Freeport-mcmoran, Inc. · NYSE:FCX
Freeport-mcmoran — Freeport Mcmoran Copper & Gold — Global Metals, Mining & Materials Conference 2010
23 slides from Freeport-mcmoran's conference presentation, Nov 17, 2010
Slide 1: Copper Dynamics: Turning Brownfields Into Greenfields
FREEPORT- McMoRAN CopPEer & GoLp Global Metals, Mining & Materials Conference Ri “Copper Dynamics: Turning Brownfields Into Greenfields” James R. Moffett Chairman of the Board PROVEN PERFORMANCE November 17, 2010 FCX LISTED www.fex.com NYSE.
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
|FREEPORT-McMoRAN COPPER & GOLD Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements in which we discuss factors we believe may affect our potential performance in the future. Forward-boking statements are all statements other than statement
Slide 3: Proven Performance, Shining Future
FREEPORT-McMoRAN, COPPER & GOLD Proven Performance, Shining Future SS Premier Copper, Gold & Molybdenum Producer Long-Lived Reserves with Growth Options Flexible Operating Structure Geographically Diverse PROVEN PERFORMANCE SHINING FUTURE Strong Financial Position Experienced Team
Slide 4: World Class Copper Discoveries Are Extremely Rare
FREEPORT: McMoRAN World Glass Copper Discoveries COPPER & GOLD Are Extremely Rare Recoverable Copper Reserves 2010e Copper Production illion metic tons ‘Thousand metic tons o 5 1 15 20 25 0 200 400 600 800 1,000 1,200 GrasbergComplex- 1988 L I Escondida- 1979 KGHM Polish Copper - 1957 Chuquicamata -
Slide 5: Grasberg Case Study
|FREEPORT-McMoRAN COPPER & GOLD S Grasberg Case Study Indonesia Reserve Growth = Expanded Production i 70 eo} so 4. 40 30 Grasberg ; Reserves pare ecozec Discoveredpl | 20 Production Production 0 meen eben ege eon ea om eo8 2 RBerr er ene se REe<tesegeeaeeg a 88s 8 REeEeEsSsgeBnrgagseggss Bo & & BB
Slide 6: Grasberg Development & Expansion
|FREEPORT-McMoRAN |COPPER & GOLD Grasberg Development & Expansion "We quickly developed a pit plan. ... We also began studying the possibility for further expansions, so that we would be prepared if our geologists found more reserves — as we fully expected they would.” 1989 250 Expansion 200 2 zB Ex
Slide 7: Exploration Results Driving Future Growth
|FREEPORT-McMoRAN COPPER & GOLD Exploration Results Driving Future Growth = Significantly Increased Exploration Activities on Phelps Dodge Properties Following Merger in 2007 = Invested ~$550 MM on Exploration Since Merger, Principally Focused on Existing Mineral Districts = Drilled Over 1.6 MM Mete
Slide 8: Copper Reserves & Mineralized Material as of 12/31/09
ee a COPPER & Goo Copper Reserves & Mineralized Material as of 12/31/09 Copper Reserves Mineralized Material by Geographical Region by Geographical Region 104.Bn Ibs 122Bn Incremental Ibs ” North America 26% North America South Indonesia 58% Indonesia America 33% 33% Africa (@) recoverable proven an
Slide 9: Significant Reserve Additions
Fenn) BEFORE Memon . COPPER & GOLD Significant Reserve Additions Potential 2010 Recent Reserve Additions Reserve Additions 23 billion Ibs copper ~20 billion Ibs copper Since Merger through 12/31/09“? Candelaria/Ojos 2 Bagdad) Morenci Sierrita Tenke Balance (4) Proven and probable reserves as of 12/3
Slide 10: Defining the Sulfide Potential
FREEPORT-McMoRAN, Defining the Sulfide Potential SS . Porphyritic “+, Intrusions ,.” 10
