GENERAL33615

• Permit No: M1977342
• IBM Index Class Name: General Documents
• Doc Date: 4/30/2007
• Doc Name: Merger
• From: Climax Molybdenum Company
• To: DRMS
• Media Type: D
• Archive: No

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~APhelpsDadgeCompeny

Colorado Office of Mined Land Reclamation
Attn: Ron Cattany, Director
1313 Sherman Street, Room 215
Denver, Colorado 80203

April 16, 2007
Re: Permit No. 77-347 (and amendments) (the "Permit")
Dear Mr. Cattany:
CZGo
COLORADO OPERATIONS
Henderson Mine
P.O. Box 68
Empire, CO 80438
Phone [phone]
Fax [phone]
RECEIVED
~APR'3O ~.l;i)1
Division of rieclamation,
~Arnrng artd Safety
/ ..
Climax Molybdenum Company possesses the above-referenced Permit with the Colorado Office of
Mined Land Reclamation. Climax Molybdenum Company wishes to advise the Colorado Office of Mined Land
Reclamation of a recent change of ownership several levels upstream in its parent corporate structure. As
shown below, Climax Molybdenum Company remains the same entity that it was before the recent action and
retains the same name; therefore, no Permit action is needed. This letter is sent merely for purposes of
clarification and information, following news of the recent action.
Both before and after the recent action, the corporate ownership for Climax Molybdenum Company is as follows:
1. Climax Molybdenum Company is a wholly owned subsidiary of the Cyprus Climax Metals Company;
2. Cyprus Climax Metals Company is a wholly owned subsidiary of the Cyprus Metals Company;
3. Cyprus Metals Company is a wholly owned subsidiary of the Cyprus Amax Minerals Company; and
4. Cyprus Amax Minerals Company is wholly owned subsidiary of Phelps Dodge Corporation.
On March 19, 2007, Panther Acquisition Corporation, a wholly owned subsidiary of Freeport-McMoRan
Copper & Gold Inc., merged with and into Phelps Dodge Corporation, with Phelps Dodge Corporation as the
surviving corporation. From and after that date, Phelps Dodge Corporation and all of its downstream
subsidiaries (including Climax Molybdenum Company) are direct and indirect, wholly owned subsidiaries of
Freeport-McMoRan Copper & Gold Inc.
As you can see, there has been no change in the identity or name of Climax Molybdenum Company
and its parents, up through and including Phelps Dodge Corporation. Therefore, Climax Molybdenum Company
continues to be the permittee, subject to all of the permit's current terms and conditions. Likewise, any and all
responsibilities and obligations held by the parent corporations in reference to this permit prior to the recent
action remain in full effect with the parent corporations. Please contact me if the Colorado Office of Mined Land
Reclamation has any questions, or requires any additional information.
Sincerely,
CLIMAS MOLYBDENUM COMPANY
By:
David H. Thornton
Its: President
GD
cc: Bryce Romig, Environmental Manager, Climax Molybdenum Company
William E. Cobb, Environmental Department Director
Michael B. Wood, Assistant General Counsel