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<strong>Ajo</strong> <strong>Copper</strong> <strong>News</strong>, October 3, 2012, Page 5<br />
Update to<br />
the Community<br />
<strong>Ajo</strong> Community Partnership Panel<br />
Partnership Panel Reviews Company Operations and More<br />
The <strong>Ajo</strong> Community Partnership Panel, hosted by Freeport-McMoRan <strong>Copper</strong> & Gold Inc., seeks to keep the<br />
community informed about its operations, and to foster open and ongoing dialogue to develop thoughtful<br />
solutions to address community issues.<br />
The <strong>Ajo</strong> Community Partnership Panel met September 5. Topics included a company update, <strong>Ajo</strong><br />
Improvement Co. activities, an economic impact report, community engagement updates and local social<br />
investments by the Company.<br />
Company Update<br />
Freeport-McMoRan has begun a limited exploration drilling program at <strong>Ajo</strong> as part of an effort to obtain samples<br />
for metallurgical test work and to generate additional geologic information. The <strong>Ajo</strong> deposit is a resource that<br />
looks attractive for possible further development; however, the company does not currently have any plans<br />
for a restart of the <strong>Ajo</strong> mine. Drilling will be conducted in the pit and the immediate surrounding area, and is<br />
expected to be completed late this year or early 2013.<br />
<strong>Ajo</strong> Improvement Co.<br />
AIC will begin paving the roads from Curley School to the mine pit and from the Greenway Mansion to <strong>Ajo</strong> High<br />
School now that all the sewer and water replacement work in this area has been completed.<br />
The sewer replacement project will begin soon and continue through 2014 for the following areas:<br />
• East of the railroad tracks from <strong>Ajo</strong> High School to the Pima County Sheriff Station and west of the<br />
tracks from Solana Ave. to W. Cholla Ave.<br />
• From W. Cholla Ave. to Ave. to Rasmussen Rd. and from the cemetery to the railroad tracks.<br />
Economic Impact Report<br />
In 2011, the estimated direct and indirect economic impact of Freeport-McMoRan <strong>Copper</strong> & Gold on Arizona was<br />
approximately $2.8 billion. Freeport-McMoRan also employed over 7,600 workers at year end. The total direct<br />
and indirect impact of Freeport-McMoRan on the Arizona economy was estimated to be nearly 30,000 jobs.<br />
In 2011, we contributed over $26 million to Arizona communities focusing our efforts on education and training,<br />
economic development, safety and wellness, the environment and cultural heritage programs.<br />
Community Engagement Updates & Discussion<br />
Four applications for the Company’s Social Investment Grant program were received that were tied to the<br />
priorities identified by the <strong>Ajo</strong> Community Partnership Panel. Awards will be announced in early 2013.<br />
Freeport-McMoRan announced a new statewide partnership with the Arizona College Scholarship Foundation<br />
(ACSF), www.azcsf.org, which provides scholarship opportunities for Arizona youth – including those in rural<br />
communities like <strong>Ajo</strong>. The successful program offers students mentoring/coaching and other support<br />
throughout their college careers to help ensure they achieve their goal of a college degree. ACSF will be<br />
increasing their outreach to <strong>Ajo</strong> students to ensure they are aware of the program and receive any<br />
technical assistance needed to apply.<br />
The Mini Grants for Education deadline is October 30 th . These grants provide up to $500 for K-12 classrooms<br />
in Freeport-McMoRan communities.<br />
The company also recently launched a new website, www.FreeportInMyCommunity.com, to share<br />
comprehensive information about its various community involvement programs, including education and<br />
social investment program applications, as well as other useful information. The website is designed to<br />
engage all types of partners – from communities, nonprofits and schools to stakeholders and employees,<br />
with the goal of “transforming tomorrow together” in each of our communities.<br />
Local Social Investments<br />
During the second quarter of 2012, <strong>Ajo</strong> Operations invested almost $7,000 locally including the <strong>Ajo</strong> High<br />
School (sports program), the <strong>Ajo</strong> Gibson Volunteer Fire Department, the 4 th of July Celebration and the<br />
1st Annual Steel/Peek Memorial Golf Tournament.<br />
For questions or more information, please contact our Operations Community Hotline at (520) 387-2098.<br />
www.fcx.com