Freeport-McMoRan 2010 Annual Report Download - page 5

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Tenke Fungurume,
Democratic Republic of Congo
Grasberg, Indonesia
FREEPORT-McMoRan COPPER & GOLD INC. 2010 Annual Report
3
To Our Shareholders
The theme of this annual report, “Connecting the
World,” highlights Freeport-McMoRan Copper & Gold’s
significant role in producing metals that are vital to
the world’s economies. In particular, copper, which
generated 78 percent of our 2010 revenues, is critical
in connecting the world through a broad range of
applications, including infrastructure development,
power systems, transportation, industrial applications
and a variety of energy-saving devices. We are a
global leader in the production of copper, gold and
molybdenum and have a long and successful history of
conducting our business in a safe, highly efficient
and socially responsible manner for the benefit of our
stakeholders.
2010 was an outstanding year for our company. After
successfully managing through one of the most severe
economic downturns in history, we achieved in 2010
the best financial results in our company’s history.
Our global team performed at an exceptional level and
achieved a number of safety and operational records.
We were also successful in achieving a significant
increase in our mineral reserves, which provide building
blocks of future growth. Our copper business benefited
from strong demand from China and emerging markets,
recovering economic conditions in the United States,
Europe and Japan — and limited supplies.