<SEC-DOCUMENT>0001193125-17-164988.txt : 20170628
<SEC-HEADER>0001193125-17-164988.hdr.sgml : 20170628
<ACCEPTANCE-DATETIME>20170510070802
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-17-164988
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20170510

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FREEPORT-MCMORAN INC
		CENTRAL INDEX KEY:			0000831259
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				742480931
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		333 NORTH CENTRAL AVENUE
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004
		BUSINESS PHONE:		6023668100

	MAIL ADDRESS:	
		STREET 1:		333 NORTH CENTRAL AVENUE
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FREEPORT MCMORAN COPPER & GOLD INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FREEPORT MCMORAN COPPER COMPANY INC
		DATE OF NAME CHANGE:	19910114
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[FCX Letterhead] </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">May&nbsp;10, 2017 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange
Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, N.E. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">RE:</TD>
<TD ALIGN="left" VALIGN="top">Freeport-McMoRan Inc. </TD></TR></TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Registration Statement on Form
<FONT STYLE="white-space:nowrap">S-4</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Filed May&nbsp;10, 2017 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with the
above referenced Registration Statement on Form <FONT STYLE="white-space:nowrap">S-4</FONT> (the &#147;Registration Statement&#148;) relating to the offer by Freeport-McMoRan Inc., a Delaware corporation, (&#147;FCX&#148;) to exchange (the
&#147;Exchange Offer&#148;) up to $179,127,000 of FCX&#146;s registered 6.125% Senior Notes due 2019 (the &#147;new 2019 notes&#148;) for up to $179,127,000 of FCX&#146;s outstanding unregistered 6.125% Senior Notes due 2019 (the &#147;old 2019
notes&#148;), up to $552,107,000 of FCX&#146;s registered 6.50% Senior Notes due 2020 (the &#147;new 2020 notes&#148;) for up to $552,107,000 of FCX&#146;s outstanding unregistered 6.50% Senior Notes due 2020 (the &#147;old 2020 notes&#148;), up to
$228,133,000 of FCX&#146;s registered 6.625% Senior Notes due 2021 (the &#147;new 2021 notes&#148;) for up to $228,133,000 of FCX&#146;s outstanding unregistered 6.625% Senior Notes due 2021 (the &#147;old 2021 notes&#148;), up to $403,707,000 of
FCX&#146;s registered 6.75% Senior Notes due 2022 (the &#147;new 2022 notes&#148;) for up to $403,707,000 of FCX&#146;s outstanding unregistered 6.75% Senior Notes due 2022 (the &#147;old 2022 notes&#148;), and up to $728,030,000 of FCX&#146;s
registered 6.875% Senior Notes due 2023 (the &#147;new 2023 notes&#148; and, together with the new 2019 notes, the new 2020 notes, the new 2021 notes, and the new 2022 notes, the &#147;new notes&#148;) for up to $728,030,000 of FCX&#146;s
outstanding unregistered 6.875% Senior Notes due 2023 (the &#147;old 2023 notes&#148; and, together with the old 2019 notes, the old 2020 notes, the old 2021 notes, and the old 2022 notes, the &#147;old notes&#148;), which are guaranteed by
FCX&#146;s subsidiary guarantor as set forth in the Registration Statement, FCX hereby confirms to the staff of the Division of Corporation Finance of the Securities and Exchange Commission (the &#147;Staff&#148;) that FCX is registering the
Exchange Offer in reliance on the Staff&#146;s position enunciated in the <I>Exxon</I> <I>Capital</I> <I>Holdings</I> <I>Corporation</I> <FONT STYLE="white-space:nowrap">no-action</FONT> letter (available May&nbsp;13, 1988), the <I>Morgan</I>
<I>Stanley</I><I>&nbsp;&amp;</I> <I>Co.</I> <I>Incorporated</I> <FONT STYLE="white-space:nowrap">no-action</FONT> letter (available June&nbsp;5, 1991) and the <I>Shearman</I><I>&nbsp;&amp;</I> <I>Sterling</I>
<FONT STYLE="white-space:nowrap">no-action</FONT> letter (available July&nbsp;2, 1993). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">FCX represents as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. FCX has not entered into any arrangement or understanding with any person to distribute the new notes to be received in the Exchange Offer
and, to the best of FCX&#146;s information and belief, each person participating in the Exchange Offer is acquiring the new notes in its ordinary course of business and has no arrangement or understanding with any person to participate in the
distribution of the new notes to be received in the Exchange Offer. In this </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Freeport-McMoRan Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">May 10, 2017 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 2 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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regard, FCX will make each person participating in the Exchange Offer aware (through the Exchange Offer prospectus or otherwise) that if such person is participating in the Exchange Offer for the
purpose of participating in a distribution of the new notes to be acquired in the Exchange Offer, such person (i)&nbsp;could not rely on the Staff position enunciated in the <I>Exxon</I> <I>Capital</I> <I>Holdings</I> <I>Corporation</I>,
<I>Morgan</I> <I>Stanley</I><I>&nbsp;&amp;</I> <I>Co.</I> <I>Incorporated</I> and <I>Shearman</I><I>&nbsp;&amp;</I> <I>Sterling</I> <FONT STYLE="white-space:nowrap">no-action</FONT> letters and interpretive letters of similar effect and
(ii)&nbsp;must comply with registration and prospectus delivery requirements of the Securities Act of 1933, as amended (the &#147;Act&#148;) in connection with a secondary resale transaction. FCX acknowledges that such a secondary resale transaction
should be covered by an effective registration statement containing the selling securityholder information required by Item 507 of Regulation <FONT STYLE="white-space:nowrap">S-K.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. FCX will also make each person participating in the Exchange Offer aware that any broker-dealer who holds old notes acquired for its own
account as a result of market-making activities or other trading activities may participate in the Exchange Offer so long as the broker-dealer has not entered into any arrangement or understanding with FCX or an affiliate of FCX to distribute the
new notes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. FCX will also make each person participating in the Exchange Offer aware (through the Exchange Offer prospectus or
otherwise) that any broker-dealer who holds old notes acquired for its own account as a result of market-making activities or other trading activities, and who receives new notes in exchange for such old notes pursuant to the Exchange Offer, may be
a statutory underwriter and must deliver a prospectus meeting the requirements of the Act (as described in the <I>Shearman</I><I>&nbsp;&amp;</I> <I>Sterling</I> <FONT STYLE="white-space:nowrap">no-action</FONT> letter) in connection with any resale
of such new notes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4. FCX will include in the transmittal letter or similar documentation to be executed by an exchange offeree in order
to participate in the Exchange Offer a representation to the effect that by accepting the Exchange Offer, the exchange offeree represents to FCX that it is not engaged in, and does not intend to engage in, a distribution of the new notes, and that
if the exchange offeree is a broker-dealer holding old notes acquired for its own account as a result of market-making activities or other trading activities, it will deliver a prospectus meeting the requirements of the Act in connection with any
resale of new notes received in respect of such old notes pursuant to the Exchange Offer. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3">Sincerely,</TD></TR>
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<TD HEIGHT="16" COLSPAN="3"></TD></TR>
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<TD VALIGN="top" COLSPAN="3">Freeport-McMoRan Inc.</TD></TR>
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<TD HEIGHT="16"></TD>
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<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Douglas N. Currault II</P></TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Douglas N. Currault II</TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Secretary</TD></TR>
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