Continue to maximize free cash flows. Freeport-McMoRan Copper & Gold has a proven track record for generating significant cash flows. We will continue to maintain active programs to improve efficiencies throughout our mining operations to optimize production.

Maintain a strong financial profile. Strong cash flows historically have allowed Freeport-McMoRan to reduce indebtedness significantly. While copper, gold and molybdenum prices will play a significant role in determining the extent of the combined company’s free cash flows, we will continue to strengthen our financial profile as well as maximize the cash flows from our ore bodies through production and aggressive cost management.

Actively pursue project pipeline and exploration. We manage our business to maximize the long-term value of our mineral deposits. We have been disciplined in managing and evaluating potentially attractive capital investments. We will have significant potential for growth through the development of our existing asset base and exploration, which we plan to develop actively to grow production and ore reserves.

 

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