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• iiiiiiiiiiuimiii 999 ~~ CLIMAX MOLYBDENUM COMPANY A Ommion of Lyetis Cbma, Me[eis Co ' ~CEIVED January 6, 2000 ~ 1 Mr. Allen Sorenson ~ ;i~~ner2r $ Geo109y Colorado Department of Natural Resources Division of Minerals and Geology 1313 Sherman Street, Room 215 Denver, CO 80203 Re: Mined Land Reclamation Permit No. M-77-341 Dear Mr. Sorenson: • Colorado Ooerations Henderson Mlne PO Box 68 Eniplre. Colorado 60438 Nlecro 13031 271 ~ 0107 Ouc of fcace (3031569-3221 Fax !3037569-2630 The Henderson Mine possesses the above referenced permit with the Colorado Department of Natural Resources, Division of Minerals and Geology. The Henderson Mine wishes to advise tFle Division of Minerals and Geology of a recent change of ownership in its parent corporate structure. The corporate ownership for the Henderson Mine is as follows: I. The Henderson Mine is a division of Climax Molybdenum Company; 2. Climax Molybdenum Company is a wholly owned subsidiary of the Cyprus Climax Metals Company; 3. The Cyprus Climax Metals Company is a wholly owned subsidiary of the Cypms Metals Company, and 4. Prior to December 2, 1999, the Cyprus Metals Company was a wholly owned suosidiary of the Cyprus Amax Minerals Company. On December 2, 1999, Cyprus Amax Minerals Company merged into and with C.A.V. Corporation, a wholly owned subsidiary of Phelps Dodge Corporation. From and after that date, Cyprus Metals Company and all of its downstream subsidiaries (including the Henderson Mine) are direct, wholly owned subsidiaries of C.A.V. Corporation and indirectly, Phelps Dodge Corporation. To fa~:ilitate the merger, C.A.V. Corporation changed its name to Cyprus Amax Minerals Company. As you can see, although there has been a change in the parent corporate structure, there has been no change in the entity structure of the petmittee. Please be assured that the operating entity holding the permit(s) will remain the same, subject to all of the permit's current [errns and conditions. As a result of the merger C.A.V. Corporation assumed all pre-merger responsibilities of Cyprus Amax Minerals Company. Therefore, any and all responsibilities and obligations held by the parent corporations in reference to this permit prior to December 2, 1999, remain in full effect against the current corporate ownership. Please contact me if the Division of Minerals and Geology has any questions, or requires any additional information. Sincerely, TotM1y Lucero Henderson Mine cc: R. Mohr -Phelps Dodge Corporation