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    <div>&#160;</div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>UNITED
      STATES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Washington,
      D.C.&#160;&#160;20549</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;"><strong>FORM
      8-K</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CURRENT
      REPORT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Pursuant
      to Section 13 OR 15(d) of The Securities Exchange Act of
      1934</strong></font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Date
      of Report (Date of earliest event reported):&#160;&#160;July 10,
      2007</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><img src="fcx_logo.jpg" alt="">&#160;</div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;"><strong>FREEPORT-McMoRan
      COPPER &amp; GOLD INC.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Exact
      name of registrant as specified in its charter)</font></div>
    <div><br></div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Delaware</strong></font></div>
            </td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>1-9916</strong></font></div>
            </td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>74-2480931</strong></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(State
                or other jurisdiction of incorporation)</font></div>
            </td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(Commission
                File Number)</font></div>
            </td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(IRS
                Employer Identification Number)</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="36%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>One
                North Central Avenue</strong></font></div>
            </td>
            <td valign="top" width="36%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="36%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Phoenix,
                Arizona</strong></font></div>
            </td>
            <td valign="top" width="36%">
              <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>85004-4414</strong></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="36%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(Address
                of principal executive offices)</font></div>
            </td>
            <td valign="top" width="36%">
              <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(Zip
                Code)</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Registrant's
      telephone number, including area code:&#160;&#160;(602) 366-8100</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions:</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">[
      ]
      Written communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">[
      ]
      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">[
      ]
      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
      Act
      (17 CFR 240.14d-2(b))</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">[
      ]
      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
      Act
      (17 CFR 240.13e-4(c))</font></div>
    <div><br></div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Item
      1.01.&#160;&#160;<u>Entry into a Material Definitive Agreement.</u></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Amendments
      to Senior Credit Facilities</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">On
      July
      10, 2007, Freeport-McMoRan Copper &amp; Gold Inc., a Delaware corporation
      (&#8220;FCX&#8221;), effected amendments to (1) its senior secured credit agreement with
      JPMorgan Chase Bank, N.A. (&#8220;JP Morgan&#8221;), as administrative agent and collateral
      agent, Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated (&#8220;Merrill&#8221;), as
      syndication agent, and each of the lenders and issuing banks party thereto,
      and
      (2) the amended and restated senior secured credit agreement of FCX and a
      subsidiary borrower with JPMorgan, as administrative agent, security agent,
      joint account assets security agent and collateral agent, Merrill, as
      syndication agent, U.S. Bank National Association, as FI Trustee, and each
      of
      the lenders and issuing banks party thereto. J.P. Morgan Securities Inc. and
      Merrill acted as joint lead arrangers and joint bookrunners for these credit
      facilities.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">As
      amended, the credit facilities provide senior secured financing of $3.95
      billion, consisting of (a) $1.5 billion revolving credit facility, which
      includes $500 million under the amended and restated credit agreement and (b)
      $2.45 billion term loan A.&#160;&#160;FCX used the proceeds from the new term
      loan A to fully repay amounts borrowed under existing term loan
      B.&#160;&#160;Interest cost savings associated with this transaction approximate
      0.75 percent per annum.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Interest
      Rates and Fees.</u>&#160;&#160;Pricing for the term loan A and the revolving
      credit facility loans is, at the option of FCX, LIBOR or base rate (which is
      the
      higher of JPMorgan&#8217;s prime rate and the weighted average of the overnight
      federal funds rates plus 0.50 percent), plus a spread to be determined by
      reference to a grid based on ratings.&#160;&#160;The interest rates for the term
      loan A and the revolving credit loans are currently LIBOR plus 1.00 percent
      per
      annum or the base rate.&#160;&#160;In addition, FCX will pay a commitment fee on
      the unused portion of the revolving credit facility at a rate to be determined
      by reference to a grid based on ratings.&#160;&#160;The commitment fee on the
      unused portion of the revolving credit facility is currently 0.20 percent per
      annum.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Guarantees.</u><em>&#160;</em>All
      obligations under the senior credit facilities and certain interest rate
      protection and other permitted hedging arrangements and obligations in respect
      of certain cash management and purchasing card arrangements are unconditionally
      guaranteed by most of FCX&#8217;s existing and subsequently acquired or organized
      material domestic and certain foreign subsidiaries. The revolving loans of
      FCX
      under the $500 million amended and restated credit agreement are also guaranteed
      by PT Freeport Indonesia and certain other Indonesian subsidiaries of
      FCX.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Security.</u>&#160;&#160;All
      obligations under the senior credit facilities and certain interest rate
      protection and other permitted hedging arrangements and obligations in respect
      of certain cash management and purchasing card arrangements are secured by
      (1)
      the stock of FCX&#8217;s material domestic subsidiaries and 65 percent (or, in certain
      cases, 100 percent) of the stock of certain first-tier foreign subsidiaries,
      (2)
      the intercompany indebtedness owed to FCX by its subsidiaries and (3) certain
      deposit and investment accounts of FCX.&#160;&#160;The revolving loans under the
      $500 million amended and restated credit agreement are also secured by
      substantially all of the assets of PT Freeport Indonesia.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Certain
      Covenants.</u>&#160;&#160;The senior credit facilities contain a number of
      negative covenants that, among other things, restrict, subject to certain
      exceptions, FCX&#8217;s ability or the ability of FCX&#8217;s subsidiaries to: incur
      additional indebtedness (including guarantee obligations); create liens on
      assets; enter into sale and leaseback transactions; engage in mergers,
      liquidations and dissolutions; sell assets; until investment-grade ratings
      are
      obtained, pay dividends, distributions and other payments in respect of capital
      stock, including to purchase FCX capital stock in the open market; until
      investment-grade ratings are obtained, prepay certain indebtedness, including
      $6.0 billion of its notes, consisting of $1.5 billion aggregate principal amount
      of its 8.25% Senior Notes due April 1, 2015, $3.5 billion aggregate principal
      amount of its 8.375% Senior Notes due April 1, 2017 and $1 billion aggregate
      principal amount of its Senior Floating Rate Notes due April 1, 2015
      (collectively, the &#8220;Notes&#8221;); amend the agreements governing the Notes; engage in
      certain transactions with affiliates; change FCX&#8217;s fiscal year; create
      restrictions on FCX&#8217;s ability to create liens on FCX or FCX&#8217;s subsidiaries&#8217;
assets; and change FCX&#8217;s lines of business. In addition, the financial covenants
      under the senior secured credit facilities require FCX, at any time that any
      revolving </font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">loans
      or
      letters of credit are outstanding, not to exceed a maximum total leverage ratio
      or a maximum secured leverage ratio. The senior secured credit facilities also
      contain customary affirmative covenants and representations.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Events
      of Default.</u>&#160;&#160;The senior secured credit facilities specify certain
      customary events of default, including, among others: failure to pay principal,
      interest or other amounts; material inaccuracy of representations and
      warranties; violation of covenants; cross events of default; certain bankruptcy
      and insolvency events; certain events under the Employee Retirement Income
      Security Act; certain undischarged judgments; invalidity of loan documents;
      change of control; and governmental appropriation of the assets of FCX or a
      subsidiary.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Certain
      Relationships.</u>&#160;&#160;The lenders and the noteholders or their
      respective affiliates have in the past engaged, and may in the future engage,
      in
      transactions with and perform services, including commercial banking, financial
      advisory and investment banking services, for FCX and its affiliates in the
      ordinary course of business for which they have received or will receive
      customary fees and expenses. In connection with the refinancing, JP Morgan
      and
      Merrill or their respective affiliates have provided financial advisory services
      to, and have received financial advisory fees from FCX. In connection with
      the
      Notes offering, affiliates of JP Morgan and Merrill and certain of the lenders
      acted as representatives of the several underwriters of the Notes and
      participated in other financing aspects relating to the
      Acquisition.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A
      copy of
      the Amendment Agreement amending the Senior Secured Credit Agreement is attached
      hereto as Exhibit 10.1 and a copy of the Amendment Agreement amending the
      Amended and Restated Senior Secured Credit Agreement is attached hereto as
      Exhibit 10.2, both of which are incorporated herein by reference.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Item
      8.01.&#160;&#160;<u>Other Events.</u></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">FCX
      issued a press release dated July 10, 2007, announcing that it has reduced
      its
      senior secured term debt from $4.4 billion at March 31, 2007, to $2.45 billion
      at June 30, 2007, and has refinanced its term debt to achieve interest cost
      savings and improved terms (see Exhibit 99.1).</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Item
      9.01.&#160;&#160;<u>Financial Statements and Exhibits</u>.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)&#160;&#160;Exhibits.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      Exhibits included as part of this Current Report are listed in the attached
      Exhibit Index.</font></div>
    <div><br></div>
    <div><br></div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">SIGNATURE</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 216pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">FREEPORT-McMoRan
      COPPER &amp; GOLD INC.</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 216pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">By:
      /s/
      C. Donald Whitmire, Jr.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 234pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">----------------------------------------</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 252pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">C.
