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McMoRan Exploration Co. Provides Notices to Holders of Convertible Securities

NEW ORLEANS--(BUSINESS WIRE)--McMoRan Exploration Co. (NYSE: MMR) announced today that, in connection with the pending merger with Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), MMR has delivered notices regarding the effect of the merger as applicable to holders of the following series of its outstanding convertible securities in accordance with the applicable certificates of designation and indentures: