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4 Aug 2005

Press Office, New York City Comptroller

NYC [New York City] pension funds concerned about Freeport McMoRan's activities in Indonesia

New York City Comptroller William C. Thompson, Jr., on behalf of the New York City Pension Funds, today expressed concern regarding the relationship between Freeport McMoRan Copper & Gold, Inc. and the Indonesian military, as outlined in a new report released by Global Witness. “We are concerned about the details of Freeport McMoran’s payments to the Indonesian military, which seem to be more extensive and more questionable than previously known,” Thompson said. “We are particularly troubled by Freeport’s continued elusive responses to inquiries into its relationship with the Indonesian military. The trustees are committed to pursue this issue further.”