      Donald
      Whitmire, Jr.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 252pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Vice
      President and Controller -</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 252pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Financial
      Reporting</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 252pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(authorized
      signatory and</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 252pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Principal
      Accounting Officer)</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Date:&#160;&#160;July
      10, 2007</font></div>
    <div><br></div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Freeport-McMoRan
      Copper &amp; Gold Inc.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Exhibit
      Index</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Exhibit</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Number</u></font></div>
    <div><br></div>
    <div><br>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="top" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><a href="exhibit10_1.htm">10.1</a></font></div>
              </td>
              <td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Amendment
                  Agreement dated as of July 3, 2007, amending the Senior Secured
                  Credit
                  Agreement dated as of March 19, 2007, among Freeport-McMoRan Copper
&amp;
                  Gold Inc., the Lenders party thereto, the Issuing Banks party thereto,
                  and
                  JPMorgan Chase Bank, N.A., as Administrative Agent and as Collateral
                  Agent, and Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated, as
                  Syndication Agent.</font></div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td align="left" valign="top" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><a href="exhibit10_2.htm">10.2</a></font></div>
              </td>
              <td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Amendment
                  Agreement dated as of July 3, 2007, amending the Amended and Restated
                  Senior Secured Credit Agreement dated as of March 19, 2007, which
                  amended
                  and restated the Amended and Restated Credit Agreement, dated as
                  of July
                  25, 2006, which amended and restated the Amended and Restated Credit
                  Agreement, dated as of September 30, 2003, which amended and restated the
                  Amended and Restated Credit Agreement, dated as of October 19,
                  2001, which
                  amended and restated both the Credit Agreement, originally dated
                  as of
                  October 27, 1989 and amended and restated as of June 1, 1993 and
                  the
                  Credit Agreement, originally dated as of June 30, 1995, among
                  Freeport-McMoRan Copper &amp; Gold Inc., PT Freeport Indonesia, U.S. Bank
                  National Association, as trustee for the Lenders and certain other
                  lenders
                  under the FI Trust Agreement, the Lenders party thereto, the Issuing
                  Banks
                  party thereto, and JPMorgan Chase Bank, N.A., as Administrative
                  Agent,
                  Security Agent, JAA Security Agent and Collateral Agent, and Merrill
                  Lynch, Pierce, Fenner &amp; Smith Incorporated, as Syndication
                  Agent.</font></div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="75%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td align="left" valign="top" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><a href="exhibit99_1.htm">99.1</a></font></div>
              </td>
              <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="75%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Press
                  release dated July 10, 2007, titled &#8220;Freeport-McMoRan Copper &amp; Gold
                  Inc. Announces Additional Debt Reduction and Refinancing of Term
                  Loan.&#8221;</font></div>
              </td>
            </tr>

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fcx71007_8k.htm
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
Washington,
      D.C.  20549
FORM
      8-K
CURRENT
      REPORT
Pursuant
      to Section 13 OR 15(d) of The Securities Exchange Act of
      1934
Date
      of Report (Date of earliest event reported):  July 10,
      2007
FREEPORT-McMoRan
      COPPER & GOLD INC.
(Exact
      name of registrant as specified in its charter)
Delaware
1-9916
74-2480931
(State
                or other jurisdiction of incorporation)
(Commission
                File Number)
(IRS
                Employer Identification Number)
One
                North Central Avenue
Phoenix,
                Arizona
85004-4414
(Address
                of principal executive offices)
(Zip
                Code)
Registrant's
      telephone number, including area code:  (602) 366-8100
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions:
[
      ]
      Written communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)
[
      ]
      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
[
      ]
      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
      Act
      (17 CFR 240.14d-2(b))
[
      ]
      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
      Act
      (17 CFR 240.13e-4(c))
Item
      1.01.
Entry into a Material Definitive Agreement.
