|Exchange:||New York Stock Exchange|
|Stock:||Freeport-McMoRan Copper & Gold|
|Freeport-McMoRan Copper & Gold was incorporated under the laws of the state of Delaware on November 10, 1987. The Company deals in the mining of copper, gold and molybdenum. Its portfolio of assets includes the Grasberg minerals district in Indonesia, significant mining operations in North and South America, and the Tenke Fungurume minerals district in the Democratic Republic of Congo (DRC). The Grasberg minerals district contains the single recoverable copper reserve and the single gold reserve of any mine in the world based on the latest available reserve data provided by third-party industry consultants. At December 31, 2011, consolidated recoverable proven and probable reserves totaled 119.7 billion pounds of copper, 33.9 million ounces of gold, 3.42 billion pounds of molybdenum, 330.3 million ounces of silver and 0.86 billion pounds of cobalt. Approximately 34 percent of its copper reserves are in North America, 33 percent are in South America, 26 percent are in Indonesia and 7 percent are in Africa. Approximately 95 percent of its gold reserves are in Indonesia, with its remaining gold reserves primarily in South America. Approximately 79 percent of its molybdenum reserves are in North America, with its remaining molybdenum reserves in South America. It operates four copper mines in South America – Cerro Verde in Peru, and El Abra, Candelaria and Ojos del Salado in Chile. In addition to copper, the Cerro Verde mine also produces molybdenum concentrates, and the Candelaria and Ojos del Salado mines produce gold and silver. n Indonesia, PT Freeport Indonesia operates the mines in the Grasberg minerals district. In addition to copper, the Grasberg minerals district also produces significant quantities of gold and silver. In Africa, Tenke Fungurume Mining S.A.R.L. (TFM) operates the mine in the Tenke Fungurume minerals district (the Tenke mine). In addition to copper, Tenke produces cobalt hydroxide. During 2011, 34 percent of its consolidated copper production was from North America, 35 percent from South America, 23 percent from Grasberg and 8 percent from Tenke. The Grasberg minerals district also accounted for 92 percent of its consolidated gold production for 2011. It produces molybdenum at its Henderson molybdenum mine in Colorado. During 2011, 46 percent of its consolidated molybdenum production was from the Henderson molybdenum mine, 42 percent was produced at certain of its North America copper mines and 12 percent was produced at its Cerro Verde copper mine.|
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