Freeport-McMoRan 2004 Annual Report Download - page 3

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The high-grade ore sample on the cover of this report illustrates the
dramatic mineralization in our Grasberg minerals district. The Grasberg
district contains both the worlds largest proven and probable gold
reserves and the second-largest proven and probable copper reserves.
Our success results not only because of our long-lived, high-grade
mineral reserves, but also because of our commitment to excellence
in safety, environmental management and corporate responsibility.
Our success in “making the grade” reflects the culmination of efforts
involving a broad range of business activities. We achieve success when
we provide returns to our shareholders and creditors while contributing
in a responsible fashion to the economic well-being in the commu-
nities where we operate and to the countries where we conduct our
businesses. We worked diligently in meeting challenges to make the
grade in 2004. Our progress in 2004 and our track record of operating
achievements over many years demonstrate that we have the right
skills and the right assets to make the grade in the years ahead.