Amendments
      to Senior Credit Facilities
On
      July
      10, 2007, Freeport-McMoRan Copper & Gold Inc., a Delaware corporation
      ("FCX"), effected amendments to (1) its senior secured credit agreement with
      JPMorgan Chase Bank, N.A. ("JP Morgan"), as administrative agent and collateral
      agent, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill"), as
      syndication agent, and each of the lenders and issuing banks party thereto,
      and
      (2) the amended and restated senior secured credit agreement of FCX and a
      subsidiary borrower with JPMorgan, as administrative agent, security agent,
      joint account assets security agent and collateral agent, Merrill, as
      syndication agent, U.S. Bank National Association, as FI Trustee, and each
      of
      the lenders and issuing banks party thereto. J.P. Morgan Securities Inc. and
      Merrill acted as joint lead arrangers and joint bookrunners for these credit
      facilities.
As
      amended, the credit facilities provide senior secured financing of $3.95
      billion, consisting of (a) $1.5 billion revolving credit facility, which
      includes $500 million under the amended and restated credit agreement and (b)
      $2.45 billion term loan A.  FCX used the proceeds from the new term
      loan A to fully repay amounts borrowed under existing term loan
      B.  Interest cost savings associated with this transaction approximate
      0.75 percent per annum.
Interest
      Rates and Fees.
Pricing for the term loan A and the revolving
      credit facility loans is, at the option of FCX, LIBOR or base rate (which is
      the
      higher of JPMorgan's prime rate and the weighted average of the overnight
      federal funds rates plus 0.50 percent), plus a spread to be determined by
      reference to a grid based on ratings.  The interest rates for the term
      loan A and the revolving credit loans are currently LIBOR plus 1.00 percent
      per
      annum or the base rate.  In addition, FCX will pay a commitment fee on
      the unused portion of the revolving credit facility at a rate to be determined
      by reference to a grid based on ratings.  The commitment fee on the
      unused portion of the revolving credit facility is currently 0.20 percent per
      annum.
Guarantees.
All
      obligations under the senior credit facilities and certain interest rate
      protection and other permitted hedging arrangements and obligations in respect
      of certain cash management and purchasing card arrangements are unconditionally
      guaranteed by most of FCX's existing and subsequently acquired or organized
      material domestic and certain foreign subsidiaries. The revolving loans of
      FCX
      under the $500 million amended and restated credit agreement are also guaranteed
      by PT Freeport Indonesia and certain other Indonesian subsidiaries of
      FCX.
Security.
All
      obligations under the senior credit facilities and certain interest rate
      protection and other permitted hedging arrangements and obligations in respect
      of certain cash management and purchasing card arrangements are secured by
      (1)
      the stock of FCX's material domestic subsidiaries and 65 percent (or, in certain
      cases, 100 percent) of the stock of certain first-tier foreign subsidiaries,
      (2)
      the intercompany indebtedness owed to FCX by its subsidiaries and (3) certain
      deposit and investment accounts of FCX.  The revolving loans under the
      $500 million amended and restated credit agreement are also secured by
      substantially all of the assets of PT Freeport Indonesia.
Certain
      Covenants.
The senior credit facilities contain a number of
      negative covenants that, among other things, restrict, subject to certain
      exceptions, FCX's ability or the ability of FCX's subsidiaries to: incur
      additional indebtedness (including guarantee obligations); create liens on
      assets; enter into sale and leaseback transactions; engage in mergers,
      liquidations and dissolutions; sell assets; until investment-grade ratings
      are
      obtained, pay dividends, distributions and other payments in respect of capital
      stock, including to purchase FCX capital stock in the open market; until
      investment-grade ratings are obtained, prepay certain indebtedness, including
      $6.0 billion of its notes, consisting of $1.5 billion aggregate principal amount
      of its 8.25% Senior Notes due April 1, 2015, $3.5 billion aggregate principal
      amount of its 8.375% Senior Notes due April 1, 2017 and $1 billion aggregate
      principal amount of its Senior Floating Rate Notes due April 1, 2015
      (collectively, the "Notes"); amend the agreements governing the Notes; engage in
      certain transactions with affiliates; change FCX's fiscal year; create
      restrictions on FCX's ability to create liens on FCX or FCX's subsidiaries'
assets; and change FCX's lines of business. In addition, the financial covenants
      under the senior secured credit facilities require FCX, at any time that any
      revolving
loans
      or
      letters of credit are outstanding, not to exceed a maximum total leverage ratio
      or a maximum secured leverage ratio. The senior secured credit facilities also
      contain customary affirmative covenants and representations.
Events
      of Default.
The senior secured credit facilities specify certain
      customary events of default, including, among others: failure to pay principal,
      interest or other amounts; material inaccuracy of representations and
      warranties; violation of covenants; cross events of default; certain bankruptcy
      and insolvency events; certain events under the Employee Retirement Income
      Security Act; certain undischarged judgments; invalidity of loan documents;
      change of control; and governmental appropriation of the assets of FCX or a
      subsidiary.
Certain
      Relationships.
The lenders and the noteholders or their
      respective affiliates have in the past engaged, and may in the future engage,
      in
      transactions with and perform services, including commercial banking, financial
      advisory and investment banking services, for FCX and its affiliates in the
      ordinary course of business for which they have received or will receive
      customary fees and expenses. In connection with the refinancing, JP Morgan
      and
      Merrill or their respective affiliates have provided financial advisory services
      to, and have received financial advisory fees from FCX. In connection with
      the
      Notes offering, affiliates of JP Morgan and Merrill and certain of the lenders
      acted as representatives of the several underwriters of the Notes and
      participated in other financing aspects relating to the
      Acquisition.
A
      copy of
      the Amendment Agreement amending the Senior Secured Credit Agreement is attached
      hereto as Exhibit 10.1 and a copy of the Amendment Agreement amending the
      Amended and Restated Senior Secured Credit Agreement is attached hereto as
      Exhibit 10.2, both of which are incorporated herein by reference.
Item
      8.01.
Other Events.
FCX
      issued a press release dated July 10, 2007, announcing that it has reduced
      its
      senior secured term debt from $4.4 billion at March 31, 2007, to $2.45 billion
      at June 30, 2007, and has refinanced its term debt to achieve interest cost
      savings and improved terms (see Exhibit 99.1).
Item
      9.01.
Financial Statements and Exhibits
.
(d)  Exhibits.
The
      Exhibits included as part of this Current Report are listed in the attached
      Exhibit Index.
SIGNATURE
Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized.
FREEPORT-McMoRan
      COPPER & GOLD INC.
By:
      /s/
      C. Donald Whitmire, Jr.
----------------------------------------
C.
      Donald
      Whitmire, Jr.
Vice
      President and Controller -
Financial
      Reporting
(authorized
      signatory and
Principal
      Accounting Officer)
Date:  July
      10, 2007
Freeport-McMoRan
      Copper & Gold Inc.
Exhibit
      Index
Exhibit
Number
10.1
Amendment
                  Agreement dated as of July 3, 2007, amending the Senior Secured
                  Credit
                  Agreement dated as of March 19, 2007, among Freeport-McMoRan Copper
&
                  Gold Inc., the Lenders party thereto, the Issuing Banks party thereto,
                  and
                  JPMorgan Chase Bank, N.A., as Administrative Agent and as Collateral
                  Agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as
                  Syndication Agent.
10.2
Amendment
                  Agreement dated as of July 3, 2007, amending the Amended and Restated
                  Senior Secured Credit Agreement dated as of March 19, 2007, which
                  amended
                  and restated the Amended and Restated Credit Agreement, dated as
                  of July
                  25, 2006, which amended and restated the Amended and Restated Credit
                  Agreement, dated as of September 30, 2003, which amended and restated the
                  Amended and Restated Credit Agreement, dated as of October 19,
                  2001, which
                  amended and restated both the Credit Agreement, originally dated
                  as of
                  October 27, 1989 and amended and restated as of June 1, 1993 and
                  the
                  Credit Agreement, originally dated as of June 30, 1995, among
                  Freeport-McMoRan Copper & Gold Inc., PT Freeport Indonesia, U.S. Bank
                  National Association, as trustee for the Lenders and certain other
                  lenders
                  under the FI Trust Agreement, the Lenders party thereto, the Issuing
                  Banks
                  party thereto, and JPMorgan Chase Bank, N.A., as Administrative
                  Agent,
                  Security Agent, JAA Security Agent and Collateral Agent, and Merrill
                  Lynch, Pierce, Fenner & Smith Incorporated, as Syndication
                  Agent.
99.1
Press
                  release dated July 10, 2007, titled "Freeport-McMoRan Copper & Gold
                  Inc. Announces Additional Debt Reduction and Refinancing of Term
                  Loan."