The cornerstone of our commitment to integrity is our Principles of Business Conduct. They are designed to be a tool to remind ourselves of what is important in our everyday work life – hard work, honesty, treating people fairly, operating machinery safely. Our commitment to these principles is the bond that binds us all in pursuing our common vision, from top-level management to entry-level employees. This policy document has been recently rolled out across the newly integrated company and we will provide associated training for all employees worldwide this year.

Freeport-McMoRan Copper & Gold Inc. has adopted Principles of Business Conduct, recently updated following the 2007 merger with Phelps Dodge, which requires all employees to adhere to ethical standards established by the company and consistent with applicable laws, including the U.S. Foreign Corrupt Practices Act (FCPA) and the Sarbanes-Oxley Act. All appropriate company personnel are required to certify annually their adherence to this policy and training to support employees’ understanding of the policy is ongoing. Employees are required to notify the company compliance officer of any activity, transaction or other information involving a suspected violation of the policy. Any reported incidents or concerns about violations or potential violations are investigated and resolved appropriately.

For more information on Principles of Business Conduct.

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