Freeport-McMoRan Copper & Gold Inc. Presents at BMO Capital Markets 22nd Global Metals & Mining Conference, Feb-25-2013 . Venue: Westin Diplomat, 3555 South Ocean Drive, Hollywood, Florida, United States.

Freeport-McMoRan Copper & Gold Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company's revenues were $4,583 million compared to $4,605 million a year ago. Operating income was $1,355 million compared to $1,734 million a year ago. Income before income taxes and equity in affiliated companies' net earnings was $1,250 million compared to $1,490 million a year ago. Net income was $824 million compared to $1,001 million a year ago. Net income attributable to the company was $648 million or $0.68 per diluted share compared to $764 million or $0.80 per diluted share a year ago. Net cash provided by operating activities was $831 million compared to $801 million a year ago. Capital expenditures totaled $805 million for first-quarter 2013, compared with $707 million for first-quarter 2012. The company also announced operating results for the first quarter ended March 31, 2012. For the quarter, the company's copper production was 980 millions of recoverable pounds compared to 833 millions of recoverable pounds a year ago. Gold production was 235,000 of recoverable ounces compared to 252,000 of recoverable ounces a year ago. Molybdenum production was 22 millions of recoverable pounds compared to 21 millions of recoverable pounds a year ago. Consolidated sales from mines for the year 2013 are expected to approximate 4.3 billion pounds of copper, 1.4 million ounces of gold and 92 million pounds of molybdenum, including 1.0 billion pounds of copper, 295,000 ounces of gold and 23 million pounds of molybdenum for second-quarter 2013. Excluding amounts for pending acquisitions, capital expenditures are expected to approximate $4.4 billion for the year 2013, including $2.6 billion for major projects and $1.8 billion for sustaining capital. Exploration spending is expected to approximate $235 million for the year 2013, compared to $251 million in 2012.

On April 17, 2013, in connection with the agreement and plan of merger dated as of December 5, 2012 by and among Freeport-McMoRan Copper & Gold Inc. (FCX), Plains Exploration & Production Company and IMONC LLC, the board of directors of FCX approved amendments to FCX's Amended and Restated By-Laws. Articles XI, XII and XIII were amended and new Articles XIV and XV were added to revise the description of the powers and duties of each of the Chairman of the Board, Vice chairman of the Board, Chief Executive Officer, Chief Executive Officer of the Oil and Gas business and President and to establish an Office of the Chairman, and other provisions were amended to make conforming changes.