Presentation by Freeport's CEO at Nov.19 Goldman ConferenceRichard Adkerson, FCX CEO presented at the 11/19/14 Goldman Metals and Mining Conference. The same slide that shows Serbia which was filed with the SEC in its Q3 filings was also used here. More importantly, Adkerson discussed the recent sale of certain copper as well as oil/gas assets. He stated that while all of them were good assets with good margins, Freeport sold them because they lacked growth opportunities whereas the assets Freeport has chosen to retain have the significant size/growth opportunities for which Freeport is looking. In discussing the copper side of the business specifically, Adkerson stated that Tenke has "huge power issues that will take time to resolve" and Indonesia has significant long term problems. He is particularly worried about Indonesia because Freeport contractually has no certainty with the government beyond 2021 and Freeport is going to have to make huge capital expenditures there over the next several years. Adkerson posed to the audience in light of the problems at Tenke and Indonesia, "how do we get copper production for the future," and answered the question by stating we will develop a "long term pipeline of continuing to add copper volumes." He stated that Freeport's copper growth opportunities are long term and that Freeport sees this as the core of their business and success. While there was no express mention of Serbia and the JV with RMC by Adkerson, the import of Adkerson's message is clear: Serbia is an important part of Freeport's core mission and future copper growth and production.