Slide 11: Expanding Footprints - Cerro Verde Example
FREEPORT: MCMORAN COPPER & GOLD Expanding Footprints — S Cerro Verde Example Cerro Verde Cu Mineralization
Slide 12: Cerro Verde Brownfield Opportunities
= |FREEPORT-McMoRAN COPPER & GOLD Cerro Verde Brownfield Opportunities © z Z 5 Primary : : z Crusher 2009 Mineralized Material Cone 2009 Reserve Pit | aon e000 oud e sono © 12
Slide 13: Cerro Verde X-Section
|FREEPORT-McMoRAN COPPER & GOLD Cerro Verde X-Section Significant Intercepts 435 meters Cu % 0.69% Cu& i i: messes 2009 Mineralized = pa. _, Material Cone i >=0.2 945 meters ) >=0.35 0.67% Cu & Ba >=0.5 0.062% Mo >=0.8 RELI OE ae IR ll >=10 13
Slide 14: Morenci Brownfield Opportunities
|FREEPORT-McMoRAN COPPER & GOLD Morenci Brownfield Opportunities Material Cone 2009 Reserve Pit ==
Slide 15: Morenci X-Section
FREEPORT-McMoRa! COPPER & GOLD Morenci X-Section Significant Intercepts “Garfield | 844 meters 497 meters 0.42% Cu & 0.52% Cu & 0.030% Mo 0.046% Mo
Slide 16: El Abra X-Section
|FREEPORT-McMoRAN “El Abra X-Section Significant Intercepts 2009 Mineralized Material Cone Cu % 625 meters 0.64% Cu >=0 675 meters f Han Mop, * Wi >=0.1 0.65% Cu / Y y / Nin 855 meters a { es 0.62% Cu ra 990 meters f 0,68% Cu (
Slide 17: Papua Opportunities
|FREEPORT-McMoRAN COPPER & GOLD Papua Opportunities e Drill programs adjacent to existing ore bodies as well as in highly prospective exploration areas outside current operations e Opportunities to add to reserves in Indonesia pa \S Block A 7
Slide 18: Tenke Fungurume
ORT-MIcMORAN ia Tenke Fungurume Sulfides Exploration Potential Greater than Oxides. ~ ¢ 600 square mile concession ¢ Resource potential is multiples of existing reserves Future exploration is required to define the resource Geology of Central Camp & Greater Pumpi Se Mines series target host litholog
Slide 19: Climax Molybdenum
|FREEPORT-McMoRAN COPPER & GOLD Climax Molybdenum 2009 MM Cone | 1. are L ssete Lessee [eae eae rts p= 1 19
Slide 20: Exploration Drives the Mine Plan
pan) REPORT Memoria. Exploration Drives the Mine Plan ~~ . Greenfield Expansion Opportunities CASH FLOWS New Copper Sources RESERVE EXPANSION ADDITIONS OPPORTUNITIES SA Potential Projects 0.85 Tenke [ft iy.) Expansions 0.5 NA Potential NA Projects Incremental 1.7 billion Ibs Cu Annually 20
Slide 21: MMR Ultra-Deep Focus Areas on the Shelf of Gulf of Mexico
McMORAN EXPLORATION Co. MMR Ultra-Deep Focus Areas on the Shelf of Gulf of Mexico Generated 15 Prospects on Large Structures on Shelf with Ties to | to the —— Ser : ae Play Location Map MMR Uttra-Deep Fold Belt, Sub-Salt, & Treasure Island Focus Areas ATT Wilcox/Tuscaloosa MMR Ultra- Focus Areas Mio
Slide 22: MMR Broadly Recognized as Industry Leader in This New Exploration Frontier
McMORAN EXPLORATION Co. MMR Broadly Recognized as Industry Leader in This New Exploration Frontier N Regional Conceptual Model - Ultra-Deep Play Ss ONSHORE to SHELF to DEEPWATER Datareceivedto date from Davy Jones/Blackbeard West & East confirm MMR’s original geologic modeling, which correlates the
Slide 23: Davy Jones 3-D Image
Davy Jones 3-D Image 2 Ne reg «rare AZT Shallow Production Middle Miocene (¥ Sand) 12000° Average Lower Miocene (Gyro) 17000-23800" Top of Eocene 24700'-32500'
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