Freeport-McMoRan Copper & Gold (FCX)

Freeport-McMoRan Copper & Gold, Inc. engages in the exploration, mining, and production of mineral properties primarily in Indonesia, North America, South America, and Africa. It focuses on the copper, gold, molybdenum, and silver prospects. The company holds interests in the Grasberg open pit and Deep Ore Zone projects in Indonesia. It also owns interests in the Grasberg, Kucing Liar, Mill Level Zone/Deep Mill Level Zone, and Big Gossan projects in Indonesia. In addition, the company holds interests in the Morenci project in Greenlee County, Arizona; the Safford project in Graham County, Arizona; the Bagdad project in Yavapai County in west-central, Arizona; the Sierrita project in Pima County, Arizona; the Miami project in Gila County, Arizona; the Chino and Tyrone project in southwestern New Mexico in Grant County; the Henderson project located approximately 42 miles west of Denver, Colorado; and the Climax molybdenum mine in Colorado, which are located in North America. Further, it owns interests in the Cerro Verde project located 20 miles southwest of Arequipa, Peru; the Candelaria project situated approximately 12 miles south of Copiapo in northern Chile’s Atacama province; the Ojos del Salado project located approximately 10 miles east of Copiapo in northern Chile’s Atacama province; the El Abra project situated 47 miles north of Calama in Chile’s El Loa province, which are located in South America. Additionally, the company holds interests in the Tenke Fungurume project in the Democratic Republic of Congo; and the Atlantic Copper project in Huelva, Spain. At December 31, 2007, it had total consolidated recoverable proven and probable reserves of approximately 93.2 billion pounds of copper; 41.0 million ounces of gold 2.0 billion pounds of molybdenum; 230.9 million ounces of silver; and 0.6 billion pounds of cobalt. Freeport-McMoRan Copper & Gold Inc. was founded in 1987 and is based in Phoenix, Arizona.

For the nine months ended 30 September 2006, Freeport-McMoRan Copper & Gold Inc.'s revenues increased 54% to $4.15B. Net income applicable to Common totaled $969.6M, up from $471.4M. Revenues reflect an increase in sales from Mining & Exploration segment and higher sales from Smelting & Refining segment. Net income also reflects improved operating margins, lower net interest expenses and the presence of $29.7M gain on sale of assets.