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~~ • CLIMAX <br />Jamrary 6, 2000 <br />MOL~ENUM COMPANY <br />A nivisian of Cyprus Climax Metals Co <br />Mr. Allen Sorenson <br />Colorado Depammem of Natural Resources <br />Division of Minerals and Geology <br />1313 Sherman Streel, Room 215 <br />Denier, Colorado 80203 <br />• III'II' ll <br />'II"I"I' <br /> OPlY~TIOM~ <br />3 <br />RECEIVED rlenderaon Mill <br /> 19302 County Road x3 <br /> F~arshall, Colorado 804fi8 <br />~~nr <br />l ~ <br />j r, <br />f Metro 13031271-0107 <br />. <br />. <br />/ ~~„( <br />pu t of State (3031 569-3221 <br /> Far (97017250038 <br />JI r,a,lneray & Geology <br />Re: Mined Iand Rechunatian Permit No. M-77-341 and Technical Revisions <br />Dear Allen: <br />The Henderson Mill possesses the above referenced permit with the Division of Minerals aofl Geology. <br />The Henderson Mill wishes to advise the Division of Minerals and Geology of a recent change of <br />ownership in its parent corporate s[rltcttue. The cotpma[e ownership for the Henderson Mill is as follows: <br />I. Henderson Mill is a division of Climax Molybdenum Company; <br />2. Climax Molybdenum Company is a wholly owned subsidiary of the Cyprus Climax Metals <br />Company; <br />3. The Cyprtu Climax Metals Company is a wholly owned subsidiary of the Cyplnu Metals <br />Company, and <br />4. Prior to December 2, 1999, the Cypms Metals Company was a wholly owned subsidiary of <br />the Cyprus Amax Minerals Company. <br />C!n December 2, 1999, Cyprus Amax rifinerals Company merged imo and with C.AV. Cogroratioq a <br />wholly owned subsidiary of Phelps Dodge Corporation From and after that date, Cyprus Metah; Company <br />and all of its downstream subsidiaries (inducting the Henderson Mill) are direct, wholly owned subsidiazies <br />of C.A.V. Corporation and indirectly, Phelps Dadge Corporation To facilitate the mergta, C.A.V. <br />Corporation rhan~oed its name to Cyprus Amax Minetls Company. <br />As you can see, although there has been a change in the parent corporate stnrchue, there has been no <br />change in the entity structtue of the permittee. Please be assured that the operating entity holding the <br />permit(s) will remain the same, subject to all of the permits clrrrent terms and conditions. As a result of the <br />merger C.A.V. Corporation assumed all pre-merger responsibilmes of Cyprus Amax Minerals Company. <br />Therefore, any and all responsibilities and obligations held by the parent corporations in reference to this <br />permit prior to December 2, 1999, remain in full effect against the ctnrent wrporate ownership. Please <br />contact me if the Division of Minerals and Geology has any questions, or requires any additional <br />information <br />Sincerely/ ~ ~, I - <br />!~~ V0 wv`~ <br />Erich Bower <br />Henderson Mill <br />Climax Moybdenum Company <br />cc: R Mohr -Phelps Dodge Corporation <br /> <br />