PHOENIX, AZ, November 14, 2014 – Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has completed the sale of $3.0 billion of senior notes. FCX intends to use the net proceeds from this offering to repay certain of its outstanding debt.

Following is a summary of the four new tranches of debt, which will have an aggregate weighted interest cost of approximately 4.1%:

Description                                       Amount                                       Maturity

2.30% Senior Notes (1)                   $750 Million                      Due November 14, 2017

4.00% Senior Notes (2)                   $600 Million                      Due November 14, 2021

4.55% Senior Notes (3)                   $850 Million                      Due November 14, 2024

5.40% Senior Notes (4)                   $800 Million                      Due November 14, 2034

(1) Priced at 99.934% to yield 2.323%
(2) Priced at 99.619% to yield 4.063%
(3) Priced at 99.905% to yield 4.562%
(4) Priced at 99.516% to yield 5.440%

The joint book-running managers for the offering are Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated.