Freeport-McMoRan 2007 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 of the 2007 Freeport-McMoRan annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 114

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114

3
Broad Resources
Copper Reserve Breakdown
40% Indonesia
28% South America
27% North America
5% Africa
Copper Reserves
in billions of pounds
80
100
60
40
20
20072006
At A Glance
At December 31, 2007, Freeport-McMoRan Copper & Gold Inc.
had estimated consolidated recoverable reserves totaling
93.2 billion pounds of copper, 41.0 million ounces of gold
and 2.0 billion pounds of molybdenum.
These reserves, which form the core of ourWorld of Assets,”
are either part of our existing operations or future mine plans.
A “World of Opportunitiesis present not only in these proven
assets, but also in our global exploration targets and the 12.1
billion metric tons of mineralized material that exist near or
in association with the proven reserves. Our global team of
geologists and mining engineers continues to define through
drilling and analysis this mineralized material, which offers
remarkable potential opportunity for growth.
Grasberg
Reserves
at 12/31/07
Cu 37.1 billion lbs
Au 39.4 million ozs
2007 Production
Cu 1.2 billion lbs
Au 2.2 million ozs
Consolidated Totals
Reserves
at 12/31/2007
Cu 93.2 billion lbs
Au 41.0 million ozs
Mo 2.0 billion lbs
Co 0.6 billion lbs
Grasberg, Indonesia
Key:
Copper (Cu)
Cobalt (Co)
Molybdenum (Mo)
Gold (Au)
Locations
+ Pro forma consolidated
2007 Production+
Cu 3.9 billion lbs
Au 2.3 million ozs
Mo 70.0 million lbs