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Freeport-McMoRan Inc. (NYSE:FCX) announced today with great sadness that James Robert Jim Bob Moffett of Austin, Texas passed away at the age of 82. Mr. Moffett served as Chairman of Freeport-McMoRan from 1984-2015 and CEO from 1984-2003. Mr. Moffett co-founded McMoRan Exploration Co. in 1969 with B. M. Mack Rankin, Jr. (deceased) and W. K. McWilliams (deceased). In 1981, under Mr. Moffett s leadership, McMoRan merged with Freeport Minerals Company to form one of the world s leading natural resource companies, Freeport-McMoRan Inc. (FTX), FCX s former parent company. Jim Bob was a legend and visionary in the natural resource industry, said Gerald Ford, Chairman of the Board of FCX, and Richard Adkerson, Vice Chairman and Chief Executive Officer. Jim Bob s passion and relentless drive as an explorationist led to the discovery and development of world class oil and gas and mineral deposits over his long career. Our thoughts and prayers are with his family, friends and l