Freeport-McMoRan 2005 Annual Report Download - page 9

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The Right Asset
Operating one of the world’s largest copper
and gold mines in a district that holds the
largest reserves of both metals is fundamental
to our success. Our assets — world-scale
operations with long-lived reserves of copper
and gold and an attractive cost structure
— are highly desirable in the context of
an industry where world-class deposits like
the Grasberg are extremely rare.
 | 005 ANNUAL REPORT LETTER TO SHAREHOLDERS