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## FREEPORT-McMoRan COPPER & GOLD INC. 

Freeport-McMoRan Copper & Gold Inc. (FCX) conducts its operations through its subsidiaries, PT Freeport Indonesia, PT Puncakjaya Power, PT Irja Eastern Minerals and Atlantic Copper, S.A. PT Freeport Indonesia’s operations in the Indonesian province of Papua include exploration and development, mining and milling of ore containing copper, gold and silver, and the worldwide marketing of concentrates containing those metals. PT Puncakjaya Power supplies power to PT Freeport Indonesia’s operations. PT Irja Eastern Minerals conducts mineral exploration activities in Papua. Atlantic Copper, FCX’s wholly owned subsidiary in Huelva, Spain, and PT Smelting, PT Freeport Indonesia’s 25-percent-owned smelter facility in the Indonesian province of East Java, are engaged in the smelting and refining of copper concentrates. 

Our common stock trades on the New York Stock Exchange under the symbol “FCX.” 

## Summary Financial Highlights 

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On the cover:  Massive copper sulphide ore from the Grasberg mine’s high-grade central stockwork zone, Section 6 South. The minerals present in the specimen are: chalcopyrite (brassy yellow/orange), bornite (dark blue/purple), covellite (violet/light blue), quartz (clear/round patches), with fragments of the original Grasberg monzodiorite rock (white patches). The gold in the specimen occurs as particles too small to see within the copper sulphide minerals. This sample was presented to Richard C. Adkerson, President and Chief Executive Officer of Freeport-McMoRan Copper & Gold Inc. by Armando Mahler, Executive Vice President and General Manager of PT Freeport Indonesia, on one of Mr. Adkerson’s recent visits to the mining operations. 

Background photo:  The south wall of the Grasberg open-pit mine following resumption of mining in higher-grade ore in 2004. 

## Table of Contents: 

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