Oil & Gas Financial Journal Transaction of the Year, West Coast 2013

Awarded to: Freeport McMoRan Copper & Gold Inc.

Oil & Gas Awards Judges Comments

“Size and scope combined with the complexity of the deal makes this an outstanding transaction.”

“Standout size and complexity of the transaction. Unexpected nature for traditional mining company – demonstrates creative vision. Financial strength of parties.”

Freeport McMoRan Copper & Gold Inc. – Corporate Overview

Freeport-McMoRan Copper & Gold Inc. (FCX) is a leading international natural resource company with headquarters in Phoenix, Arizona.  The company’s portfolio of assets includes the Grasberg mining complex in Indonesia, one of the world’s largest copper and gold deposits, significant mining operations in the Americas, including the large scale Morenci minerals district in North America and the Cerro Verde and El Abra operations in South America, and the Tenke Fungurume minerals district in the Democratic Republic of Congo.

In the second quarter of 2013, FCX completed the acquisitions of Plains Exploration & Production Company and McMoRan Exploration Co.  The transactions add a high quality portfolio of oil and gas assets to FCX’s global mining business.  The acquired business provides exposure to energy markets with positive fundamentals, strong margins and cash flows and a large resource base with financially attractive exploration and development investment opportunities.

FCX’s oil and gas portfolio includes significant oil production facilities and growth potential in the Deepwater Gulf of Mexico (GOM), strong oil production from the onshore Eagle Ford trend in Texas, established oil production facilities onshore and offshore California, large onshore resources in the Haynesville natural gas trend in Louisiana, and an industry leading position in the emerging shallow water, ultra-deep gas trend on the Shelf of the GOM and onshore in South Louisiana.