Freeport-McMoRan expects to complete feasibilty study for Bagdad this year

Says continues to plan next phase of growth. Says Americas Leach Initiative has compelling economics. Says identified new areas that were not pursued historically. Says continuing to target annual run rate of 200mm lbs by year-end. Says progressing feasibility study of Bagdad mine, expects to complete that this year. Says advancing plans to expand tailings infrastructure. Says in early stages of development of Lone Star. Says defined opportunity for major expansion at El Abra mine. Says planning to test new leaching technologies at El Abra. Says continuing development of Kucing Liar deposit. Says expects to have initial production from deposit toward the end of this decade.