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FREEPORT-McMoRan COPPER & GOLD INC. EXTENDS COMMISSION-FREE SHAREHOLDER SALES PLANS FOR HOLDERS OF FEWER THAN 100 SHARES OF FREEPORT-McMoRan COPPER & GOLD INC. CLASS A AND CLASS B COMMON STOCK.

NEW ORLEANS--(BUSINESS WIRE)--Sept. 15, 1995--Freeport-McMoRan Copper & Gold Inc. (FCX) announced today that it has extended the previously announced commission-free shareholder sales plans for holders of fewer than 100 shares of FCX Class A common stock (NYSE:FCX.A) and for holders of fewer than 100 shares of FCX Class B common stock (NYSE:FCX.B). The plans, as extended, will expire at 5:00 p.m. (New York City time) on October 6, 1995.

Pursuant to the plans, Chemical Mellon Shareholder Services ("CMSS") will act as agent for FCX Class A common shareholders who owned as of August 8, 1995 fewer than 100 shares of FCX Class A common stock (including any shares jointly held and any shares held by a bank or broker) and who wish to sell all of such shares. CMSS also will act as agent for FCX Class B common shareholders who owned as of August 8, 1995 fewer than 100 shares of FCX Class B common stock (including any shares jointly held and any shares held by a bank or broker) and who wish to sell all of such shares.

CMSS will accumulate the FCX Class A and Class B common shares of participating shareholders and sell such shares in round-lots in the open-market. Shareholders who participate in the plans after 5:00 p.m. (New York City time) on September 15, 1995 and before 5:00 p.m. (New York City time) on October 6, 1995 will receive a weighted average price per share that is based upon the gross sales price from actual open-market sales of shares accepted for tender during such period. All commissions associated with the plan will be paid by FCX.

FCX makes no recommendation as to whether shareholders should participate in the plans, and the plans are not a solicitation by CMSS or FCX for Class A or Class B common stock.

FCX is engaged in the exploration, mining and milling of copper, gold and silver in Irian Jaya, Indonesia and the smelting and refining of copper concentrates in Spain.

CONTACT: Freeport-McMoRan Copper & Gold Inc., New Orleans

Craig E. Saporito, 504/582-4476

or

Chris D. Sammons, 504/582-4474
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Publication:Business Wire
Date:Sep 15, 1995
Words:361
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