While our safety performance in 2007 was better than industry benchmarks, we strive toward the goal of zero injuries and illnesses.

The safety and health of all Freeport-McMoRan Copper & Gold Inc. employees, along with our commitment to the environment, are of the highest priority. Our objective is zero workplace injuries and occupational illness. We believe that progress toward the goal of incident-free performance both enhances the security of our workforce and the success of our operations. This goal will be achieved only if all our employees assume responsibility for their own safety and that of their fellow workers.

To achieve this level of performance, we acknowledge and promote health and safety as a core value. We are steadfast in our objective to provide a safe and healthy workplace and to provide sufficient resources through training, incentives and occupational health procedures to attain recognized leadership. We consider safety and occupational health programs to be an investment in our most valuable resource – our employees.

As Freeport-McMoRan Copper & Gold Inc. and Phelps Dodge Corporation joined forces in 2007, we brought together the most outstanding aspects of these two safety cultures, designed to drive continuous safety improvement to achieve our corporate safety vision of injury and occupational illness-free workplaces.

Our safety and occupational health system draws on leading practices, both inside and outside the company. Our safety professionals participate in national and international workshops and consortiums in an effort to ensure constant enhancement to our safety systems. Benchmarking of top performing companies is also conducted. Together with input from executive management and site managers from across the company, core safety elements are defined and proactive measures developed to monitor and improve safety and occupational health performance.

Leadership, accountability and personal involvement are central to our success. We expect all our employees and contractors to exercise leadership in demonstrating commitment to our philosophy that no fatalities, injuries or occupational illnesses are acceptable. As a matter of philosophy and practice, we will hold all contractors operating at our facilities accountable for the same level of safety that we expect of ourselves. All contracts include specific safety provisions designed to achieve this result. Safe and reliable operations require the establishment of clear roles, responsibilities and accountabilities for all levels of the organization.

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