Freeport-McMoRan 2009 Annual Report Download - page 7

Download and view the complete annual report

Please find page 7 of the 2009 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 108

  • 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

which is available on our web site, reects a strong commitment
to our sustainability programs.
We congratulate and express our appreciation to our entire organization
for their extraordinary accomplishments during the year. Their enthusiasm
and perseverance during challenging times is a testament to their
dedication and positive spirit. We appreciate the wise counsel of our
Board of Directors, whose support has guided us through challenging
market conditions. All of us working together have achieved the “Proven
Performance” reected in our annual report and have made possible the
“Shining Future” for our Company and our shareholders.
At current copper prices above
$3 per pound, gold prices
above $1,000 per ounce and
molybdenum prices over $15
per pound, we would generate
signicant cash ows. We will
continue to invest in attractive
growth projects and maintain
our strong balance sheet.
James R. Moffett
Chairman of the Board
Richard C. Adkerson
President and
Chief Executive Ofcer
March 19, 2010
Copper cathode production at Morenci, Arizona
The Tenke Fungurume Mining processing plant in the Democratic Republic of Congo
was completed in the rst half of 2009.
5
FREEPORT-McMoRan COPPER & GOLD INC.
2009 Annual Report