New York, May 21, 2013 -- Moody's Investors Service, Inc. ("Moody's") said today that Freeport-McMoRan Copper & Gold Inc.'s ("FCX") and Plains Exploration & Production Company's ("PXP") announcements that both companies intend to declare a total of approximately $1.4 billion in dividends will not affect FCX's Baa3 senior unsecured debt rating and stable outlook at this time.

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