Freeport-McMoRan Copper & Gold Inc. has closure plans for all mining sites. Most closure plans are conceptual in nature because of the long mine lives involved. In the United States and Peru, closure plans are mandated by government regulations. Closure plans for Chilean mines are required to be submitted in 2009. Over the next 18 months, plans will be reviewed to ensure the inclusion of social considerations and their appropriate management including the involvement of stakeholders.

In December 2004, PT Freeport Indonesia completed an updated closure management plan, representing the company’s latest analyses and strategies on closure management. PT Freeport Indonesia is committed to fulfilling its closure obligations, with disturbed areas being reclaimed by native vegetation or developed in a manner consistent with decisions made in consultation with local stakeholders and the Government of Indonesia. The closure management plan will be updated approximately every five years.

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