News Release Details

FCX Declares Quarterly Cash Dividends on Common and Preferred Stocks

06/28/07

PHOENIX--()--Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) today declares the following quarterly cash dividends payable on August 1, 2007 to holders of record as of July 16, 2007:

  • $0.3125 per share of FCXs Common Stock (NYSE: FCX).
  • $13.75 per share of FCXs 5½% Convertible Perpetual Preferred Stock.

FCX today also declares, for the period from March 28, 2007 to August 1, 2007, cash dividends of $2.30625 per share of FCXs 6¾% Mandatory Convertible Preferred Stock payable on August 1, 2007 to holders of record as of July 16, 2007. Each subsequent quarterly dividend is expected to be $1.6875 per share.

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. The Grasberg mining complex, the worlds largest copper and gold mine in terms of reserves, is the companys key asset. FCX also operates significant mining operations in North and South America and is developing the potentially world-class Tenke Fungurume project in the Democratic Republic of Congo. Additional information about FCX is available on our website at www.fcx.com.

Contacts

Freeport-McMoRan Copper & Gold Inc.
Financial Contact:
David P. Joint, 504-582-4203

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