McMoRan Copper & Gold Inc. (FCX) is in accordance with the GRI 2002 Sustainability Reporting Guidelines and the Mining and Metals Sector Supplement. FCX is a company incorporated in the state of Delaware, U.S.A. where its common stock, preferred stock and senior notes are publicly traded on the New York Stock Exchange. Our common stock trades on the New York Stock Exchange under the symbol “FCX.”

FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX has a dynamic portfolio of operating, expansion and growth projects in the copper industry and is the world’s largest producer of molybdenum. The company’s portfolio of assets includes the Grasberg Minerals District, the world’s largest copper and gold mine in terms of recoverable reserves; significant mining operations in the Americas, including the large scale Morenci and Safford minerals districts in North America and the Cerro Verde and El Abra operations in South America; and the potential world-class Tenke Fungurume development project in the Democratic Republic of Congo.

On November 19, 2006, FCX and Phelps Dodge Corporation announced that they had signed a definitive merger agreement whereby FCX would acquire Phelps Dodge for approximately $25.9 billion in cash and stock. The shareholders of both companies approved the transaction on March 13 and 14, 2007.

On March 19, 2007, we completed the acquisition of Phelps Dodge Corporation, creating the world’s largest publicly traded copper company, the world’s largest producer of molybdenum and a significant gold producer.

The acquisition transformed Freeport-McMoRan Copper & Gold Inc. into a dynamic industry leader and combined the assets and technical teams of two great companies. These assets will deliver significant copper volumes to an attractive market, providing substantial cash flows that will enable us to invest in attractive growth projects and build value for shareholders.
The new Freeport-McMoRan Copper & Gold Inc., with operations and projects in the Americas, Indonesia and Africa, has one of the most exciting portfolios of operating, expansion and growth projects in the copper mining industry.

Note: FCX, as a founding member of ICMM, is committed to superior business practices in sustainable development. We have committed to implement the ICMM Sustainable Development Framework and comply with policy statements of the ICMM Council; details are given in our 2007 Working Toward Sustainable Development report, available on our website. The ICMM Sustainable Development Framework comprises four elements: a set of 10 Principles, supported by public reporting in accordance with Global Reporting Initiative (GRI) guidelines, independent assurance, and a commitment to sharing good practice. FCX is fully committed to the Global Reporting Initiative (GRI).

The left-hand column of the report indicates which of the 10 ICMM Principles corresponds to each item within the GRI report.

2007 Global Reporting Initiative

Downloadable PDFs:

• Independent Verification Statement
• Vision and Strategy, Profile, and Governance Structure
  and Management Systems
• Economic Performance Indicators
• Environmental Performance Indicators
• Social Performance Indicators

2006 Global Reporting Initiative


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