Freeport-McMoRan Copper & Gold Inc. Announces Senior Notes Offering
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced today that it
intends to offer senior notes to the public in three tranches. FCX
intends to use the net proceeds from the offering to redeem a portion of
its outstanding 8.375% Senior Notes due 2017.
The joint book-running managers for the offering are J.P. Morgan
Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated.
Copies of the preliminary prospectus supplement relating to the offering
may be obtained by calling J.P. Morgan Securities LLC collect at
1-212-834-4533 or Merrill Lynch, Pierce, Fenner & Smith Incorporated
toll-free at 1-800-294-1322.
A registration statement relating to the offering has been filed with
the United States Securities and Exchange Commission and is effective.
This press release shall not constitute an offer to sell nor an offer to
buy any securities and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offer, solicitation or sale would
be unlawful. The offering may be made only by means of a prospectus
supplement and the accompanying prospectus.
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 and is the world′s largest
producer of molybdenum.
The company′s portfolio of assets includes the Grasberg minerals
district in Indonesia, the world′s largest copper and gold mine in terms
of recoverable reserves; 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.
Freeport-McMoRan Copper & Gold Inc.
David P. Joint, 504-582-4203
