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JUM-06-97 FRI 11: 12 P, 06/06 <br /> 06/06/97 FRI 09:49 FA% 303t*949 0004 <br /> DELEGATION OF AUTHORITY <br /> January 2, 1997 <br /> I, Gerald .1_ Malys, Senior Vice President and Chief Financial Officer of Cyprus Amax <br /> Minerals Company ("Cyprus"), hereby delegate my authority to Denise R. Danner, <br /> Director of Financial Reporting, to execute an behalf of Cyprus, and any of its <br /> subsidiaries, surety bonds, routine insurance applications, and any and all documents <br /> relating to workers' compensation matters, including but not limited to, sett-insurance <br /> permits, state fund accounts, assigned risk accounts, Federal USL&H permits, and <br /> Federal black lung permits. <br /> This delegation of authority will expire on December 31, 1997. <br /> Gerai . Malys <br /> Senio Vice President and <br /> Chief Financial Officer <br />